9:00am (EST)
Looks like we are going to get a snap-back rally this morning…
The futures and global markets are soaring this morning after European leaders agreed to a nearly $1 trillion rescue plan to save the euro. The U.S. Federal Reserve and other central banks are also chipping in with financial support to help stop what many believe could have been a global crisis.
As a result, Dow futures are showing their biggest gains since last July as they are up a whopping 378 points to 10,718 while the S&P 500 futures are up 48 points to 1,156. Nasdaq 100 futures are up 75 points to 1,973.
As far as earnings this week:
Monday: Adams Resources & Energy (AE, $17.04, down $0.47), Dean Foods (DF, $14.63, down $0.10), Denny’s (DENN, $3.23, down $0.02), Dillard’s (DDS, $23.19, down $1.37), Dole Food Company (DOL, $10.15, down $0.51), GeoEye (GEOY, $26.61, up $0.51), Hallwood Group (HWG, $43.00, down $2.04), Hospitality Properties Trust (HPT, $23.91, down $0.34), Jack in the Box (JACK, $22.10, down $0.27), Legg Mason (LM, $27.78, down $1.20), Middleby (MIDD, $56.74, down $1.37), Priceline.com (PCLN, $225.39, down $7.71), Psychiatric Solutions (PSYS, $31.08, up $0.23), Tootsie Roll (TR, $25.42, down $0.40) and Wal-Mart Stores (WMT, $52.40, down $0.83).
Tuesday: American Science and Engineering (ASEI, $71.97, down $2.15), Ctrip.com International (CTRP, $32.93, down $1.07), Electronic Arts (ERTS, $17.63, down $0.55), Fossil (FOSL, $33.95, down $1.34), JA Solar Holdings (JASO, $5.95, up $0.14) and Walt Disney (DIS, $33.41, down $0.60).
Wednesday: Cisco Systems (CSCO, $24.71, down $0.78), Deutsche Telekom (DT, $10.85, down $0.11), DryShips (DRYS, $5.09, down $0.12), Helen of Troy (HELE, $25.05, down $0.48), Macy’s (M, $21.94, down $0.48), Perfect World (PWRD, $32.27, up $1.35), Rick’s Cabaret (RICK, $10.49, down $0.50) and Whole Foods Market (WFMI, $36.68, down $1.41).
Thursday: Acxiom (ACXM, $17.27, down $0.56), Black Box Network Services (BBOX, $28.73, down $0.65), CA (CA, $20.49, down $0.59), Dick’s Sporting Goods (DKS, $26.59, down $1.09), Gammon Gold (GRS, $7.08, down $0.12), Kohl’s (KSS, $53.68, down $0.89), Nordstrom (JWN, $40.06, down $0.50), Sony (SNE, $32.90, down $0.30), Urban Outfitters (URBN, $34.89, down $1.03) and Wendy’s / Arby’s Group (WEN, $4.72, down $0.24).
Friday: JCPenney (JCP, $27.61, down $0.49) and Telemar (TNE, $13.55, down $0.13).
We have a lot to cover in our Members Area this morning so let’s get to it.
]]>