The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before Market Opens
Economics:
7:30am ESTChallenger Job Cuts - no Street consensus8:15am ESTADP Employment Change - Street sees (30K)Earnings:
Agilysys, Inc. (NASDAQ: AGYS) - consensus EPS $0.33
Alvarion (NASDAQ: ALVR) - consensus EPS $0.00
Ameristar Casinos (NASDAQ: ASCA) - consensus EPS $0.13
ATMI (NASDAQ: ATMI) - consensus EPS $0.19
AudioCodes Ltd. (NASDAQ: AUDC) - consensus EPS $0.06
Beacon Roofing Supply Inc. (NASDAQ: BECN) - consensus EPS $0.18
Carlisle Companies (NYSE: CSL) - consensus EPS $0.31
Comcast Corporation (NASDAQ: CMCSA) - consensus EPS $0.27
CommVault (NASDAQ: CVLT) - consensus EPS $0.18
Consolidated Graphics (NYSE: CGX) - consensus EPS $0.42
Forestar Group, Inc. (NYSE: FOR) - consensus EPS $0.00
Headwaters Inc. (NYSE: HW) - consensus loss $0.15
Health Net, Inc. (NYSE: HNT) - consensus EPS $0.67
International Paper Co. (NYSE: IP) - consensus EPS $0.23
Investment Technology ...
Trying To Decide
The stock market spent most of yesterday trying to make a decision. The questions at hand include whether we know everything about why the Citigroup (C) breakup is taking place, if the 6% discount over the past 5 days is appropriate, if the relentless downgrades to earnings will be enough, and if there is another shoe to drop in the credit crisis.
The day got started on sour note after Fed Chairman Ben Bernanke noted that banks are likely to continue to need capital in response to further credit losses and writedowns. In a speech before the London School of Economics, Bernanke also warned that the government’s stimulus actions are unlikely to be enough to create a recovery unless further measures are taken to stabilize the financial system.
The good news was that the market managed to look past Bernanke’s comments, the earnings miss from Alcoa (AA) ...
Say Thanks to Hank
Here's a link to listen to an Audio Version of the report
Friday’s stock market started off on a very sour note in response to a jobs report that was nothing short of disturbing. As such, it wasn’t’ much of a surprise to see the Dow quickly down another 150 points. And with the venerable index once again within spitting distance of the July lows, the bulls were probably becoming more than a little uncomfortable.
However, despite the negative data about the U.S. economy and the endless chatter about the global slowdown, the markets turned around and actually finished with some green on the screen as the closing bell rang. And although the gain of 32 points didn’t put much of a dent in the week’s decline, the turnaround was definitely intriguing.
You see, at the time, no one could really put their finger on why stocks ...
