Stock market is expected to open lower tomorrow. But the market direction for the rest of the day will depend on the outcome of jobless claim and US GDP at 8.30 am EST. US GDP of 1.2 or higher and Job less claim of 340k or lower will be considered positive news while below will lead to sell off.
I'll be watching AVGO, JOY, TZA.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 5:00 | EUR | Economic sentiment | med | 89.4 | 88.6 | |||||
| 5:00 | EUR | Consumer sentiment | med | -21.9 | -21.9 | |||||
| 5:00 | EUR | Industrial sentiment | med | -13 | -13.8 | |||||
| 5:00 | EUR | Business Climate Index | low | -0.85 | -0.93 | |||||
| 5:15 | EUR | ECB's Costa, Bank of Portugal Governor Gaspar speak at conference about the role of banks in financing the economy | low | |||||||
| 8:30 | USD | Initial Claims | med | 340 | 340 | |||||
| 8:30 | USD | GDP Annualised (Prelim.) | high | 2.5 | 2.5 | |||||
| 8:30 | USD | GDP Deflator (Prelim.) | low | 1.2 | 1.2 | |||||
| 8:30 | USD | Core PCE Price Index (Prelim.) | med | 1.2 | 1.2 | |||||
| 10:00 | USD | Pending home sales | med | 1.5 | 1.5 | |||||
| 20:00 | 163rd (Ordinary) OPEC meeting in Vienna | med | ||||||||
After Hours Movers
Premarket Earning:
Costco Wholesale Corporation ( COST ) is reporting for the quarter ending May 31, 2013. The discount retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.02. This value represents a 15.91% increase compared to the same quarter last year. In the past year COST 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 COST is 25.24 vs. an industry ratio of 19.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Canadian Imperial Bank of Commerce ( CM ) is reporting for the quarter ending April 30, 2013. The bank (foreign) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.04. This value represents a 4.62% increase compared to the same quarter last year. In the past year CM has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 49 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CM is 9.34 vs. an industry ratio of 11.30.
Joy Global Inc. ( JOY ) is reporting for the quarter ending April 30, 2013. The machinery company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.55. This value represents a 24.02% decrease compared to the same quarter last year. JOY missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -5.79%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for JOY is 8.85 vs. an industry ratio of 14.50.
Big Lots, Inc. ( BIG ) is reporting for the quarter ending April 30, 2013. The discount retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.63. This value represents a 7.35% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BIG is 12.08 vs. an industry ratio of 19.10.
Express, Inc. ( EXPR ) is reporting for the quarter ending April 30, 2013. The retail (shoe) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.36. This value represents a 23.40% decrease compared to the same quarter last year. EXPR missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.08%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for EXPR is 12.52 vs. an industry ratio of 15.80.
Sanderson Farms, Inc. ( SAFM ) is reporting for the quarter ending April 30, 2013. The meat product company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.86. This value represents a 17.31% decrease compared to the same quarter last year. SAFM missed the consensus earnings per share in the 1st calendar quarter of 2013 by -342.86%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SAFM is 14.73 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The Descartes Systems Group Inc. ( DSGX ) is reporting for the quarter ending April 30, 2013. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.15. This value represents a 50.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DSGX is 18.16 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Fred's, Inc. ( FRED ) is reporting for the quarter ending April 30, 2013. The discount retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.28. This value represents a no change for the same quarter last year. The last two quarters FRED had negative earnings surprises; the latest report they missed by -5.26%. The "days to cover" for this stock exceeds 26 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for FRED is 18.61 vs. an industry ratio of 19.10.
Modine Manufacturing Company ( MOD ) is reporting for the quarter ending March 31, 2013. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.17. This value represents a 50.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for MOD is 24.41 vs. an industry ratio of 16.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Yingli Green Energy Holding Company Limited ( YGE ) is reporting for the quarter ending March 31, 2013. The solar company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.45. This value represents a 80.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for YGE is -2.27 vs. an industry ratio of -44.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Frontline Ltd. ( FRO ) is reporting for the quarter ending March 31, 2013. The shipping company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.48. This value represents a 366.67% decrease compared to the same quarter last year. FRO missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -34.04%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FRO is -1.25 vs. an industry ratio of -19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
dELIA*s Inc. ( DLIA ) is reporting for the quarter ending April 30, 2013. The mail order retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.07. This value represents a 50.00% increase compared to the same quarter last year. In the past year DLIA Zacks Investment Research reports that the 2014 Price to Earnings ratio for DLIA is -8.55 vs. an industry ratio of 5.80.
After Hour Earnings:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| BLUEPHOENIX SOL BPHX | After Market Close | N/A | N/A | N/A |
| COPART INC CPRT | After Market Close | N/A | 0.50 | N/A |
| ENVIVIO INC ENVI | After Market Close | N/A | -0.17 | N/A |
| ESTERLINE TECHN ESL | After Market Close | N/A | 1.27 | N/A |
| GUESS INC GES | After Market Close | N/A | 0.08 | N/A |
| KRISPY KREME KKD | After Market Close | N/A | 0.16 | N/A |
| LIONS GATE ETMT LGF | After Market Close | N/A | 0.45 | N/A |
| MGC DIAGNOSTICS MGCD | After Market Close | N/A | N/A | N/A |
| OMNIVISION TECH OVTI | After Market Close | N/A | 0.08 | N/A |
| PALL CORP PLL | After Market Close | N/A | 0.73 | N/A |
| PALO ALTO NETWK PANW | After Market Close | N/A | -0.01 | N/A |
| QAD INC QADB | After Market Close | N/A | 0.07 | N/A |
| QAD INC-A QADA | After Market Close | N/A | N/A | N/A |
| SPLUNK INC SPLK | After Market Close | N/A | -0.12 | N/A |
| UROPLASTY INC UPI | After Market Close | N/A | -0.04 | N/A |
