Stock market is expected to open flat lower on Monday. This market is again ready for big correction based on the chart, but as we have seen in past few month. Everytime chart is ready for big correction, Fed comes up with big injection into the market. So becautious and be defensive in this market. Don't hold stock overnight. There could be rumor of US downgrade this week or following week. Bearish zone begins from 14675 on Dow jones and 1575 on S&P500. 5% -10% correction is expected in May. This week Fed FOMC meeting result is crucial. Gold and Silver will have big move. Watch GLD, SLV, AGQ, NUGT for bullish case of gold and silver while DUST, ZSL for bearish.
I'll be trading YUM short, NTE, BVX, JCP, UVXY, TZA
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 5:00 | EUR | Consumer sentiment | med | -22.3 | -22.3 | |||||
| 5:00 | EUR | Industrial sentiment | med | -13.5 | -12.5 | |||||
| 5:00 | EUR | Business Climate Index | low | -0.9 | -0.86 | |||||
| 5:00 | EUR | Economic sentiment | med | 89.4 | 90 | |||||
| 8:00 | EUR | German HICP (Prelim.) | high | 1.7 | 1.8 | |||||
| 8:00 | EUR | German CPI (Prelim.) | low | 1.4 | 1.4 | |||||
| 8:00 | EUR | German HICP (Prelim.) | high | 0.4 | ||||||
| 8:00 | EUR | German CPI (Prelim.) | low | -0.2 | 0.5 | |||||
| 8:30 | USD | Core PCE Price Index | med | 0.1 | 0.1 | |||||
| 8:30 | USD | Personal income | med | 0.4 | 1.1 | |||||
| 8:30 | USD | Personal spending | med | 0.1 | 0.7 | |||||
| 10:00 | USD | Pending home sales | med | 1 | -0.4 | |||||
| 15:00 | USD | U.S. Treasury issues quarterly borrowing estimates | med | |||||||
After Hours Movers
Premarket Earning:
Eaton Corporation, PLC ( ETN ) is reporting for the quarter ending March 31, 2013. The machinery company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.79. This value represents a 14.13% decrease compared to the same quarter last year. The last two quarters ETN had negative earnings surprises; the latest report they missed by -10.87%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ETN is 13.55 vs. an industry ratio of 10.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Loews Corporation ( L ) is reporting for the quarter ending March 31, 2013. The insurance company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.84. This value represents a 15.15% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for L is 13.48 vs. an industry ratio of 10.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Roper Industries, Inc. ( ROP ) is reporting for the quarter ending March 31, 2013. The industrial company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.22. This value represents a 11.93% increase compared to the same quarter last year. In the past year ROP 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 ROP is 21.51 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
CNA Financial Corporation ( CNA ) is reporting for the quarter ending March 31, 2013. The insurance (property & casualty) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.71. This value represents a 15.48% decrease compared to the same quarter last year. CNA missed the consensus earnings per share in the 4th calendar quarter of 2012 by -150%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CNA is 11.38 vs. an industry ratio of 15.90.
Boardwalk Pipeline Partners L.P. ( BWP ) is reporting for the quarter ending March 31, 2013. The oil/gas company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.40. This value represents a 9.09% decrease compared to the same quarter last year. BWP missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -10.34%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BWP is 22.32 vs. an industry ratio of 33.40.
Senior Housing Properties Trust ( SNH ) is reporting for the quarter ending March 31, 2013. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.43. This value represents a 4.44% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SNH is 15.87 vs. an industry ratio of 16.60.
Extra Space Storage Inc ( EXR ) 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 $0.44. This value represents a 33.33% increase compared to the same quarter last year. In the past year EXR 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 EXR is 22.05 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Energen Corporation ( EGN ) is reporting for the quarter ending March 31, 2013. The gas distribution company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.24. This value represents a 6.77% decrease compared to the same quarter last year. The last two quarters EGN had negative earnings surprises; the latest report they missed by -15.58%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for EGN is 14.19 vs. an industry ratio of 17.90.
