It was ECB fine tuning day and today stock market opened higher and rallied in the middle of the day and justified one cannot fight ECB or FED. Remember, this market will not correct, unless it opens low on Tuesday and closes in red by atleast 100 point. Based on the chart, tomorrow market should open flat lower. Below 14645 in Dow jones industrial average and 1568 on S&P500 is temporary bearish zone.
There are few economic data that will be out but as we have seen, no data matters to this market.
I'll be watching, CALL long, GPN short, RPRX, MCP.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 5:00 | EUR | HICP (Flash) | high | 1.6 | 1.8 | |||||
| 8:15 | USD | ADP Employment Survey | med | 200 | 198 | |||||
| 10:00 | USD | Ism non-manufacturing | high | 55.6 | 56 | |||||
| 15:30 | USD | Fed's Williams speaks on the economic outlook and monetary policy before the Town Hall in Los Angeles | low | |||||||
After Hours Movers
Premarket Earning:
Monsanto Company ( MON ) is reporting for the quarter ending February 28, 2013. The agriculture company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.55. This value represents a 11.84% increase compared to the same quarter last year. In the past year MON 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 MON is 23.25 vs. an industry ratio of 10.80, implying that they will have a higher earnings growth than their competitors in the same industry.
ConAgra Foods, Inc. ( CAG ) is reporting for the quarter ending February 28, 2013. The food company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.57. This value represents a 11.76% increase compared to the same quarter last year. In the past year CAG has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.64%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CAG is 16.57 vs. an industry ratio of 21.90.
Acuity Brands Inc ( AYI ) is reporting for the quarter ending February 28, 2013. The building company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.62. This value represents a 8.77% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AYI is 21.27 vs. an industry ratio of 6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Conn's, Inc. ( CONN ) is reporting for the quarter ending January 31, 2013. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.54. This value represents a 58.82% increase compared to the same quarter last year. In the past year CONN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 40.74%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CONN is 21.51 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Schnitzer Steel Industries, Inc. ( SCHN ) is reporting for the quarter ending February 28, 2013. The steel company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.24. This value represents a 31.43% decrease compared to the same quarter last year. SCHN 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 SCHN is 26.63 vs. an industry ratio of 4.60, implying that they will have a higher earnings growth than their competitors in the same industry.
OMNOVA Solutions Inc. ( OMN ) is reporting for the quarter ending February 28, 2013. The chemical company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.12. This value represents a 45.45% decrease compared to the same quarter last year. The last two quarters OMN had negative earnings surprises; the latest report they missed by -50%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for OMN is 11.35 vs. an industry ratio of 13.70.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| DOMINION DIAMND DDC | After Market Close | N/A | 0.23 | N/A |
| HARRY WINSTON HWD | After Market Close | N/A | 0.26 | N/A |
| MITCHAM INDS MIND | After Market Close | N/A | 0.39 | N/A |
| NATL AMER UNIV NAUH | After Market Close | N/A | 0.09 | N/A |
