Earnings Preview 1/22/10
Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&P 500, and fully one third of the Dow 30. These will include such bellwethers as DuPont (
DD
- Analyst Report
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, Johnson & Johnson (
JNJ
- Analyst Report
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, Verizon (
VZ
- Analyst Report
)
, Boeing (
BA
- Analyst Report
)
, Caterpillar (
CAT
- Analyst Report
)
, United Technologies (
UTX
- Analyst Report
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, 3M (MMM), Altria (MO), Procter & Gamble (PG) and Chevron (CVX). And those are just the Dow names reporting results.
Early in the week, the economic data on housing will be front and center, while the middle of the week brings a Fed meeting, and at the end of the week we get the first look at fourth quarter GDP. All in all, a very busy week coming up.
Monday
•Data on Existing Home Sales in December is released. The pending home sales data suggests a drop, in part due to the first-time buyer tax credit almost expiring, and the hangover caused by people rushing to buy in front of the deadline that was later extended. The consensus is for Sales to have dropped to an Annual rate of 6.00 million from November’s pace of 6.54 million. However, used home sales have little direct impact on economic growth.
Tuesday
•The Case-Schiller Housing Price Index is released for November. The year-over-year decline in housing prices is expected to have slowed to 5.20% from the 7.28% rate in October for the 20 metropolitan areas they track. Sequentially, that implies a small increase in housing prices.
•The Consumer Confidence Index is expected to have dropped slightly in January to 52.9 from 53.3 in December.
Wednesday
•New Home Sales are expected to have increased to a seasonally adjusted annual rate of 370,000 in December from a 355,000 rate in November. New home sales, unlike used home sales, are extremely important for economic growth. An increase would be very nice, but we are still going to be at extremely low absolute levels.
•The Federal Reserve will almost certainly keep the Fed Funds rate in the range between 0 and 0.25%. However, Fed Watchers will carefully dissect the policy statement to see if there is any change in the Fed’s outlook for the economy and for clues about just how long the “extended period of time” is that they will keep rates at “extraordinarily low levels."
Thursday
•Weekly initial claims for unemployment insurance come out. They rose in the last week, but before that were in a very steep downtrend. Last week there were 482,000 initial claims. Look for the decline to resume. Continuing claims have also been in a steep downtrend of late. However, that is in part due to people simply exhausting their regular state benefits which run out after 26 weeks. If one factors in the extended claims paid by the Federal government as part of the Stimulus program, claims soared last week. Looking at just the regular continuing claims numbers is a serious mistake. They only include a little over half of the unemployed now given the unprecedentedly high duration of unemployment figures. Last week regular continuing claims were 4.599 million while extended claims (paid from Federal ARRA funds) were 5.917 million. Make sure to look at both sets of numbers!
Friday
•We get the first look at fourth quarter GDP. In the third quarter, growth was originally estimated to be 3.5% but was revised down sharply in the next two looks at it, finally settling at 2.2% growth. This time out 4.5% is expected, at least for the first look. The details and composition of the report are very important. Growth caused by an inventory rebound is much less significant than if we get a rebound in business fixed investment.
•The inflation gauge built into the GDP report, the Chain Deflator, is expected to show inflation at a 1.3% rate, up from 0.4% in the third quarter. Still a very low absolute level.
•The Chicago Purchasing Managers Index is expected to show growth in the Midwest is continuing in January, but at a slower rate than in December, with a reading of 56.0 expected, down from 58.7. Any reading over 50.0 indicates expansion.
•The University of Michigan Consumer Sentiment index is expected to show a slight rise for January, up to 73.0 from 72.8 in December.
Potential Positive Surprises
Historically, the best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. While normally firms that report better-than-expected earnings rise in reaction, that has not been the case so far this quarter. Some of the companies that have these characteristics include:
Corning (GLW) is expected to report EPS of $0.42, up from $0.13 per share a year ago. Last time out, GLW posted a positive surprise of 7.69% and over the last month the mean estimate for its fourth quarter earnings is up 1.04%. GLW has a Zacks Rank of 1.
MeadWestvaco (MWV) is expected to report EPS before non-recurring items of $0.24, up from $0.10 a year ago In the 3Q, MVW posted a positive surprise of 85.19% and over the last month, the consensus estimate for its 4Q earnings is up 4.83%. GE is a Zacks Rank #1 stock.
