Stock market is expected to open lower tomorrow, eventhough its ECB finet tuning day, but at the same time don't be surprised if market rallies in the middle of day for no reason. This market cannot have correction unless it open lows on Tuesday and closes in red atleast 100 point down. Tomorrow, its also a day when European bank will make LTRO repayment which is why market should ideally open low. Check back later for resistance level of important stocks.
I'll be watching HUM, GIII, MKC, EDAP
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:48 | EUR | French Manufacturing PMI | low | 43.9 | 43.9 | |||||
| 3:53 | EUR | German Manufacturing PMI | med | 48.9 | 48.9 | |||||
| 3:58 | EUR | Manufacturing PMI | med | 46.6 | 46.6 | |||||
| 5:00 | EUR | Unemployment | med | 12 | 11.9 | |||||
| 8:00 | EUR | German CPI (Prelim.) | low | 1.3 | 1.5 | |||||
| 8:00 | EUR | German HICP (Prelim.) | high | 1.7 | 1.8 | |||||
| 8:00 | EUR | German CPI (Prelim.) | low | 0.4 | 0.6 | |||||
| 8:00 | EUR | German HICP (Prelim.) | high | 0.3 | 0.8 | |||||
| 10:00 | USD | Factory orders | med | 2.5 | -2 | |||||
| 10:00 | USD | IBD consumer optimism | med | 42.2 | ||||||
| 12:30 | EUR | ECB Governing Council member Coeure to speak at Peterson event | low | |||||||
| 13:00 | USD | Fed's Kocherlakota speaks on "Improving the outlook with better monetary policy" in North Dakota | low | |||||||
| 13:30 | USD | Fed's Lockhart speaks on the economic outlook at the Kiwanis Club of Birmingham | low | |||||||
| 17:00 | USD | Vehicle Sales | low | 15.3 | 15.33 | |||||
| 19:30 | USD | Fed's Evans and Lacker participate in panel "Monetary Policy: Opportunities and Limits" before the Virginia Commonwealth University 2013 Spring Investors Circle | low | |||||||
| 20:00 | USD | Fed's Bullard to Introduce Lecture in St. Louis | low | |||||||
After Hours Movers
Premarket Earning:
McCormick & Company, Incorporated ( MKC ) is reporting for the quarter ending February 28, 2013. The food company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.56. This value represents a 1.82% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for MKC is 22.91 vs. an industry ratio of 22.10, implying that they will have a higher earnings growth than their competitors in the same industr.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| GALAXY GAMING GLXZ | After Market Close | N/A | N/A | N/A |
| G-III APPAREL GIII | After Market Close | N/A | 0.41 | N/A |
| GLOBAL PAYMENTS GPN | After Market Close | N/A | 0.88 | N/A |
| OXFORD INDS INC OXM | After Market Close | N/A | 0.69 | N/A |
| RESOURCES CNCTN RECN | After Market Close | N/A | 0.11 | N/A |
