18/12/2014 02:14:35 Free Membership Login

This Week's Market Movers - Analyst Blog

Date : 03/26/2012 @ 4:39AM
Source : Zacks
Stock : Cal-Maine Foods, Inc. (MM) (CALM)
Quote : 42.66  4.78 (12.62%) @ 8:10PM
Cal-Maine Foods, Inc. (MM) share price Chart

This Week's Market Movers - Analyst Blog

The market appeared to lose its momentum last week for the first time this year as global growth worries overtook optimism about the U.S. economic scene. Even so, the pullback is modest relative to the gains thus far this year, and could easily get reversed given this week’s potentially market-moving releases. The more likely course for the market is a period of consolidation over the coming days ahead of the coming earnings season that is now only a couple weeks away.

This week’s releases start with Pending Home sales that come out after the open today and is expected to show an improvement over the preceding month. Last week’s New Home Sales and Housing Starts misses aside, the housing sector is showing unmistakable signs of stabilization. The most important driver of this favorable trend is the ongoing labor market improvement and the enhanced buying power that comes with it.

We should see the impact of the labor market developments in Tuesday’s Consumer Confidence reading from Conference Board and Friday’s measure from the University of Michigan. Wednesday’s Durable Goods report is expected to show a significant improvement from January’s decline.

Friday’s Personal Income & Outlays report has the potential to cause positive revisions to current quarter GDP estimates. The final read on the fourth quarter 2011 GDP report on Thursday could be significant for the same reason as it could cause upward revisions to the current quarter growth estimates.

The key component in the Thursday GDP report will be Personal Consumption Expenditures or consumer spending. Upward revision to fourth quarter consumer spending would show greater momentum coming into the current quarter than initially expected, likely causing growth expectations to go up.

In corporate news, shares of Lions Gate Entertainment (LGF) will be in the spotlight following the weekend success of its ‘Hunger Games’ movie. Cal-Mine Foods (CALM), the producer and marketer of eggs, came ahead of EPS expectations but missed on revenue and indicated continued feedstock cost pressures. In other news, Hewlett-Packard (HPQ) announced a 10% increase in quarterly dividend.


 
CAL-MAINE FOODS (CALM): Free Stock Analysis Report
 
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
 
LIONS GATE ETMT (LGF): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Cal-Maine Foods, Inc. (MM) (NASDAQ:CALM)
Historical Stock Chart

1 Year : From Dec 2013 to Dec 2014

Click Here for more Cal-Maine Foods, Inc. (MM) Charts.

Cal-Maine Foods, Inc. (MM) (NASDAQ:CALM)
Intraday Stock Chart

Today : Thursday 18 December 2014

Click Here for more Cal-Maine Foods, Inc. (MM) Charts.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 141218 02:14