Stock market is expected to open lower on Monday. As there is no economic data out, its expected to be very thin volume day. Fed Pomo operation begins after 10.15 am EST and its going to print 1.5B for the market. S&P500, Dow Jones charts is having negative divergence and we can expect big correction in coming days.
S&P500 is expected to open lower on Monday. |
I'll be watching KYTH, SHLM, AZZ, AA, UVXY and AAPL
Economic Calendar:
Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
---|---|---|---|---|---|---|---|---|---|---|
4:30 | EUR | Sentix Indicator | med | -12.8 | -10.6 | |||||
6:00 | EUR | German Industrial Production | med | 0.2 | ||||||
6:00 | EUR | German Industrial Production | med | -1.1 | -1.3 | |||||
8:30 | USD | Fed's Pianalto speaks on "The Federal Reserve's role in supporting the U.S. economy" at the International Economic Forum of the Americas | low | |||||||
12:00 | EUR | European Stability Mechanism Managing Director Regling speaks at the FDEF conference on "Is the Euro Crisis Over?" in Luxembourg | low | |||||||
19:15 | USD | Fed Chairman Bernanke to give speech to the Federal Reserve Bank of Atlanta 2013 Financial Markets Conference | low | |||||||
20:00 | EUR | EBA Management Board meeting | low | |||||||
21:30 | CNY | Chinese CPI | high | 2.5 | 3.2 | |||||
21:30 | CNY | Chinese PPI | med | -1.8 | -1.6 |
After Hours Movers
Premarket Earning:
AZZ Incorporated ( AZZ ) is reporting for the quarter ending February 28, 2013. The electrical instrument company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.49. This value represents a 19.51% increase compared to the same quarter last year. AZZ missed the consensus earnings per share in the 4th calendar quarter of 2012 by -1.64%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AZZ is 20.85 vs. an industry ratio of 15.30, implying that they will have a higher earnings growth than their competitors in the same industry.
After Hour Earning:
Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
---|---|---|---|---|
ALCOA INC AA | After Market Close | N/A | 0.10 | N/A |
ANGIODYNAMICS ANGO | After Market Close | N/A | 0.05 | N/A |
MISTRAS GROUP MG | After Market Close | N/A | 0.17 | N/A |
SCHULMAN(A) INC SHLM | After Market Close | N/A | 0.40 | N/A |