Market is expected to open flat higher but there will be selling pressure and market is expected to close in red. The real test will be on this Tuesday and Friday for the market direction. If the market sells off this week, expect very big correction next week.
I'll be watching TZA, TNA, GIII
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:48 | EUR | French Manufacturing PMI | low | 45.5 | 45.5 | |||||
| 3:53 | EUR | German Manufacturing PMI | med | 49 | 49 | |||||
| 3:58 | EUR | Manufacturing PMI | med | 47.8 | 47.8 | |||||
| 7:20 | USD | Fed's Williams participates in discussion before the Sveriges Riksbank "Two Decades of Inflation Targeting: Main Lessons and Remaining Challenges" conference | low | |||||||
| 8:58 | USD | Manufacturing PMI | low | 52 | 51.9 | |||||
| 10:00 | USD | ISM Manufacturing | high | 50.5 | 50.7 | |||||
| 10:00 | USD | Construction Spending | low | 1 | -1.7 | |||||
| 17:00 | USD | Vehicle Sales | low | 15.1 | 14.88 | |||||
After Hours Movers
Premarket Earning:
Cracker Barrel Old Country Store, Inc. ( CBRL ) is reporting for the quarter ending April 30, 2013. The restaurant company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.95. This value represents a 10.47% increase compared to the same quarter last year. In the past year CBRL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 15.32%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CBRL is 18.76 vs. an industry ratio of 23.60.
After Hour Earnings:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| ABM INDUSTRIES ABM | After Market Close | N/A | 0.33 | N/A |
| COLLABRX INC CLRX | After Market Close | N/A | N/A | N/A |
| G-III APPAREL GIII | After Market Close | N/A | -0.04 | N/A |
| SAIC INC SAI | After Market Close | N/A | 0.27 | N/A |
| VERINT SYSTEMS VRNT | After Market Close | N/A | 0.44 | N/A |
