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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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