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You Are Here: Home > Articles > Commentary > Daily Market Report for August 8, 2008

Daily Market Report for August 8, 2008
Aug 08, 2008

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Economic Calendar for August 11, 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
Med 2:45am French Industrial Production m/m EUR 0.3% -2.6%
High 4:30am PPI Input m/m GBP 1.0% 2.1%
Med 4:30am Trade Balance GBP -7.4B -7.5B
High 8:15am Housing Starts CAD 210K 218K
Med 7:01pm BRC Retail Sales Monitor y/y GBP - -0.4%
Med 7:01pm RICS House Price Balance GBP -90.0% -88.0%
Med 9:30pm NAB Business Confidence AUD - -9

Earnings Announcements for August 11, 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 AOB American Oriental Bioengineering +0.17
Before Market Open CPN Calpine +0.10
Time Not Supplied FLR Fluor +0.82
After Market Close LDK LDK Solar Co. +0.42
Before Market Open LINTA Liberty Media +0.16
After Market Close MDR McDermott International +0.77
After Market Close NUAN Nuance Communications +0.21
Time Not Supplied POM Pepco Holdings +0.39
Time Not Supplied SYY Sysco +0.52
Time Not Supplied VRX Valeant Pharmaceuticals International -0.01

IPOs for the Week of August 11, 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
DCTI Consonus Technologies $8.00 - $10.00 Merriman Curhan Ford 3.0 mil

Stock Splits for the Month of August

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
Aug 12 PCX Patriot Coal Y 2-1
Aug 13 ALXN Alexion Pharma Y 2-1
Aug 18 TWI Titan Intl Y 5-4

Major Indices Statistics for August 8, 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 End of Day High of Day Low of Day Range Volume
Dow Jones 11,734 11,760.00 11,389.00 371 209 mil
S&P 500 1,296.18 1,297.85 1,262.11 35.74 N/A
NASDAQ 2,414.10 2,416.40 2,352.04 64.36 2,198 mil
NYSE 8,459.59 8,467.28 8,279.98 187.30 4,814 mil


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