Armstrong World Industries Inc ( AWI ) is reporting for the quarter ending March 31, 2013. The building company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.41. This value represents a 12.77% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AWI is 21.32 vs. an industry ratio of 28.70.
Penske Automotive Group, Inc. ( PAG ) is reporting for the quarter ending March 31, 2013. The retail company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.62. This value represents a 12.73% increase compared to the same quarter last year. In the past year PAG has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.55%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for PAG is 11.79 vs. an industry ratio of 13.80.
Compass Minerals International, Inc. ( CMP ) is reporting for the quarter ending March 31, 2013. The chemical company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.11. This value represents a 25.00% decrease compared to the same quarter last year. CMP missed the consensus earnings per share in the 1st calendar quarter of 2012 by -2.63%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CMP is 19.80 vs. an industry ratio of 14.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Choice Hotels International, Inc. ( CHH ) is reporting for the quarter ending March 31, 2013. The hotel company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.27. This value represents a 20.59% decrease compared to the same quarter last year. In the past year CHH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 9.76%. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CHH is 23.05 vs. an industry ratio of 31.60.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| ACTUATE CORP BIRT | After Market Close | N/A | 0.05 | N/A |
| ADV ENERGY INDS AEIS | After Market Close | N/A | 0.17 | N/A |
| ADVENT SOFTWARE ADVS | After Market Close | N/A | 0.23 | N/A |
| AGREE RLTY CORP ADC | After Market Close | N/A | 0.50 | N/A |
| AH BELO CORP AHC | After Market Close | N/A | N/A | N/A |
| ALEXANDRIA REAL ARE | After Market Close | N/A | 1.11 | N/A |
| ALLISON TRANSMN ALSN | After Market Close | N/A | 0.21 | N/A |
| ALPHA&OMEGA SEM AOSL | After Market Close | N/A | -0.13 | N/A |
| ANADIGICS CORP ANAD | After Market Close | N/A | -0.23 | N/A |
| ARCH CAP GP LTD ACGL | After Market Close | N/A | 0.97 | N/A |
| ASSET ACCEPTNCE AACC | After Market Close | N/A | 0.18 | N/A |
| ASTEX PHARMACT ASTX | After Market Close | N/A | N/A | N/A |
| ATLANTIC TELE-N ATNI | After Market Close | N/A | 0.59 | N/A |
| BERKSHIRE HILLS BHLB | After Market Close | N/A | 0.55 | N/A |
| BRAVO BRIO RSTR BBRG | After Market Close | N/A | 0.17 | N/A |
| BRF-BRASIL FOOD BRFS | After Market Close | N/A | N/A | N/A |
| BUFFALO WLD WNG BWLD | After Market Close | N/A | 0.99 | N/A |
| CAPITALSOURCE CSE | After Market Close | N/A | 0.14 | N/A |
| CBL&ASSOC PPTYS CBL | After Market Close | N/A | 0.51 | N/A |
| COGNEX CORP CGNX | After Market Close | N/A | 0.33 | N/A |
| COMMNTY HLTH SY CYH | After Market Close | N/A | 0.85 | N/A |
| COMSTOCK RESOUR CRK | After Market Close | N/A | -0.44 | N/A |