Estee Lauder (EL) is expected to earn $1.26 per share this year, up from $0.80 a year ago. In the third quarter the company blew estimates out of the water with a massive 150.0% positive surprise. Over the last month, the mean estimate for the 4Q is up 43.27%. EL also holds the coveted Zacks #1 Rank.
Potential Negative Surprises
Mead Johnson (MJN) is expected to post EPS of $0.51 a share, an improvement from a EPS of $0.36 a share a year ago. Last time the company disappointed by 1.85%. For this Zacks #4 Ranked stock, analysts have cut the estimates for this quarter by 1.4% over the last month.
Smith International (SII) is expected to earn $0.09 a share this quarter, down sharply from the $1.00 last year. The company disappointed by 53.33% last time out, and analysts have cut their estimates for this quarter by 6.63% over the last month. The stock holds a Zacks Rank of 4.
FPL Group (FPL) is expected to report EPS of $0.73 down from $0.90 last year. The Florida Utility disappointed by 0.72% last time out and over the past month analysts have cut the estimate for this Zacks #4 Ranked stock by 17.27%.
Earnings Calendar
| Company | Ticker | Qtr End | EPS Est | Year Ago
EPS | Last EPS
Surprise % | Next EPS Report Date | Time | Daily Price |
| Ak Steel Hldg | AKS | 200912 | 0.22 | $0.01 | -999.00% | 20100125 | BTO | 21.22 |
| Albemarle Corp | ALB | 200912 | 0.57 | $0.42 | 3.64% | 20100125 | AMC | 37.12 |
| Amgen Inc | AMGN | 200912 | 1.11 | $1.04 | 19.20% | 20100125 | AMC | 56.63 |
| Apple Inc | AAPL | 200912 | 2.08 | $1.78 | 27.27% | 20100125 | AMC | 208.07 |
| Atheros Comm | ATHR | 200912 | 0.4 | $0.03 | 24.00% | 20100125 | AMC | 34.47 |
| Bank Of Hawaii | BOH | 200912 | 0.75 | $0.82 | 11.76% | 20100125 | BTO | 49.72 |
| Celadon Group | CGI | 200912 | 0.04 | $0.08 | -57.14% | 20100125 | AMC | 9.87 |
| Citizens South | CSBC | 200912 | -0.21 | $0.07 | -42.86% | 20100125 | AMC | 4.73 |
| Cnh Global Nv | CNH | 200912 | -0.02 | $0.49 | 35.71% | 20100125 | BTO | 26.3 |
| Commnty Bk Sys | CBU | 200912 | 0.37 | $0.37 | 8.57% | 20100125 | BTO | 20.04 |
| Crane Co | CR | 200912 | 0.54 | $0.56 | 25.00% | 20100125 | AMC | 32.45 |
| Delta Apparel | DLA | 200912 | 0.13 | $0.07 | 16.67% | 20100125 | AMC | 12.16 |
| Eaton Corp | ETN | 200912 | 1.23 | $1.08 | 32.97% | 20100125 | BTO | 66.74 |
| Equity Lifestyl | ELS | 200912 | 0.67 | $0.67 | 5.13% | 20100125 | AMC | 47.84 |
| Ericsson Lm Adr | ERIC | 200912 | 0.19 | $0.26 | 33.33% | 20100125 | BTO | 9.76 |
| Fnb Corp | FNB | 200912 | 0.11 | ($0.21) | 10.00% | 20100125 | AMC | 7.55 |
| Graco Inc | GGG | 200912 | 0.27 | $0.25 | 52.63% | 20100125 | AMC | 30.5 |
| Halliburton Co | HAL | 200912 | 0.27 | $0.84 | 19.23% | 20100125 | BTO | 32.53 |
| Heartland Fincl | HTLF | 200912 | 0.09 | ($0.18) | -18.75% | 20100125 | AMC | 13.37 |
