Saturday, August 4, 2012

Week Ahead: Aug 6th-10th Key Events & Earnings 

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Retailers to report, US Consumer Credit, Factory orders in Germany and Industrial production from the UK. 
A slew of data from China on Thursday. CPI, PPI, Retail sales and Industrial production will forecast some light on how the Chinese economy is really slowing, or not. 

Some KEY reports to consider include: 
Chesapeake Energy (CHK), Walt Disney (DIS), News Corp (NWSA), Priceline (PCLN) and CF Industries (CF) 

Monday: Chesapeake Energy (CHK), Tyson Foods (TSN), McDermott International (MDR), Clean Energy Fuels (CLNE), Isis Pharmaceuticals (ISIS), Sohu.com (SOHU), Leap Wireless International (LEAP), Cinemark Holdings (CNK), and Caribou Coffee (CBOU) 

Tuesday: Priceline.com (PCLN), Office Depot (ODP), Rackspace Hosting (RAX), CVS Caremark (CVS), Express Scripts Holding Company (ESRX), Sirius XM Radio (SIRI), Cree (CREE), MGM Resorts International (MGM), Walt Disney (DIS), Molson Coors Brewing (TAP), Live Nation Entertainment (LYV), and STEC (STEC) 

Wednesday: Kinross Gold (KGC), Alpha Natural Resources (ANR), Dean Foods (DF), DISH Network (DISH), Macy's (M), Ralph Lauren (RL), Computer Sciences (CSC), Universal Display (PANL), SunPower (SPWR), Monster Beverage Corp (MNST), Jack in the Box (JACK), and News Corp. (NWSA) 

Thursday: Kohl's (KSS), Royal Gold (RGLD), Randgold Resources (GOLD), Silver Standard Resources (SSRI), Silver Wheaton (SLW), DeVry (DV), Nordstrom (JWN), Red Robin Gourmet Burgers (RRGB), Advance Auto Parts (AAP), NVIDIA (NVDA), Cooper Tire & Rubber (CTB), Wendy's (WEN), and Brinker International (EAT). 

Friday: J.C. Penney (JCP) 

*Always possible errors and changes 

**Major Events and Key Reports 


**Monday, August 6 

US Economics (Time Zone: EDT) 

No major economic reports 
11:00 Fed to purchase $4.5b-$5.5b notes in 8 to 10-year range 
11:30 Treasury selling $32b 3-month bills, $28b 6-month bills 

Global Economics (Time Zone: GMT) 

05:00 JPY Leading Index 
06:30 EUR Eurozone Sentinx Investor Confidence 
22:45 NZD Average Hourly Earnings 
10:00 Netherlands to sell EU4b in bills 
14:00 France to sell bills 

Earnings 

Before: 
HCA Holdings (HCA) EPS 78c 
After: 
Chesapeake Energy (CHK) EPS 7c 
Caesars (CZR) EPS -96c 
CF Industries (CF) EPS $8.71 


**Tuesday, August 7 

US Economics (Time Zone: EDT) 

10:00 JOLTS Job Openings - prior 3642 
3:00 Consumer Credit – consensus $10.00B, prior $17.12B 
11:00 Fed buying $4.25b-5b in 6 to 8-year range 
11:30 Treasury selling 4-week bills 
1:00 Treasury selling $32b 3-year notes 


Global Economics (Time Zone: GMT) 

04:30 AUD RBA Rate Decision 
05:45 CHF Unemployment Rate 
07:15 CHF CPI 
08:30 GBP Industrial Production 
09:00 EUR Italian GDP 
10:00 EUR German Factory Orders 
23:50 JPY Trade Balance 
11:00 Greece to sell EU625m 6-month bills 
12:00 EFSF to sell EU1.5b 3-month bills 

Earnings 

Before: 
Sirius (SIRI) EPS 2c 
MGM (MGM) -15c 
CVS Caremark (CVS) EPS 74c 
After: 
Walt Disney (DIS) EPS 93c 
Priceline.com (PCLN) EPS $7.36 
Express Scripts (ESRX) EPS 82c 
Cablevision (CVC) EPS 19c 


**Wednesday, August 8 

US Economics (Time Zone: EDT) 

07:00 MBA Mortgage Purchase Index 
08:30 Nonfarm Productivity – consensus 1.4%, prior -0.9% 
08:30 Unit Labor Costs – consensus 0.4%, prior 1.3% 
11:00 Fed to purchase $1.5b-$2b in 25 to 30-year range 
1:00 Treasury selling $24b in 10-year notes 

Global Economics (Time Zone: GMT) 

01:30 AUD Home Loans 
04:30 JPY Bankruptcies 
06:00 EUR German Trade Balance 
09:30 GBP BoE Inflation Report 
22:45 NZD Unemployment Rate 
23:50 JPY Machine Orders 
12:30 Germany to sell EU4b 10-yr notes 

Earnings 

Before: 
Alpha Natural Resources (ANR) EPS -32c 
Ralph Lauren (RL) EPS $1.77 
After: 
News Corp (NWSA) EPS 32c 
Monster Beverage (MNST) EPS 61c 
Macy’s (M) EPS 64c 


**Thursday, August 9 

US Economics (Time Zone: EDT) 

08:30 Initial Jobless Claims – consensus 370K, prior 365K 
08:30 Continuing Claims – consensus 3272K, prior 3272K 
08:30 Trade Balance – consensus -$47.5B, prior -$48.7B 
10:00 Wholesale Inventories – consensus 0.3%, prior 0.3% 
11:00 Fed buying $1b-$1.5b TIPS in 7 to 30-year range 
1:00 Treasury selling $16b 30-year bonds 

Global Economics (Time Zone: GMT) 

JPY Bank of Japan Rate Decision 
01:30 AUD Employment Change 
01:30 CNY CPI 
01:30 CNY PPI 
05:00 JPY Consumer Confidence 
05:30 CNY Industrial Production 
05:30 CNY Retail Sales 
12:15 CAD Housing Starts 

Earnings 

Before: 
Kohl’s (KSS) EPS 96c 
Advance Auto Parts (AAP) EPS $1.40 
After: 
NVIDIA (NVDA) EPS 22c 
Fusion-IO (FIO) EPS 4c 
Nordstrom (JWM) EPS 74c 


**Friday, August 10 

US Economics (Time Zone: EDT) 

08:30 Import Price Index MoM – consensus 0.2%, prior -2.7% 
08:30 Import Price Index YoY – consensus -2.7%, prior -2.6% 
02:00 Monthly Budget Statement – consensus -$103.0B 
11:00 Fed to sell $7b-$8b notes in 1-2 year range 

Global Economics (Time Zone: GMT) 

04:30 JPY Industrial Production 
06:00 EUR German CPI 
08:30 GBP PPI 
12:30 CAD Unemployment Rate 
11:10 UK to sell bills 

Earnings 

Before: 
JC Penney (JCP) EPS -23c

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