| DANAOS CORP DAC | After Market Close | N/A | 0.09 | N/A |
| DATA I/O DAIO | After Market Close | N/A | N/A | N/A |
| DATALINK CORP DTLK | After Market Close | N/A | 0.05 | N/A |
| ERIE INDEMNITY ERIE | After Market Close | N/A | 0.73 | N/A |
| EXPRESS SCRIPTS ESRX | After Market Close | N/A | 0.98 | N/A |
| FABRINET FN | After Market Close | N/A | 0.27 | N/A |
| FIRST MARBLEHD FMD | After Market Close | N/A | -0.11 | N/A |
| GENL GRWTH PPTY GGP | After Market Close | N/A | 0.24 | N/A |
| GLADSTONE COMML GOOD | After Market Close | N/A | 0.38 | N/A |
| GULFMARK OFFSHR GLF | After Market Close | N/A | 0.05 | N/A |
| HANOVER INSURAN THG | After Market Close | N/A | 1.01 | N/A |
| HARTFORD FIN SV HIG | After Market Close | N/A | 0.83 | N/A |
| HEARTLAND FINCL HTLF | After Market Close | N/A | 0.56 | N/A |
| HEARTWARE INTL HTWR | After Market Close | N/A | -1.15 | N/A |
| HELEN OF TROY HELE | After Market Close | N/A | 0.94 | N/A |
| HERBALIFE LTD HLF | After Market Close | N/A | 1.07 | N/A |
| ICAD INC ICAD | After Market Close | N/A | -0.14 | N/A |
| INNOPHOS HLDGS IPHS | After Market Close | N/A | 0.81 | N/A |
| INTEGR DEVICE IDTI | After Market Close | N/A | -0.04 | N/A |
| INTEVAC INC IVAC | After Market Close | N/A | -0.35 | N/A |
| INTL RECTIFIER IRF | After Market Close | N/A | -0.40 | N/A |
| INVESTORS BANCP ISBC | After Market Close | N/A | 0.24 | N/A |
| J&J SNACK FOODS JJSF | After Market Close | N/A | 0.61 | N/A |
| JACOBS ENGIN GR JEC | After Market Close | N/A | 0.82 | N/A |
| KADANT INC KAI | After Market Close | N/A | 0.41 | N/A |
| KAMAN CORP A KAMN | After Market Close | N/A | 0.32 | N/A |
| KEATING CAPITAL KIPO | After Market Close | N/A | N/A | N/A |
| KONA GRILL INC KONA | After Market Close | N/A | 0.11 | N/A |
| LUMINEX CORP LMNX | After Market Close | N/A | 0.08 | N/A |
| MASCO MAS | After Market Close | N/A | 0.13 | N/A |
| MONOLITHIC PWR MPWR | After Market Close | N/A | 0.05 | N/A |
| MORGANS HOTEL MHGC | After Market Close | N/A | N/A | N/A |
| NATIONAL BK HLD NBHC | After Market Close | N/A | 0.08 | N/A |
| NEWMONT MINING NEM | After Market Close | N/A | 0.80 | N/A |
| PARTNERRE LTD PRE | After Market Close | N/A | 2.47 | N/A |
| PEREGRINE SEMI PSMI | After Market Close | N/A | -0.08 | N/A |
| PLUM CREEK TMBR PCL | After Market Close | N/A | 0.32 | N/A |
| POST PPTYS INC PPS | After Market Close | N/A | 0.70 | N/A |
| PRGX GLOBAL INC PRGX | After Market Close | N/A | 0.00 | N/A |
| QIAGEN NV QGEN | After Market Close | N/A | 0.22 | N/A |
| RIVERBED TECH RVBD | After Market Close | N/A | 0.11 | N/A |
| SBA COMM CORP SBAC | After Market Close | N/A | -0.25 | N/A |
| SEASPAN CORP SSW | After Market Close | N/A | 0.23 | N/A |
| STURM RUGER&CO RGR | After Market Close | N/A | 1.04 | N/A |
| SUNCOR ENERGY SU | After Market Close | N/A | 0.75 | N/A |
| TEXAS ROADHOUSE TXRH | After Market Close | N/A | 0.35 | N/A |
| UNIVL AMERICAN UAM | After Market Close | N/A | 0.17 | N/A |
| VISION-SCIENCES VSCI | After Market Close | N/A | N/A | N/A |
| WAUSAU PAPER CP WPP | After Market Close | N/A | -0.05 | N/A |
| WESCO AIRCRAFT WAIR | After Market Close | N/A | 0.27 | N/A |