| Hf Financial Cp | HFFC | 200912 | 0.28 | $0.46 | 10.81% | 20100125 | AMC | 9.63 |
| Jda Software Gp | JDAS | 200912 | 0.43 | $0.40 | 12.12% | 20100125 | AMC | 26.66 |
| Kilroy Realty | KRC | 200912 | 0.42 | $0.78 | 11.86% | 20100125 | AMC | 31.38 |
| Lakeland Finl | LKFN | 200912 | 0.31 | $0.35 | 5.88% | 20100125 | DMT | 17.15 |
| Matrixx Inititv | MTXX | 200912 | 0.09 | $0.50 | 83.33% | 20100125 | AMC | 4.5 |
| Mindspeed Tech | MSPD | 200912 | -0.01 | ($0.17) | 0.00% | 20100125 | AMC | 6.32 |
| Nara Bcp Inc | NARA | 200912 | -0.05 | ($0.39) | 150.00% | 20100125 | AMC | 9.5 |
| Nbt Bancorp Inc | NBTB | 200912 | 0.39 | $0.45 | 2.56% | 20100125 | AMC | 20.7 |
| Olin Corp | OLN | 200912 | -0.05 | $0.61 | 2400.00% | 20100125 | AMC | 17.24 |
| Packaging Corp | PKG | 200912 | 0.14 | $0.30 | 0.00% | 20100125 | AMC | 21.69 |
| Parexel Intl Cp | PRXL | 200912 | 0.22 | $0.23 | 23.53% | 20100125 | AMC | 17.05 |
| Plx Tech Inc | PLXT | 200912 | 0.01 | ($0.14) | 28.57% | 20100125 | AMC | 3.92 |
| Privatebancorp | PVTB | 200912 | -0.33 | ($1.96) | -950.00% | 20100125 | BTO | 10.38 |
| Quest Diagnostc | DGX | 200912 | 0.96 | $0.87 | 6.25% | 20100125 | BTO | 59.77 |
| Renaissnce Lrng | RLRN | 200912 | 0.19 | $0.14 | 100.00% | 20100125 | AMC | 12.28 |
| Rli Corp | RLI | 200912 | 0.97 | $1.30 | 22.92% | 20100125 | AMC | 51.15 |
| S&T Bancorp Inc | STBA | 200912 | 0.24 | $0.57 | 100.00% | 20100125 | DMT | 19.13 |
| Sealed Air Corp | SEE | 200912 | 0.39 | $0.39 | 15.15% | 20100125 | BTO | 20.94 |
| Sierra Bancorp | BSRR | 200912 | 0.1 | ($0.19) | -94.12% | 20100125 | | 9.78 |
| Sl Green Realty | SLG | 200912 | 0.89 | $1.30 | 1.03% | 20100125 | AMC | 47.71 |
| Texas Instrs | TXN | 200912 | 0.49 | $0.21 | 7.69% | 20100125 | AMC | 24.18 |
| Towers Watson | TW | 200912 | 0.86 | $0.93 | 16.67% | 20100125 | BTO | 49.3 |
| Virtual Radiolg | VRAD | 200912 | 0.1 | $0.05 | 11.76% | 20100125 | AMC | 12.55 |
| Vmware Inc-A | VMW | 200912 | 0.14 | $0.22 | 10.00% | 20100125 | AMC | 43.94 |
| Volterra Semi | VLTR | 200912 | 0.16 | $0.04 | -6.67% | 20100125 | AMC | 17.99 |
| Waters Corp | WAT | 200912 | 1.1 | $1.07 | 5.19% | 20100125 | | 59.24 |
| West Cst Bcp/Or | WCBO | 200912 | -0.57 | ($0.53) | -122.22% | 20100125 | | 2.8 |
| Zions Bancorp | ZION | 200912 | -1.66 | ($1.39) | -9.30% | 20100125 | AMC | 18.36 |
| Zoran Corp | ZRAN | 200912 | -0.09 | ($0.40) | 3.57% | 20100125 | AMC | 12 |
| Allegiant Travl | ALGT | 200912 | 0.49 | $0.88 | 7.94% | 20100126 | AMC | 51.18 |
| Altera Corp | ALTR | 200912 | 0.29 | $0.28 | 0.00% | 20100126 | AMC | 22.18 |
| Amerisourcebrgn | ABC | 200912 | 0.46 | $0.37 | 10.00% | 20100126 | BTO | 26.58 |
| Ametek Inc | AME | 200912 | 0.47 | $0.66 | 0.00% | 20100126 | BTO | 38.2 |
