Stock market is expected to open higher tomorrow unless US GDP comes negative. US GDP is expected to show 3%, but I am expecting 2% or less after disappointing data this week. Also, US Federal Reserve Total Assets is at a current level of 3.319T, up from 3.295T last week and up from 2.878T one year ago. This is a change of 0.71% from last week and 15.32% from one year ago. As long as FED continues to print this market will not correct. In order for correction, Stock market need to close in red on Friday and Tuesday.
I'll be trading JCP, INFY, Short YUM, long QLIK, INFA, long CSTR in 1st hour followed by short.
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| Comparison of Federal Reserve total asset vs S&P500. Fed support 1550 -1600 range. |
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 0:15 | EUR | ECB Executive Board member Asmussen speaks at M&A Europe 2013 conference | low | |||||||
| 1:00 | EUR | M3 Money Supply (sa) | med | 3.2 | 3.3 | |||||
| 1:00 | EUR | M3 Money Supply (sa) | med | 3 | 3.1 | |||||
| 3:00 | EUR | EU to Propose Measures to Facilitate Worker Mobility | low | |||||||
| 5:30 | USD | GDP Annualised (Adv.) | high | 3 | 0.4 | |||||
| 5:30 | USD | GDP Deflator (Adv.) | low | 1.3 | 1 | |||||
| 5:30 | USD | Core PCE Price Index (Adv.) | med | 1.1 | 1 | |||||
| 6:55 | USD | Univ of Mich Sent. (final) | med | 73.5 | 72.3 | |||||
| 9:00 | EUR | EU President Van Rompuy speaks at Leuven University on democracy and the European economic crisis | low | |||||||
After Hours Movers
Premarket Earning
Chevron Corporation ( CVX ) is reporting for the quarter ending March 31, 2013. The oil company's consensus earnings per share forecast from the 13 analysts that follow the stock is $3.08. This value represents a 5.81% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CVX is 9.57 vs. an industry ratio of 2.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Simon Property Group, Inc. ( SPG ) is reporting for the quarter ending March 31, 2013. The reit company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.01. This value represents a 10.44% increase compared to the same quarter last year. In the past year SPG and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SPG is 20.59 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
LyondellBasell Industries NV ( LYB ) is reporting for the quarter ending March 31, 2013. The chemical company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.44. This value represents a 33.33% increase compared to the same quarter last year. The last two quarters LYB had negative earnings surprises; the latest report they missed by -0.88%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for LYB is 10.00 vs. an industry ratio of 14.70.
TransCanada Corporation ( TRP ) is reporting for the quarter ending March 31, 2013. The oil (production/pipeline) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.56. This value represents a 5.66% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TRP is 21.55 vs. an industry ratio of 27.70.
Covidien plc. ( COV ) is reporting for the quarter ending March 31, 2013. The medical products company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.10. This value represents a 4.76% increase compared to the same quarter last year. In the past year COV has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.77%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for COV is 14.73 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry.
National Oilwel Varcol, Inc. ( NOV ) is reporting for the quarter ending March 31, 2013. The oil field machinery & equipment company's consensus earnings per share forecast from the 16 analysts that follow the stock is $1.39. This value represents a 3.47% decrease compared to the same quarter last year. In the past year NOV has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.47%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for NOV is 11.05 vs. an industry ratio of 18.20.
American Electric Power Company, Inc. ( AEP ) is reporting for the quarter ending March 31, 2013. The electric power utilities company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.80. This value represents a no change for the same quarter last year. In the past year AEP has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AEP is 16.16 vs. an industry ratio of 7.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Ventas, Inc. ( VTR ) is reporting for the quarter ending March 31, 2013. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.99. This value represents a 8.79% increase compared to the same quarter last year. In the past year VTR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.06%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VTR is 19.46 vs. an industry ratio of 16.70, implying that they will have a higher earnings growth than their competitors in the same industry.
