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Economic Calendar for May 12, 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 |
| - |
All Day |
Holiday: Whit Monday |
CHF |
- |
- |
| Med |
2:00am |
Machine Tool Orders y/y |
JPY |
- |
3.3% |
| Med |
Tentative |
BOJ Governor Shirakawa Speaks |
JPY |
- |
- |
| High |
4:30am |
PPI Input m/m |
GBP |
- |
1.8% |
| High |
4:30am |
Trade Balance |
GBP |
- |
-7.5B |
| Med |
4:30am |
PPI Output m/m |
GBP |
- |
0.9% |
| Med |
11:00am |
ECB President Trichet Speaks |
EUR |
- |
- |
| Med |
7:01pm |
BRC Retail Sales Monitor y/y |
GBP |
- |
-1.6% |
Earnings Announcements for May 12, 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 |
| After Market Close |
BYI |
Bally Technologies |
+0.48 |
| After Market Close |
CLWR |
Clearwire |
-0.95 |
| After Market Close |
FLR |
Fluor |
+1.27 |
| Before Market Open |
GNA |
Gerdau AmeriSteel |
+0.39 |
| Before Market Open |
HL |
Hecla Mining |
+0.13 |
| Before Market Open |
HOC |
Holly |
+0.15 |
| Before Market Open |
ISIS |
Isis Pharmaceuticals |
-0.1 |
| Time Not Supplied |
JASO |
JA Solar Holdings Co. |
+0.1 |
| After Market Close |
LDK |
LDK Solar Co. |
+0.39 |
| Before Market Open |
MBI |
MBIA |
-0.19 |
| After Market Close |
MDR |
McDermott International |
+0.54 |
| After Market Close |
NUAN |
Nuance Communications |
+0.18 |
| Before Market Open |
RDN |
Radian Group |
-2.13 |
| Before Market Open |
S |
Sprint Nextel |
+0.02 |
| Before Market Open |
PMI |
The PMI Group |
-1.96 |
| Before Market Open |
XMSR |
XM Satellite Radio |
-0.39 |
IPOs for the Week of May 12, 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 |
| AGNC |
American Capital Agency |
$20.00 |
Citi |
12.5 mil |
| VRS |
Verso Paper |
$16.00 - $18.00 |
Credit Suisse |
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 9, 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 |
12,861.00 |
12,715.00 |
146.00 |
180 mil |
| S&P 500 |
1,394.90 |
1,384.11 |
10.76 |
N/A |
| NASDAQ |
2,455.33 |
2,429.03 |
26.30 |
1,672 mil |
| NYSE |
9,388.30 |
9,296.08 |
92.22 |
3,450 mil |
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