| Ashland Inc | ASH | 200912 | 0.71 | $0.25 | 6.67% | 20100126 | BTO | 39.88 |
| Baker-Hughes | BHI | 200912 | 0.35 | $1.49 | -27.78% | 20100126 | BTO | 46.63 |
| Black Box Corp | BBOX | 200912 | 0.74 | $0.85 | -5.71% | 20100126 | AMC | 28.13 |
| Boston Pptys | BXP | 200912 | 1.06 | $1.38 | 2.73% | 20100126 | AMC | 65.84 |
| Buckeye Tech | BKI | 200912 | 0.18 | $0.07 | 10.00% | 20100126 | AMC | 10 |
| Calamos Asset-A | CLMS | 200912 | 0.2 | ($1.24) | -18.75% | 20100126 | AMC | 12.35 |
| Callaway Golf | ELY | 200912 | -0.28 | ($0.24) | 0.00% | 20100126 | AMC | 8.35 |
| Carpenter Tech | CRS | 200912 | -0.04 | $0.68 | 19.23% | 20100126 | BTO | 30.43 |
| Cascade Finl Cp | CASB | 200912 | -0.18 | $0.19 | 116.98% | 20100126 | AMC | 2.87 |
| Cdn Natl Ry Co | CNI | 200912 | 0.87 | $0.92 | 10.98% | 20100126 | AMC | 53.07 |
| Cohen&Strs Inc | CNS | 200912 | 0.24 | $0.04 | 28.57% | 20100126 | AMC | 20.66 |
| Concurrent New | CCUR | 200912 | -0.13 | $0.06 | 7.69% | 20100126 | | 3.89 |
| Convergys Corp | CVG | 200912 | 0.31 | $0.30 | 12.50% | 20100126 | BTO | 11.31 |
| Cooper Inds Plc | CBE | 200912 | 0.67 | $0.84 | 9.37% | 20100126 | BTO | 42.38 |
| Corning Inc | GLW | 200912 | 0.42 | $0.13 | 7.69% | 20100126 | BTO | 19.61 |
| Csg Sys Intl | CSGS | 200912 | 0.39 | $0.45 | 10.26% | 20100126 | AMC | 18.04 |
| Delta Air Lines | DAL | 200912 | -0.24 | ($0.50) | 185.71% | 20100126 | BTO | 13.44 |
| Devry Inc | DV | 200912 | 0.83 | $0.59 | 16.92% | 20100126 | AMC | 56.46 |
| Dime Comm Bncsh | DCOM | 200912 | 0.27 | $0.16 | 4.17% | 20100126 | BTO | 12.02 |
| Du Pont (Ei) De | DD | 200912 | 0.41 | ($0.28) | 36.36% | 20100126 | BTO | 33.15 |
| Emc Corp -Mass | EMC | 200912 | 0.24 | $0.24 | 6.25% | 20100126 | BTO | 17.53 |
| Energizer Hldgs | ENR | 200912 | 1.84 | $1.93 | -16.24% | 20100126 | BTO | 60.82 |
| First Fin Bc-Oh | FFBC | 200912 | 0.17 | $0.06 | -687.50% | 20100126 | AMC | 15.6 |
| Firstmerit Corp | FMER | 200912 | 0.24 | $0.36 | 3.85% | 20100126 | BTO | 22.98 |
| Flushing Finl | FFIC | 200912 | 0.22 | $0.31 | 12.00% | 20100126 | AMC | 12.01 |
| Fpl Grp | FPL | 200912 | 0.73 | $0.90 | -0.72% | 20100126 | BTO | 49.03 |
| G&K Svcs A | GKSR | 200912 | 0.25 | $0.52 | 10.00% | 20100126 | BTO | 24.82 |
| Gilead Sciences | GILD | 200912 | 0.81 | $0.60 | 7.25% | 20100126 | AMC | 45.78 |
| Grainger W W | GWW | 200912 | 1.23 | $1.47 | 12.69% | 20100126 | BTO | 99.57 |
| Great South Bcp | GSBC | 200912 | 0.18 | $0.26 | -235.00% | 20100126 | BTO | 22.5 |
| Hutchinson Tech | HTCH | 200912 | 0.06 | ($1.17) | 50.00% | 20100126 | AMC | 10 |
| Infinera Corp | INFN | 200912 | -0.18 | ($0.10) | 33.33% | 20100126 | AMC | 8.32 |
| Integr Device | IDTI | 200912 | 0.05 | $0.13 | 1100.00% | 20100126 | AMC | 6.58 |
| Iteris Inc | ITI | 200912 | 0.01 | $0.02 | 100.00% | 20100126 | AMC | 1.44 |
