Get ready for the most important day of this month. Its Job report day and also test of 50 ma on Dow jones and S&P500. Both this index dropped and tested 50 ma for the first time in 5 month. If the job report is extremely bad or extremely positive then stock will rally. But if the report comes below 150k and above 100k then its negative news and we may see sell off and test of 50 ma again.
I'll be watching QCOR, RLD, GPS
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | German Trade Balance | med | 17 | 18.8 | |||||
| 2:00 | EUR | German Current Account (nsa) | low | 13 | 20.2 | |||||
| 2:45 | EUR | French Trade Balance | low | -4.5 | -4.7 | |||||
| 4:00 | EUR | EU Commissioners Rehn (08:15) and Barnier (09:45) speak at conference hosted by the Center for European Studies "From Reform to Growth: A Roadmap for Europe" | low | |||||||
| 6:00 | EUR | German Industrial Production | med | 1.2 | ||||||
| 6:00 | EUR | German Industrial Production | med | -0.7 | -2.5 | |||||
| 7:50 | EUR | EU President Van Rompuy speaks in Utrecht | low | |||||||
| 8:30 | USD | Private Payrolls | med | 177 | 176 | |||||
| 8:30 | USD | Unemployment | high | 7.5 | 7.5 | |||||
| 8:30 | USD | Non-farm Payrolls | high | 165 | 165 | |||||
| 15:00 | USD | Consumer Credit | med | 13.3 | 7.97 | |||||
| 20:00 | CNY | Chinese Imports | med | 6.9 | 16.8 | |||||
| 20:00 | CNY | Chinese Trade Balance | high | 19.1 | 18.16 | |||||
| 20:00 | CNY | Chinese Exports | med | 7.1 | 14.7 | |||||
| 20:00 | CNY | Chinese Money Supply M2 (8th-15th) | low | 16.1 | ||||||
| 20:00 | CNY | Chinese New Yuan Loans (8th-15th) | med | 0.79 | ||||||
After Hours Movers
Premarket Earning:
Mobile TeleSystems ( MBT ) is reporting for the quarter ending March 31, 2013. The wireless (non-us) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.46. This value represents a 11.54% decrease compared to the same quarter last year. In the past year MBT and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for MBT is 9.08 vs. an industry ratio of 10.50.
Quanex Building Products Corporation ( NX ) is reporting for the quarter ending April 30, 2013. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.05. This value represents a 16.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for NX is 122.33 vs. an industry ratio of 21.50, implying that they will have a higher earnings growth than their competitors in the same industry.
JinkoSolar Holding Company Limited ( JKS ) is reporting for the quarter ending March 31, 2013. The solar company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-1.66. This value represents a 29.66% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for JKS is -1.52 vs. an industry ratio of -42.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Monday Premarket Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| TRIANGLE PETROL TPLM | Before Open | N/A | 0.05 | N/A |
| OIL DRI CORP AM ODC | Before Open | N/A | N/A | N/A |
| KMG CHEMICALS KMG | Before Open | N/A | 0.23 | N/A |
| CAMELOT INF-ADS CIS | Before Open | N/A | N/A | N/A |
| AMIRA NATURE FD ANFI | Before Open | N/A | 0.24 | N/A |
