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Economic Calendar for May 6, 2008
Vital economic data can make or break a trade and can even move the markets drastically. Traders should be aware of upcoming economic data every day before they even make their first days trade.
| Impact |
Time |
|
Market |
Forecast |
Previous |
| High |
12:30am |
Monetary Policy Statement |
AUD |
- |
- |
| Med |
12:30am |
Cash Rate |
AUD |
7.25% |
7.25% |
| High |
1:45am |
CPI m/m |
CHF |
0.8% |
0.3% |
| High |
4:30am |
Services PMI |
GBP |
51.7 |
52.1 |
| High |
8:30am |
Building Permits m/m |
CAD |
1.3% |
-1.0% |
| High |
10:00am |
Ivey PMI |
CAD |
54.0 |
59.0 |
| Med |
10:00am |
Fed Publishes TAF Summary |
USD |
- |
- |
| Med |
5:00pm |
RBNZ Financial Stability Report |
NZD |
- |
- |
| Med |
7:01pm |
Consumer Confidence Index |
GBP |
74 |
77 |
Earnings Announcements for May 6, 2008
Earnings Season undoubtedly provides market moving action for any trader. Don’t be the last one to know the results of key Earnings Announcements. Have the edge; know who’s reporting when, first.
| Time |
Symbol |
Company |
EPS Estimate |
| Time Not Supplied |
ACAS |
American Capital Strategies |
+0.76 |
| Before Market Open |
AU |
Anglogold Ashanti Limited |
+0.19 |
| Time Not Supplied |
WTR |
Aqua America |
+0.15 |
| Time Not Supplied |
ITU |
Banco Itau Holding Financeira |
+0.47 |
| Before Market Open |
ABX |
Barrick Gold |
+0.6 |
| After Market Close |
CELL |
Brightpoint |
+0.12 |
| Time Not Supplied |
CSE |
CapitalSource |
+0.5 |
| Before Market Open |
XEC |
Cimarex Energy |
+1.62 |
| After Market Close |
CSCO |
Cisco Systems |
+0.36 |
| After Market Close |
SID |
Companhia Siderurgica Nacional |
+0.59 |
| Before Market Open |
COV |
Covidien |
+0.59 |
| Before Market Open |
DHI |
D.R. Horton |
-0.43 |
| Before Market Open |
UFS |
Domtar Corp |
+0.04 |
| After Market Close |
DEI |
Douglas Emmett |
+0.31 |
| Before Market Open |
EMR |
Emerson Electric |
+0.71 |
| After Market Close |
XCO |
Exco Resources |
+0.16 |
| After Market Close |
EXEL |
Exelixis |
-0.38 |
| Before Market Open |
FNM |
Fannie Mae |
-0.81 |
| After Market Close |
HLTH |
HLTH |
+0.11 |
| Before Market Open |
HPT |
Hospitality Properties Trust |
+1.17 |
| After Market Close |
KGC |
Kinross Gold |
+0.13 |
| Before Market Open |
LM |
Legg Mason |
-0.27 |
| Before Market Open |
LPX |
Louisiana-Pacific |
-0.5 |
| After Market Close |
MPG |
Maguire Properties |
-1.07 |
| After Market Close |
ME |
Mariner Energy |
+0.74 |
| Before Market Open |
PCS |
MetroPCS Communications |
+0.14 |
| Before Market Open |
MGM |
MGM Mirage |
+0.43 |
| Before Market Open |
TAP |
Molson Coors Brewing |
+0.28 |
| After Market Close |
NFP |
National Financial Partners |
+0.59 |
| Before Market Open |
NYX |
NYSE Euronext |
+0.83 |
| Time Not Supplied |
ONXX |
Onyx Pharmaceuticals |
-0.06 |
| After Market Close |
OSIP |
OSI Pharmaceuticals |
+0.45 |
| Before Market Open |
PKD |
Parker Drilling |
+0.18 |
| After Market Close |
PWE |
Penn West Energy Trust |
+0.55 |
| Time Not Supplied |
PRGO |
Perrigo |
+0.42 |
| Before Market Open |
PCG |
PG&E |
+0.67 |
| After Market Close |
PBI |
Pitney Bowes |
+0.65 |
| Before Market Open |
PCP |
Precision Castparts |
+1.87 |
| Time Not Supplied |
PEG |
PSEG |
+0.75 |
| 07:00 am ET |
Q |
Qwest Communications |
+0.1 |
| Before Market Open |
RRD |
RR Donnelley |
+0.69 |
| Time Not Supplied |
SLE |
Sara Lee |
+0.24 |
| Before Market Open |
SE |
Spectra Energy |
+0.47 |
| After Market Close |
TS |
Tenaris |
+0.77 |
| Before Market Open |
THC |
Tenet Healthcare |
+0.01 |
| After Market Close |
TSO |
Tesoro Corporation |
-0.49 |
| Time Not Supplied |
TEVA |
Teva Pharmaceutical |
+0.63 |
| Before Market Open |
EL |
The Estée Lauder Companies |
+0.47 |
| After Market Close |
THQI |
THQ |
-0.06 |
| Time Not Supplied |
UBS |
UBS |
-4.64 |
| After Market Close |
UPL |
Ultra Petroleum |
+0.58 |
| After Market Close |
VCLK |
ValueClick |
+0.16 |
| After Market Close |
VTR |
Ventas |
+0.69 |
| Before Market Open |
VNO |
Vornado Realty Trust |
+2.36 |
| After Market Close |
DIS |
Walt Disney |
+0.51 |
IPOs for the Week of May 5, 2008
Initial Public Offering’s (IPO’s) trading activity can provide profitable opportunities for the experienced trader. Research upcoming new offerings for a possible day trade or even a long term investment.
| Symbol |
Company |
Price |
Underwriter |
No. of Shares |
| CFX |
Colfax |
$15.00-$17.00 |
Merrill Lynch |
18.8 mil |
| RSOL |
Real Goods Solar |
$10.00-$12.00 |
ThinkPanmure |
5.0 mil |
| WES |
Western Gas Partners |
$17.00-$19.00 |
UBS Investment Bank |
18.8 mil |
Stock Splits for the Month of May
Stock Splits can provide nice trading action, for the active day trader. Stocks that split tend to be quite volatile on the date of the announcement and even more trading action the date of the official split.
| Ex Date |
Symbol |
Company |
Optionable |
Ratio |
| May 16 |
CLF |
Cleveland-Cliffs |
Y |
2-1 |
| May 27 |
WFT |
Weatherford |
Y |
2-1 |
| Jun 02 |
ATLS |
Atlas America |
Y |
3-2 |
Major Indices Statistics for May 5, 2008
Monitor statistics of the Major Indices on a daily basis. Track their highs and lows plus, their daily trading ranges for potential trading patterns.
| Index |
High of Day |
Low of Day |
Range |
Volume |
| Dow Jones |
13,037.00 |
12,940.00 |
97.00 |
197 mil |
| S&P 500 |
1,415.34 |
1,404.37 |
10.97 |
N/A |
| NASDAQ |
2,486.05 |
2,458.12 |
27.93 |
2,049 mil |
| NYSE |
9,460.64 |
9,412.21 |
48.43 |
3,335 mil |
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