Stock market is expected to open flat lower tomorrow. The much needed red close on Tuesday and Friday has happened. Tomorrow ECB Draghi and Jobless claim will move the market but the most important day is this Friday which will decide the direction of the market in coming days.
I'll be watching TITN, CIEN, VVUS
Economic Calendar:
I'll be watching TITN, CIEN, VVUS
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 1:30 | EUR | French ILO Unemployment Rate | low | 10.9 | 10.6 | |||||
| 2:00 | EUR | Helsinki Economic Ideas Forum (to 07 Jun), Speaker include EU Commissioners Rehn, Barnier and Hahn and ECB's Liikanen | med | |||||||
| 2:00 | EUR | EC President Barroso and Commissioners Tajani and Barnier to speak at the European Industrial Policy conference | low | |||||||
| 6:00 | EUR | German Factory orders (nsa) | med | 0.9 | -0.4 | |||||
| 6:00 | EUR | German Factory orders (sa) | med | -1 | 2.2 | |||||
| 7:45 | EUR | ECB - Interest Rate | high | 0.5 | 0.5 | |||||
| 8:00 | USD | Fed's Plosser gives lecture on "Too Big to Fail" before the Eighth Annual Finance Conference | low | |||||||
| 8:30 | EUR | ECB President Draghi gives press conference following interest rate announcement | high | |||||||
| 8:30 | USD | Initial Claims | med | 345 | 354 | |||||
| 10:30 | IMF's Rice holds usual press briefing | low | ||||||||
After Hours Movers
Premarket Earning:
J.M. Smucker Company ( SJM ) is reporting for the quarter ending April 30, 2013. The food company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.15. This value represents a 4.55% increase compared to the same quarter last year. In the past year SJM 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 SJM is 19.66 vs. an industry ratio of 5.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Ferrellgas Partners, L.P. ( FGP ) is reporting for the quarter ending April 30, 2013. The oil refining company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.47. This value represents a 74.07% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FGP is 29.12 vs. an industry ratio of 34.50.
CIENA Corporation ( CIEN ) is reporting for the quarter ending April 30, 2013. The fiber optics company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.10. This value represents a 150.00% decrease compared to the same quarter last year. CIEN missed the consensus earnings per share in the 4th calendar quarter of 2012 by -14.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CIEN is 164.80 vs. an industry ratio of 41.40, implying that they will have a higher earnings growth than their competitors in the same industry.
UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending April 30, 2013. The transportation services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.03. This value represents a 78.57% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for UTIW is 28.92 vs. an industry ratio of 44.10.
Conn's, Inc. ( CONN ) is reporting for the quarter ending April 30, 2013. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.56. This value represents a 60.00% increase compared to the same quarter last year. In the past year CONN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CONN is 19.48 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
ANN INC. ( ANN ) is reporting for the quarter ending April 30, 2013. The retail (shoe) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.42. This value represents a 27.59% decrease compared to the same quarter last year. In the past year ANN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ANN is 14.55 vs. an industry ratio of -42.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Jos. A. Bank Clothiers, Inc. ( JOSB ) is reporting for the quarter ending April 30, 2013. The retail (shoe) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.29. This value represents a 45.28% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for JOSB is 14.28 vs. an industry ratio of -42.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Bio-Reference Laboratories, Inc. ( BRLI ) is reporting for the quarter ending April 30, 2013. The medical/dental supplies company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.40. This value represents a 21.21% increase compared to the same quarter last year. In the past year BRLI has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 29 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BRLI is 17.03 vs. an industry ratio of 1.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Titan Machinery Inc. ( TITN ) is reporting for the quarter ending April 30, 2013. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.03. This value represents a 108.33% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for TITN is 11.43 vs. an industry ratio of 13.40.
Met-Pro Corporation ( MPR ) is reporting for the quarter ending April 30, 2013. The pollution control company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.15. This value represents a 36.36% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MPR is 19.84 vs. an industry ratio of 7.90, implying that they will have a higher earnings growth than their competitors in the same industry.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| COMTECH TELECOM CMTL | After Market Close | N/A | 0.04 | N/A |
| COOPER COS COO | After Market Close | N/A | 1.37 | N/A |
| IDT CORP-CL B IDT | After Market Close | N/A | N/A | N/A |
| MAD CATZ INTER MCZ | After Market Close | N/A | N/A | N/A |
| QUIKSILVER INC ZQK | After Market Close | N/A | 0.04 | N/A |
| RALLY SOFTWARE RALY | After Market Close | N/A | -1.15 | N/A |
| REALD INC RLD | After Market Close | N/A | -0.20 | N/A |
| SEACHANGE INTL SEAC | After Market Close | N/A | 0.01 | N/A |
| THOR INDS INC THO | After Market Close | N/A | 0.89 | N/A |
| VAIL RESORTS MTN | After Market Close | N/A | 2.76 | N/A |
