Stock market is expected to open higher tomorrow because its ECB fine tuning day and Fed is printing 1.25 B to 1.75B Market will only correct if it can open low and close by 100 point on Tuesday and Friday.
I'll be watching TIF, CSIQ
Economic Calendar:
I'll be watching TIF, CSIQ
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | German Import price index | low | -2.3 | -2.3 | |||||
| 2:00 | EUR | German Import Price Index | low | -0.4 | -0.1 | |||||
| 2:45 | EUR | French INSEE Consumer Confidence | low | 85 | 84 | |||||
| 4:00 | EUR | BoF Governor Noyer holds news conference on economic situation in France | med | |||||||
| 4:30 | EUR | EU Competition Commissioner Almunia speaks to European Parliament in Brussels | low | |||||||
| 8:00 | EUR | ECB Executive Board Member Asmussen speaks at Boring Banking Conference | low | |||||||
| 8:00 | EUR | EU President Van Rompuy and Commision President Barroso speak to Parliament on outcome of summit | low | |||||||
| 9:00 | USD | S&P Case-Shiller Home Price | med | 10.2 | 9.32 | |||||
| 10:00 | USD | Consumer confidence | high | 71 | 68.1 | |||||
| 20:00 | USD | Former Fed Chairman Volcker speaks to the Economic Club of New York | low | |||||||
| 20:00 | EUR | EU makes annual economic policy recommendations | low | |||||||
Friday After Hours Mover:
After Hours Movers
Premarket Earnings:
Bank of Nova Scotia ( BNS ) 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 $1.21. This value represents a 5.22% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BNS is 11.45 vs. an industry ratio of 11.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Seadrill Limited ( SDRL ) is reporting for the quarter ending March 31, 2013. The oil & gas drilling company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.60. This value represents a 16.67% decrease compared to the same quarter last year. The last two quarters SDRL had negative earnings surprises; the latest report they missed by -93.65%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SDRL is 13.73 vs. an industry ratio of 14.60.
Tiffany & Co. ( TIF ) is reporting for the quarter ending April 30, 2013. The jewelry retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.53. This value represents a 17.19% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for TIF is 22.02 vs. an industry ratio of 24.80.
Star Bulk Carriers Corp. ( SBLK ) is reporting for the quarter ending March 31, 2013. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.09. This value represents a 110.00% decrease compared to the same quarter last year. In the past year SBLK has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 108.51%. The "days to cover" for this stock exceeds 10 days.The days to cover, as reported in the 4/30/2013 short interest update, increased 167.30% from previous report on 4/15/2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SBLK is -13.68 vs. an industry ratio of 24.20.
After Hour Earnings:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| BOOKS-A-MILLION BAMM | After Market Close | N/A | N/A | N/A |
| ENERSYS INC ENS | After Market Close | N/A | 0.78 | N/A |
| GLOBUS MARITIME GLBS | After Market Close | N/A | N/A | N/A |
| GUIDEWIRE SFTWR GWRE | After Market Close | N/A | -0.09 | N/A |
| PERFECT WORLD PWRD | After Market Close | N/A | 0.48 | N/A |
| PREMIER EXHIBIT PRXI | After Market Close | N/A | N/A | N/A |
| SOC QUIMICA MIN SQM | After Market Close | N/A | 0.62 | N/A |
| UTD NATURAL FDS UNFI | After Market Close | N/A | 0.63 | N/A |
| WET SEAL INC -A WTSL | After Market Close | N/A | 0.00 | N/A |
