Futures are sharply higher this morning as broad gains in the overseas markets have helped put Wall Street in a buying mood this morning. Ahead of the bell, the Dow futures are up 78, to 9,205. The S&P 500 futures are up 9, to 994, while the Nasdaq 100 index futures are up 19, to 1,621.
Ford (F, $8.00) reports July auto sales at 11am this morning. Surging demand from the “cash for clunkers” program has helped lift the company to its first monthly auto sales increase in two years. For those of you who have just signed on, we are long Ford and in pre-merket trading the stock is up 52 cents to $8.52. The December and August call options we are following should get a nice pop at the open.
Earnings are still coming in and the big one this week will be Cisco Systems (CSCO, $$22.01). I’ve been saying the bulls have been looking for a catalyst and this could be one but all eyes will be on Friday’s jobs report. As far as corporate earnings, here is a list of the companies reporting this week:
Monday: Anadarko Petroleum (APC, $48.20), Carmike Cinemas (CKEC, $9.50), Chesapeake Energy (CK, $21.44), Clorox (CLX, $61.01), FirstEnergy (FE, $41.20), Humana (HUM, $32.85), Loews (L, $30.03), Pulte Homes (PHM, $11.37) and Tyson Foods (TSN, $11.43).
Tuesday: Allegheny Energy (AYE, $25.21), Boston Beer Company (SAM, $31.19), Cephalon (CEPH, $58.65), Coinstar (CSTR, $33.23), Diebold (DBD, $27.72), Electronic Arts (ERTS, $21.47), HealthSpring (HS, $12.63), IntercontinentalExchange (ICE, $94.06), Jack in the Box (JACK, $21.10), Kraft Foods (KFT, $28.34), Onyx Pharmaceuticals (ONXX, $35.92), Stanley (SXE, $30.74) and ValueClick (VCLK, $11.50).
Wednesday: 99 Cents Only Stores (NDN, $14.65), Agrium (AGU, $46.19), AmeriCredit (ACF, $15.69), Blackboard (BBBB, $33.97), Cisco Systems (CSC), $22.01), Devon Energy (DVn, $58.09), Foster Wheeler (FWLT, $23.10), Healthsouth (HLS, $14.40), Nationwide Health Properties (NHP, $29.02), Owens Corning (OC, $18.38), Procter & Gamble (PG, $55.51), Prudential Financial (PRU, $44.27), Sunoco (SUN, $24.69) and Transocean (RIG, $79.54).
Thursday: Alliant Energy (LNT, $26.16), American Italian Pasta (AIPC, $31.46), Beazer Homes (BZH, $3.22), Blue Nile (NILE, $46.23), California Pizza Kitchen (CPKI, $16.50), Dollar Tree Stores (DLTR, $46.12), Emulex ($9.13), K-Swiss (KSWS, $10.84), Public Storage (PSA, $72.57), Speedway Motorsports (TRK, $15.96) and VeriSign (VRSN, $20.44).
Friday: Cimarex Energy (XEC, $35.78), Edison International (EIX, $32.32), LifePoint Hospitals (LPNT, $27.66), Mirant (MIR, $18.06) and Sun Communities (SUI, $15.30).