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Home > Articles > The Markets > Daily Market Report for July 18, 2008

Daily Market Report for July 18, 2008

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Economic Calendar for July 21, 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 3:15am PPI m/m CHF 0.4% 1.2%
Low 10:00am Leading Index m/m USD -0.1% 0.1%
Low 7:50pm All Industries Activity Index m/m JPY - 0.8%

Earnings Announcements for July 21, 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 AAPL Apple +1.07
Time Not Supplied BAC Bank of America +0.70
After Market Close CNI Canadian National Railway +0.89
Before Market Open HAS Hasbro +0.22
After Market Close HPC Hercules +0.44
After Market Close LNCR Lincare Holdings +0.71
After Market Close SNDK SanDisk +0.14
Before Market Open SGP Schering-Plough +0.40
After Market Close STLD Steel Dynamics +0.93
Time Not Supplied TXN Texas Instruments +0.46
Before Market Open WFT Weatherford International +0.45
Time Not Supplied WWY Wm. Wrigley Jr. Co. +0.68

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 18, 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 11,497.00 11,510.00 11,382.00 128.00 378 mil
S&P 500 1,260.68 1,262.23 1,251.81 10.42 N/A
NASDAQ 2,282.78 2,293.18 2,269.55 23.63 2,262 mil
NYSE 8,453.85 8,465.60 8,404.71 60.89 5,646 mil



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