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You Are Here: Home > Articles > Commentary > Daily Market Report for July 28, 2008

Daily Market Report for July 28, 2008
Jul 28, 2008

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Economic Calendar for July 29, 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 All Day German Prelim CPI m/m EUR 0.5% 0.3%
Med 4:00am Consumption Indicator CHF - 1.910
Med 6:00am CBI Distributive Trades Realized GBP -15 -9
High 10:00am Consumer Confidence Index USD 50.0 50.4
Med 7:50pm Prelim Industrial Production m/m JPY -1.7% 2.8%
High 9:30pm Building Approvals m/m AUD 1.0% 2.8%

Earnings Announcements for July 29, 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 AMGN Amgen +1.01
After Market Close HIG Hartford Financial Services +2.33
After Market Close MTW Manitowoc +0.90
Time Not Supplied PCL Plum Creek Timber +0.16
After Market Close STR Questar +0.83
Time Not Supplied RCII Rent-A-Center +0.56
Before Market Open SPG Simon Property Group +1.49
09:00 am ET TSN Tyson Foods +0.12
Before Market Open VZ Verizon +0.65

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 28, 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 11,132.00 11,369.00 11,125.00 244 194 mil
S&P 500 1,234.39 1,260.09 1,234.38 25.71 N/A
NASDAQ 2,264.22 2,317.75 2,258.62 59.13 1,965 mil
NYSE 8,260.39 8,411.77 8,258.11 153.66 4,164 mil


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