Premarket Report For June 5th: AMBA, ADNC, OPAY, SHFL, PLUS, BV, BOBE, KBH, CYBX, HOV, THR, CVGW, LAYN, STRM, RUE, UHAL, ASNA, VRA, PAY

Stock market is expected to open flat lower tomorrow. The much needed red day on Tuesday and Friday has happened, which means market is now ready for correction. We'll need the second confirmation of correction, on this Friday if it can close in red by 100 points otherwise the market is still very bullish and any dip is buying opportunity.

I'll be watching AMBA, MFRM, SCSS, SHFL.

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				2:00	EUR	EU Commissioner Almunia takes part in European Australian Business Event	low
				2:00	EUR	EU Commissioner Barnier speaks at conference on Financial Inclusion	low
				2:00	EUR	EU's Barnier takes part in presentation of "Schuman Report - The State of the Union in 2013"	low
				3:48	EUR	French Services PMI	med		44.3	44.3
				3:53	EUR	German Services PMI	med		49.8	49.8
				3:58	EUR	Composite PMI	med		47.7	47.7
				3:58	EUR	Services PMI	med		47.5	47.5
				5:00	EUR	GDP (2nd Est.)	med		-0.2	-0.2
				5:00	EUR	GDP (2nd Est.)	med		-1	-1
				5:00	EUR	Retail Trade	high		-0.2	-0.1
				5:00	EUR	Retail Trade	high		-0.8	-2.4
				5:15	EUR	EU President Van Rompuy meets Australia Governor-General Bryce	low
				6:00	EUR	European Commission rules on Latvia's Eligibility to Adopt Euro	med
				8:15	USD	ADP Employment Survey	med		165	119
				8:30	USD	Unit labour costs (Final)	low		0.5	0.5
				8:30	USD	Non Farm Productivity (Final)	low		0.6	0.7
				8:30	EUR	EC President Barroso and Spanish PM Rajoy brief press in Brussels	med
				10:00	USD	Ism non-manufacturing	high		53.5	53.1
				10:00	USD	Factory orders	med		1.5	-4.9
				14:00	USD	Beige Book released	low
				20:00	EUR	Helsinki Economic Ideas Forum (to 07 Jun), Speaker include EU Commissioners Rehn, Barnier and Hahn and ECB's Liikanen	med
				20:00	USD	Fed's Raskin speaks on "The Case for Timely Implementation of Revised Capital Rules" before the Ohio Bankers Day conference	low
				20:00	EUR	EC President Barroso and Commissioners Tajani and Barnier to speak at the European Industrial Policy conference	low

After Hours Movers

Top Gaining Stocks Price %Change AMBA Ambarella Inc. 17.99 11.12% ADNC Audience Inc. 14.75 8.46% OVAS Ovascience Inc. 14.50 8.21% OPAY Official Payments ... 6.91 5.66% SHFL Shfl entertainment... 18.25 5.07% PLUS eplus inc. 53.50 4.86% BV Bazaarvoice Inc. 8.30 4.67% FBN Furniture Brands I... 4.59 4.08% MFRM Mattress Firm Hold... 39.08 4.05% NCV Allianzgi Converti... 9.81 3.92% BKMU Bank Mutual Corpor... 5.85 3.91% BOBE Bob Evans Farms In... 47.78 3.87% MNI Mcclatchy Co. Cl A... 2.47 3.68% PKD Parker Drilling Co... 4.41 3.37% KBH KB Home 21.15 3.19% GNRC Generac Holdings 40.76 3.14% RLJ Rlj Lodging Trust ... 23.65 3.05% STML Stemline Therapeut... 16.37 3.04% GV Goldfield Corp. 2.52 2.86% PBYI Puma Biotechnology... 37.32 2.79%