V.F. Corporation ( VFC ) is reporting for the quarter ending March 31, 2013. The textile company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.17. This value represents a 11.86% increase compared to the same quarter last year. In the past year VFC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.32%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VFC is 16.13 vs. an industry ratio of 17.60.
Aon plc ( AON ) is reporting for the quarter ending March 31, 2013. The insurance brokers company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.11. This value represents a 13.27% increase compared to the same quarter last year. AON missed the consensus earnings per share in the 1st calendar quarter of 2012 by -7.55%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AON is 12.96 vs. an industry ratio of 20.40.
Weyerhaeuser Company ( WY ) is reporting for the quarter ending March 31, 2013. The building company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.22. This value represents a 1000.00% increase compared to the same quarter last year. WY missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -10%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for WY is 29.08 vs. an industry ratio of 18.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Tyco International, Ltd. (Switzerland) ( TYC ) is reporting for the quarter ending March 31, 2013. The diversified operations company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.40. This value represents a 53.49% decrease compared to the same quarter last year. TYC missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -8.33%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TYC is 16.68 vs. an industry ratio of 14.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Monday Premarket Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| NAM TAI ELECTRS NTE | N/A | N/A | N/A | N/A |
| EMBRAER AIR-ADR ERJ | N/A | N/A | 0.43 | N/A |
| UNS ENERGY CORP UNS | Before Open | N/A | 0.20 | N/A |
| TGC INDUSTRIES TGE | Before Open | N/A | 0.32 | N/A |
| TENNECO INC TEN | Before Open | N/A | 0.65 | N/A |
| SOHU.COM INC SOHU | Before Open | N/A | 0.46 | N/A |
| SENIOR HOUSING SNH | Before Open | N/A | 0.43 | N/A |
| ROPER INDS INC ROP | Before Open | N/A | 1.22 | N/A |
| PENSKE AUTO GRP PAG | Before Open | N/A | 0.62 | N/A |
| OLD NATL BCP ONB | Before Open | N/A | 0.26 | N/A |
| NOVADAQ TEC INC NVDQ | Before Open | N/A | -0.04 | N/A |
| MERCURY GENL CP MCY | Before Open | N/A | 0.47 | N/A |
| MEDIDATA SOLUTN MDSO | Before Open | N/A | 0.13 | N/A |
| LSI INDUSTRIES LYTS | Before Open | N/A | N/A | N/A |
| LOEWS CORP L | Before Open | N/A | 0.84 | N/A |
| INSPERITY INC NSP | Before Open | N/A | 0.51 | N/A |
| HOMESTREET INC HMST | Before Open | N/A | 0.84 | N/A |
| HEALTH NET INC HNT | Before Open | N/A | 0.40 | N/A |
| FIVE STAR QLTY FVE | Before Open | N/A | 0.07 | N/A |
| EXTRA SPACE STG EXR | Before Open | N/A | 0.44 | N/A |
| ENERGEN CORP EGN | Before Open | N/A | 1.24 | N/A |
| EDUCATION RLTY EDR | Before Open | N/A | 0.14 | N/A |
| EATON CORP PLC ETN | Before Open | N/A | 0.79 | N/A |
| DSP GROUP INC DSPG | Before Open | N/A | N/A | N/A |
| COMPASS MINERLS CMP | Before Open | N/A | 1.11 | N/A |
| CNA FINL CORP CNA | Before Open | N/A | 0.71 | N/A |
| CHOICE HTL INTL CHH | Before Open | N/A | 0.27 | N/A |
| CHANGYOU.COM CYOU | Before Open | N/A | 1.41 | N/A |
| BOARDWALK PIPLN BWP | Before Open | N/A | 0.40 | N/A |
| AUDIOCODES LTD AUDC | Before Open | N/A | 0.00 | N/A |
| ARMSTRONG WORLD AWI | Before Open | N/A | 0.41 | N/A |
| AMERISTAR CASIN ASCA | Before Open | N/A | 0.59 | N/A |
