Stock market is expected to open lower on Monday. Its one of the most frustrating market to buy and hold a stock as there is no guarantee which way market will go. The sell off happens so quickly followed by slow recovery. At the same time, Every sell off is bought and market closes either in green or flat. The timing of entry and exit point is hard to predict. So choose your stock carefully. Gold and silver will be in pressure after huge sell off on Friday. After Japan stimulus one would have expected huge rally in Gold and Silver but opposite happened.Watch out GLd, SLV, DUST, NUGT, GLL, ZSL, AGQ, ANV for volatile trade.
I'll be trading ACAD, RAD, C, SCHW, AAPL, GSK, UVXY.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 5:00 | EUR | Trade balance (nsa) | low | 5 | -3.9 | |||||
| 8:30 | USD | Empire State Survey | med | 7 | 9.24 | |||||
| 9:00 | USD | Net Long-term TICS Flows | low | 40 | 25.7 | |||||
| 10:00 | USD | NAHB Builders survey | med | 45 | 44 | |||||
| 20:00 | IMF Chief Economist Blanchard holds news briefing on the World Economic Outlook | low | ||||||||
| 20:00 | IMF holds news conference to release its Fiscal Monitor Report evaluating country debt levels | low | ||||||||
After Hours Movers
Premarket Earning:
Citigroup Inc. ( C ) is reporting for the quarter ending March 31, 2013. The bank company's consensus earnings per share forecast from the 16 analysts that follow the stock is $1.18. This value represents a 5.36% increase compared to the same quarter last year. C missed the consensus earnings per share in the 4th calendar quarter of 2012 by -20.69%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for C is 9.67 vs. an industry ratio of 11.80.
The Charles Schwab Corporation ( SCHW ) is reporting for the quarter ending March 31, 2013. The investment bankers company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.16. This value represents a 6.67% increase compared to the same quarter last year. In the past year SCHW has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SCHW is 23.39 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
FIRST REPUBLIC BANK ( FRC ) is reporting for the quarter ending March 31, 2013. The bank (west) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.72. This value represents a 7.46% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FRC is 13.43 vs. an industry ratio of 16.70.
Webster Financial Corporation ( WBS ) is reporting for the quarter ending March 31, 2013. The bank (northeast) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.45. This value represents a 7.14% increase compared to the same quarter last year. In the past year WBS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for WBS is 12.82 vs. an industry ratio of 14.50.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| BROWN & BROWN BRO | After Market Close | N/A | 0.39 | N/A |
| DESTINY MEDIA DSNY | After Market Close | N/A | N/A | N/A |
| ECOTALITY INC ECTY | After Market Close | N/A | -0.08 | N/A |
| JOES JEANS INC JOEZ | After Market Close | N/A | 0.02 | N/A |
| PINNACLE FIN PT PNFP | After Market Close | N/A | 0.33 | N/A |
| STANLEY FURN CO STLY | After Market Close | N/A | -0.11 | N/A |
| BIOSTAR PHARMAC BSPM | Before Open | N/A | N/A | N/A |
