Saturday, November 30, 2013

Weekly Preview - Economic and Earnings Calender

Weekly Preview - Economic and Earnings Calender

Consesus Est -   Last Period

M   10:00   September Construction Spending         0.4%         0.6%
    10:00   November ISM Manufacturing             55.0         56.4
W   10:00   September New Home Sales              430,000      421,000
    10:00   October New Home Sales                435,000      NA
Th   8:30   Q3 GDP (p)                              3.1          2.8%
    10:00   October Factory Orders                 -1.0%         1.7%
F    8:30   November Nonfarm Payrolls             180,000      204,000
     8:30   November Unemployment Rate              7.2%         7.3%
     8:30   October Personal Income                 0.3%         0.5%
     8:30   October Consumption                     0.2%         0.2%
     9:55   December Michigan Sentiment            75.2         75.1
     3:00   October Consumer Credit               $13.9 bil    $13.7 b

 Week's Highlight

      Friday 6: The November employment report is expected to confirm the
positive trends seen in the past few months.
      Monday 2
      -- The ISM manufacturing index for November will likely come down a tad
from the previous month's 56.4, says David Berson, chief economist of Nationwide
      -- It's Cyber Monday, a big day for e-commerce shopping. Last year, sales
totaled $1.46 billion.
      -- Innovation Index, comparing U.S. and Israel's science and hi-tech
collaboration with 15 other countries, launches.
      Tuesday 3
      -- Light-vehicle sales should improve to a 15.4 million annual pace for
November, says Berson.
      -- Fibria Celulose hosts analysts in New York on trends in the pulp
      -- Hologic, Oneok, and Rio Tinto present to investors.
      Wednesday 4
      -- New-home sales for both September and October are issued, due to the
government shutdown. Berson sees October sales falling to a 405,000 annual pace
on higher mortgage rates. Also due out: the ISM services index for November and
ADP payroll survey.
      -- The Fed issues its "beige book" survey of regional economic conditions.
      -- New York Society of Security Analysts' conference on water utilities.
      -- Yum! Brands, Xcel Energy, and Axa conduct analyst and investor
meetings, as does Marathon Petroleum.
      -- The House Ways and Means Committee takes up the Affordable Care Act.
      -- Former ECB President Jean-Claude Trichet gives a speech in Frankfurt:
Is the euro at risk?
      -- OPEC meets amid reports that some are pushing it to trim output next
      Thursday 5
      -- Weekly jobless claims are reported.
      -- Challenger, Gray & Christmas issues job-cut announcements for October.
      -- ECB Governing Council and the Bank of England deliver their decisions
on interest rates. No change in policy is expected at either bank.
      -- Berson expects "fairly significant" upward revisions to 3% to 3.5% from
2.8% to the second estimate for third-quarter GDP growth, on stronger inventory
accumulation. He sees October factory orders falling 0.8%.
      -- The SEC holds a roundtable on proxy-advisory services.
      -- Skechers, Hospira, Cyberonics, Parametric Technology meet investors.
      -- Dallas Fed President Richard Fisher gives an economic update.
      Friday 6
      -- Look for nonfarm payrolls to rise by 205,000 in November, with possible
upward revisions in the previous two months, says Berson. He sees the jobless
rate notching down to 7.2%. If he's correct, it will increase the likelihood of
the Fed trimming its asset purchases sooner rather than later.
      -- Berson sees personal income and spending for October rising 0.4%.
      -- ITW, Sonoco, Woodward, and GTS meet with analysts and investors

Coming Earnings

 Day                    Quarter  Consensus   Year   Ticker
                                  Estimate    Ago
Men's Wearhouse           3Q       $0.86    $0.95    MW
Thor Industries           1Q        0.70     0.60    THO
Hi-Tech Pharm             2Q        0.48     0.66    HITK
Ascena Retail             1Q        0.32     0.39    ASNA
Comtech Telecomm          1Q        0.23     0.32    CMTL
Universal Tech Inst       4Q        0.09     0.11    UTI
Bob Evans Farms           2Q        0.55     0.53    BOBE
United Nat Foods          1Q        0.54     0.46    UNFI
Powell Industries         4Q        0.55     0.99    POWL
Synopsys                  4Q        0.55     0.47    SNPS
Korn/Ferry Int'l          2Q        0.34     0.25    KFY
Guess?                    3Q        0.37     0.43    GES
Aeropostale               3Q       -0.24     0.31    ARO
Christopher  &  Banks     3Q        0.11     0.10    CBK
Brown-Forman 'B'          2Q        0.91     0.80    BFB
Cooper Co                 4Q        1.80     1.47    COO
Toro                      4Q        0.03     0.00    TTC
Methode Electron 'A'      2Q        0.35     0.13    MEI
Jos (A.) Bk Clothrs       3Q        0.49     0.47    JOSB
Esterline Tech            4Q        1.79     1.77    ESL
Cantel Medical            1Q        0.24     0.23    CMN
UTi Worldwide             3Q        0.08     0.16    UTIW
Zumiez                    3Q        0.46     0.51    ZUMZ
Diamond Foods             1Q        0.17     0.24    DMND
Kroger                    3Q        0.53     0.46    KR
Genesco                   3Q        1.39     1.44    GCO
Big Lots                  3Q       -0.08    -0.10    BIG
American Eagle Outft      3Q        0.19     0.41    AEO

(Earnings are diluted and report dates are tentative. All forecasts
and historical numbers exclude extraordinary items by accounting definitions.)



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