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You Are Here: Home > Articles > Contributors > Daily Market Report for July 23, 2008

Daily Market Report for July 23, 2008
Jul 23, 2008

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Economic Calendar for July 24, 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 3:00am French Manufacturing PMI (p) EUR 49.0 49.2
Med 3:30am German Manufacturing PMI (p) EUR 52.0 52.6
Med 3:30am German Services PMI (p) EUR 51.5 52.1
High 4:00am German Ifo Business Climate Index EUR 100.2 101.3
Med 4:00am German Ifo Business Expectations Index EUR 93.4 94.7
Med 4:00am Manufacturing PMI (p) EUR 48.7 49.2
Med 4:00am Services PMI (p) EUR 48.8 49.1
High 4:30am Retail Sales m/m GBP -2.5% 3.5%
Med 8:30am Unemployment Claims USD 379K 366K
High 10:00am Existing Home Sales USD 4.93M 4.99M
Med 10:00am FOMC Member Geithner Speaks USD - -
Med 7:30pm Tokyo Core CPI y/y JPY 1.6% 1.3%

Earnings Announcements for July 24, 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
Before Market Open MMM 3M Company +1.35
Time Not Supplied ABB ABB +0.40
Time Not Supplied AFFX Affymetrix +0.05
Before Market Open BDX Becton, Dickinson and Company +1.10
Time Not Supplied BMY Bristol-Myers Squibb +0.40
Before Market Open BC Brunswick +0.25
After Market Close BUCY Bucyrus International +0.66
Time Not Supplied BG Bunge Ltd. +2.27
Time Not Supplied BNI Burlington Northern Santa Fe +1.30
After Market Close CLS Celestica +0.17
After Market Close CB Chubb +1.49
Time Not Supplied RIO Companhia Vale do Rio Doce +0.95
Time Not Supplied CBE Cooper Industries Ltd. +0.89
After Market Close DDR Developers Diversified Realty Co. +0.88
After Market Close EWBC East West Bancorp +0.07
Time Not Supplied ECL Ecolab +0.47
Before Market Open LLY Eli Lilly +0.99
Time Not Supplied ECA EnCana +1.73
Before Market Open ESV ENSCO International +1.98
Time Not Supplied FLEX Flextronics +0.28
07:30 am ET FLIR FLIR Systems +0.27
10:00 am ET FCL Foundation Coal Holdings +0.22
After Market Close IM Ingram Micro +0.35
Before Market Open ESI ITT Educational Services +1.05
After Market Close JNPR Juniper Networks +0.27
Time Not Supplied KMB Kimberly Clark +1.10
Time Not Supplied LH Laboratory Corporation of America +1.24
Before Market Open MWV MeadWestvaco +0.22
Time Not Supplied NFX Newfield Exploration +0.91
Time Not Supplied NEM Newmont Mining +0.49
Before Market Open OXY Occidental Petroleum +2.56
Before Market Open POT Potash Corporation of Saskatchewan +2.60
Before Market Open PLD ProLogis +1.15
Time Not Supplied RSH RadioShack +0.26
Before Market Open RTN Raytheon +0.93
Time Not Supplied SAP SAP AG +0.63
Before Market Open SII Smith International +0.89
Time Not Supplied LUV Southwest Airlines +0.11
Before Market Open HOT Stericycle +0.53
Before Market Open SU Suncor Energy +0.74
Time Not Supplied SNV Synovus Financial +0.15
Before Market Open TRA Terra Industries +1.21
Before Market Open DOW The Dow Chemical Company +0.90
Time Not Supplied UNP Union Pacific +0.92
Before Market Open UST UST +0.95
Before Market Open XRX Xerox +0.24

IPOs for the Week of July 21, 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
SOLR GT Solar International $15.50 - $17.50 Credit Suisse 30.3 mil
NHR.U North Asia Investment Corporation $10.00 Citi 6.0 mil

Stock Splits for the Month of June

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
Jun 13 SF Stifel Financial Y 3-2

Major Indices Statistics for July 23, 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 11,633.00 11,698.00 11,559.00 139 248 mil
S&P 500 1,282.02 1,291.17 1,276.06 15.11 N/A
NASDAQ 2,325.88 2,350.09 2,300.20 49.89 2,681 mil
NYSE 8,579.13 8,633.14 8,559.04 74.10 6,493 mil


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