Top Losing Stocks Price %Change NURO Neurometrix Inc. 2.25 -13.46% RNDY Roundys 6.77 -11.15% MIND Mitcham Industries... 15.99 -6.16% GA Giant Interactive ... 8.00 -5.88% BAP Credicorp Ltd. 132.62 -5.31% ALOG Analogic Corporati... 76.50 -4.74% AFOP Alliance Fiber Opt... 19.50 -3.56% FRA Blackrock Floating... 15.55 -3.30% MGM Mgm Resorts Intern... 14.53 -3.20% GPRE Green Plains Renew... 15.20 -3.06% NVGN Novogen Limited 4.93 -2.95% RWXL Ubs AG 32.51 -2.84% PVA Penn Virginia Corp... 4.61 -2.79% MKTG Responsys Inc. 10.25 -2.66% JASO JA Solar Holdings ... 7.40 -2.63% ASBC Associated Banc-co... 14.81 -2.50% JDSU Jds Uniphase Corpo... 13.00 -2.40% VOCS Vocus Inc. 8.64 -2.37% KR Kroger Co. 33.17 -2.30% OSH Orchard Supply Har... 2.99 -2.29%

Premarket Earning:

Brown Forman Corporation (BF/B) is reporting for the quarter ending April 30, 2013. The alcohol company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.46. This value represents a 6.12% decrease compared to the same quarter last year. BF/B missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -3.92%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BF/B is 25.46 vs. an industry ratio of 21.60, implying that they will have a higher earnings growth than their competitors in the same industry. 

Cyberonics, Inc. ( CYBX ) is reporting for the quarter ending April 30, 2013. The medical instruments company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.43. This value represents a 13.16% increase compared to the same quarter last year. In the past year CYBX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 23.68%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CYBX is 28.08 vs. an industry ratio of -251.20, implying that they will have a higher earnings growth than their competitors in the same industry. 

Hovnanian Enterprises Inc ( HOV ) is reporting for the quarter ending April 30, 2013. The building (residential/commercial) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.05. This value represents a 73.68% increase compared to the same quarter last year. HOV missed the consensus earnings per share in the 1st calendar quarter of 2013 by -66.67%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HOV is 67.22 vs. an industry ratio of 25.40, implying that they will have a higher earnings growth than their competitors in the same industry. 

Thermon Group Holdings, Inc. ( THR ) is reporting for the quarter ending March 31, 2013. The industrial company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.25. This value represents a 19.05% increase compared to the same quarter last year. The last two quarters THR had negative earnings surprises; the latest report they missed by -14.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for THR is 20.92 vs. an industry ratio of 9.70, implying that they will have a higher earnings growth than their competitors in the same industry. 

Calavo Growers, Inc. ( CVGW ) is reporting for the quarter ending April 30, 2013. The agriculture company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.39. This value represents a 30.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 19 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CVGW is 20.27 vs. an industry ratio of -33.30, implying that they will have a higher earnings growth than their competitors in the same industry. 

Layne Christensen Company ( LAYN ) is reporting for the quarter ending April 30, 2013. The engineering company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.05. This value represents a 126.32% decrease compared to the same quarter last year. LAYN missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -40.48%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for LAYN is 21.25 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry. 

Streamline Health Solutions, Inc. ( STRM ) is reporting for the quarter ending April 30, 2013. The medical information systems company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.13. This value represents a 218.18% decrease compared to the same quarter last year. STRM missed the consensus earnings per share in the 4th calendar quarter of 2012 by -800%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for STRM is -68.60 vs. an industry ratio of 24.10. 

After Hour Earning:

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
AMERCO INC  UHAL	After Market Close	N/A	1.40	N/A
ASCENA RETAIL  ASNA	After Market Close	N/A	0.31	N/A
COLDWATER CREEK  CWTR	After Market Close	N/A	-0.76	N/A
DOMINION DIAMND  DDC	After Market Close	N/A	0.15	N/A
FRANCESCAS HLDG  FRAN	After Market Close	N/A	0.26	N/A
FUELCELL ENERGY  FCEL	After Market Close	N/A	-0.04	N/A
GREIF INC  GEF	After Market Close	N/A	0.69	N/A
JIAYUAN.COM INT  DATE	After Market Close	N/A	0.04	N/A
MEASUREMNT SPCL  MEAS	After Market Close	N/A	0.49	N/A
NORDION INC  NDZ	After Market Close	N/A	N/A	N/A
RUE21 INC  RUE	After Market Close	N/A	0.45	N/A
VERA BRADLEY  VRA	After Market Close	N/A	0.22	N/A
VERIFONE HLDGS  PAY	After Market Close	N/A	0.39	N/A