Stock Market is expected to open higher tomorrow because it's Tuesday and its ECB fine tuning day. 80% of the time market rallied or open higher because of this ECB operation. If market open high, it will close in red and vice versa. ECB fine tuning operation also act as a cushion for any negative headline in such case, market will close flat. Cyprus deal was an act of robbery in day light by EU and IMF. Anyways, it set a wrong example for the depositor and saver, and one should think twice before depositing their money into bank. Only deposit money that can be insured and deposit in two or three bank instead of one. In less then month time, half of the EU bank will have bank run. Cyprus has got the bailout deal and it will be given in May, only if it survives till then.
I'll be watching SONC, VHC, MGM, MFRM for day trading.
After Hours Movers
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 1:10 | USD | Fed's Fisher speaks on "An Economic and Monetary Policy Outlook: Where Does the United States Go from Here?" before the Global Interdependence Banking Series | low | |||||||
| 3:45 | EUR | French INSEE Consumer Confidence | low | 86 | 86 | |||||
| 8:30 | USD | Durable goods orders | med | 3.9 | -4.9 | |||||
| 8:30 | USD | Durables ex defence | high | -0.4 | ||||||
| 8:30 | USD | Durables ex transport | high | 0.5 | 2.3 | |||||
| 9:00 | USD | S&P Case-Shiller Home Price | med | 7.85 | 6.84 | |||||
| 10:00 | USD | New Home Sales | med | 420 | 437 | |||||
| 10:00 | USD | Consumer confidence | high | 67.5 | 69.6 | |||||
| 20:00 | 2013 BRICS Summit takes place in South Africa (final day) | low | ||||||||
| 20:00 | USD | Deadline for Enactment of New U.S. Spending Bill | high | |||||||
Premarket Earning:
Neogen Corporation ( NEOG ) is reporting for the quarter ending February 28, 2013. The medical products company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.28. This value represents a 27.27% increase compared to the same quarter last year. NEOG missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -3.85%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for NEOG is 43.09 vs. an industry ratio of 13.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The Children's Place Retail Stores, Inc. ( PLCE ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.03. This value represents a 18.39% increase compared to the same quarter last year. PLCE missed the consensus earnings per share in the 1st calendar quarter of 2012 by -2.25%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for PLCE is 14.60 vs. an industry ratio of -204.20, implying that they will have a higher earnings growth than their competitors in the same industry.
NuPathe Inc. ( PATH ) is reporting for the quarter ending December 31, 2012. The medical products company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.31. This value represents a 18.42% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for PATH is -2.33 vs. an industry ratio of 13.40.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| ALEXZA PHARMACT ALXA | After Market Close | N/A | -0.46 | N/A |
| BACTERIN INTL BONE | After Market Close | N/A | -0.04 | N/A |
| DIGITAL ALLY IN DGLY | After Market Close | N/A | N/A | N/A |
| DOVER SADDLERY DOVR | After Market Close | N/A | N/A | N/A |
| ENVIVIO INC ENVI | After Market Close | N/A | -0.18 | N/A |
| IMAGE SENSE SYS ISNS | After Market Close | N/A | N/A | N/A |
| LANDEC CORP LNDC | After Market Close | N/A | 0.18 | N/A |
| LUNA INNOVATION LUNA | After Market Close | N/A | N/A | N/A |
| MATTRESS FIRM MFRM | After Market Close | N/A | 0.31 | N/A |
| METABOLIX INC MBLX | After Market Close | N/A | -0.28 | N/A |
| SAIC INC SAI | After Market Close | N/A | 0.52 | N/A |
| SANUWAVE HEALTH SNWV | After Market Close | N/A | -0.10 | N/A |
| VENAXIS INC APPY | After Market Close | N/A | N/A | N/A |
| WILLDAN GROUP WLDN | After Market Close | N/A | 0.01 | N/A |
