Stock market is expected to open flat red tomorrow. As expected today market rallied on no news, because it was ECB fine tuning. This market will not correct until it starts to open low and close in red on Tuesday and Friday. Fed fomc minute will be released at 2 pm. Watch Gold and silver stock like GLD, SLV, AGQ, GLL, ZSL, NUGT, DUST, DJX.
For day trading, I'll be watching TITN, FAST, FDO, FSLR.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:45 | EUR | French Industrial Production | med | 0.2 | -1.2 | |||||
| 2:45 | EUR | French Industrial Production | med | -3.9 | -3.5 | |||||
| 2:45 | EUR | French Manufacturing Production | low | -2.8 | -4.5 | |||||
| 2:45 | EUR | French Manufacturing Production | low | 0.2 | -1.4 | |||||
| 8:20 | USD | Fed's Lockhart gives welcome back remarks and closing remarks (16:00 GMT) before the Federal Reserve Bank of Atlanta Financial Markets conference | low | |||||||
| 12:10 | IMF Managing Director Lagarde speaks on the state of the global economy, challenges and risks to the Economic Club of New York | low | ||||||||
| 14:00 | USD | Budget | med | -107 | -203.54 | |||||
| 14:00 | USD | Fed releases minutes from previous (19-20 Mar) meeting | med | |||||||
| 17:00 | USD | Fed's Fisher speaks on "An Economic and Monetary Policy Outlook" before the University of Texas | low | |||||||
| 20:00 | EUR | EU Commissioner Almunia speaks at the community development conference in Washington | low | |||||||
| 20:00 | EUR | EU Commissioner Barnier participates in the April Monitoring Board meeting of the International Accounting Standards Board in London | low | |||||||
After Hours Movers
Premarket Earning:
Progressive Corporation ( PGR ) is reporting for the quarter ending March 31, 2013. The insurance (property & casualty) company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.44. This value represents a 4.76% increase compared to the same quarter last year. PGR missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -25.93%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for PGR is 17.09 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Fastenal Company ( FAST ) is reporting for the quarter ending March 31, 2013. The building company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.37. This value represents a 8.82% increase compared to the same quarter last year. In the past year FAST has met analyst expectations three times and beat the expectations the other quarter. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FAST is 30.66 vs. an industry ratio of 20.60, implying that they will have a higher earnings growth than their competitors in the same industry.
CarMax Inc ( KMX ) is reporting for the quarter ending February 28, 2013. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.45. This value represents a 9.76% increase compared to the same quarter last year. KMX missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -7.69%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for KMX is 22.78 vs. an industry ratio of 11.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Constellation Brands Inc ( STZ ) is reporting for the quarter ending February 28, 2013. The alcohol company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.45. This value represents a 34.78% decrease compared to the same quarter last year. In the past year STZ has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 14.55%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for STZ is 22.28 vs. an industry ratio of 21.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Family Dollar Stores, Inc. ( FDO ) is reporting for the quarter ending February 28, 2013. The discount retail company's consensus earnings per share forecast from the 20 analysts that follow the stock is $1.22. This value represents a 6.09% increase compared to the same quarter last year. FDO missed the consensus earnings per share in the 4th calendar quarter of 2012 by -6.76%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FDO is 14.92 vs. an industry ratio of 21.30.
MSC Industrial Direct Company, Inc. ( MSM ) is reporting for the quarter ending February 28, 2013. The industrial services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.90. This value represents a 5.26% decrease compared to the same quarter last year. MSM missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -0.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for MSM is 20.10 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Titan Machinery Inc. ( TITN ) is reporting for the quarter ending January 31, 2013. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.91. This value represents a 8.33% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TITN is 12.00 vs. an industry ratio of 13.50.
API Technologies Corp. ( ATNY ) is reporting for the quarter ending February 28, 2013. The military company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.08. This value represents a 366.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ATNY is -49.20 vs. an industry ratio of -14.00.
JinkoSolar Holding Company Limited ( JKS ) is reporting for the quarter ending March 31, 2013. The solar company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-1.17. This value represents a 50.42% increase compared to the same quarter last year. Zacks Investment Research reports that the Price to Earnings ratio for JKS is 0.00 vs. an industry ratio of -5.60, implying that they will have a higher earnings growth than their competitors in the same industry.
After Hour Earning
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| APOGEE ENTRPRS APOG | After Market Close | N/A | 0.19 | N/A |
| BED BATH&BEYOND BBBY | After Market Close | N/A | 1.68 | N/A |
| CHINA HYDRO-ADS CHC | After Market Close | N/A | N/A | N/A |
| NOVAGOLD RSRCS NG | After Market Close | N/A | -0.03 | N/A |
| RICHARDSON ELEC RELL | After Market Close | N/A | 0.06 | N/A |
| RUBY TUESDAY RT | After Market Close | N/A | 0.10 | N/A |
Thursday Premarket Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| SEMILEDS CORP LEDS | Before Open | N/A | -0.27 | N/A |
| RITE AID CORP RAD | Before Open | N/A | 0.00 | N/A |
| PIER 1 IMPORTS PIR | Before Open | N/A | 0.60 | N/A |
| NORTHERN TECH NTIC | Before Open | N/A | 0.15 | N/A |
| IGATE CORP IGTE | Before Open | N/A | 0.38 | N/A |
| GIGAMEDIA LTD GIGM | Before Open | N/A | N/A | N/A |
| COMMERCE BANCSH CBSH | Before Open | N/A | 0.68 | N/A |