| Jacobs Engin Gr | JEC | 200912 | 0.58 | $0.94 | -8.70% | 20100126 | BTO | 39.9 |
| Johnson & Johns | JNJ | 200912 | 0.97 | $0.94 | 6.19% | 20100126 | BTO | 63.97 |
| Keynote Systems | KEYN | 200912 | 0.05 | $0.06 | -999.00% | 20100126 | AMC | 10 |
| Kinetic Concpts | KCI | 200912 | 1.07 | $0.98 | 8.00% | 20100126 | BTO | 40.53 |
| Lan Chile-Adr | LFL | 200912 | 0.2 | $0.35 | 6.06% | 20100126 | AMC | 16.32 |
| Marten Trans | MRTN | 200912 | 0.17 | $0.27 | -27.27% | 20100126 | AMC | 17.54 |
| Mcgraw-Hill Cos | MHP | 200912 | 0.4 | $0.42 | 0.94% | 20100126 | BTO | 33.34 |
| Mckesson Corp | MCK | 200912 | 1.19 | $1.05 | 5.94% | 20100126 | AMC | 61.33 |
| Mercury Computr | MRCY | 200912 | -0.06 | ($0.08) | 233.33% | 20100126 | AMC | 12.61 |
| Meritage Homes | MTH | 200912 | -0.39 | ($2.58) | 8.20% | 20100126 | AMC | 20.19 |
| Mgic Invstmt Cp | MTG | 200912 | -3.34 | ($2.21) | -170.73% | 20100126 | BTO | 6.34 |
| Molex Inc | MOLX | 200912 | 0.22 | $0.20 | 6.67% | 20100126 | AMC | 21.46 |
| Natl Instrs Cp | NATI | 200912 | 0.28 | $0.25 | 55.56% | 20100126 | AMC | 28.97 |
| Netw Equip Tech | NWK | 200912 | -0.2 | ($0.11) | -55.56% | 20100126 | AMC | 4.24 |
| Newalliance Bcs | NAL | 200912 | 0.12 | $0.10 | 18.18% | 20100126 | AMC | 12.13 |
| Newbridge Banc | NBBC | 200912 | -0.28 | ($0.53) | -46.43% | 20100126 | | 2.39 |
| Novartis Ag-Adr | NVS | 200912 | 1.15 | $0.66 | -3.16% | 20100126 | BTO | 53.48 |
| Nucor Corp | NUE | 200912 | 0.08 | $0.34 | 28.57% | 20100126 | BTO | 45.69 |
| Pactiv Corp | PTV | 200912 | 0.5 | $0.53 | 5.88% | 20100126 | AMC | 24 |
| Parametric Tech | PMTC | 200912 | 0.09 | $0.06 | -5.26% | 20100126 | AMC | 16.34 |
| Peabody Energy | BTU | 200912 | 0.29 | $1.11 | 113.04% | 20100126 | BTO | 45.7 |
| Peopl Bncp-Ohio | PEBO | 200912 | 0.19 | ($0.30) | -388.89% | 20100126 | | 10.55 |
| Pervasive Softw | PVSW | 200912 | 0.05 | $0.06 | 0.00% | 20100126 | | 4.79 |
| Plantronics Inc | PLT | 200912 | 0.37 | ($0.02) | 11.54% | 20100126 | AMC | 25.19 |
| Qlogic Corp | QLGC | 200912 | 0.23 | $0.26 | 16.67% | 20100126 | AMC | 19.69 |
| Rayonier Inc | RYN | 200912 | 0.42 | $0.52 | -2.44% | 20100126 | BTO | 43.41 |
| Regions Finl Cp | RF | 200912 | -0.35 | ($0.35) | -42.31% | 20100126 | BTO | 6.86 |
| Rf Micro Device | RFMD | 200912 | 0.1 | ($0.05) | 28.57% | 20100126 | AMC | 4.26 |
| Rochester Med | ROCM | 200912 | 0.01 | $0.00 | 0.00% | 20100126 | AMC | 11.78 |
| Rock-Tenn Co | RKT | 200912 | 1.01 | $0.96 | 1.68% | 20100126 | AMC | 47.04 |
| S Y Bancorp Inc | SYBT | 200912 | 0.33 | $0.37 | 0.00% | 20100126 | BTO | 20.91 |
| Sanmina-Sci Cp | SANM | 200912 | 0.07 | ($0.06) | 100.00% | 20100126 | AMC | 11.94 |
| Savannah Bancrp | SAVB | 200912 | 0.09 | $0.13 | 20.00% | 20100126 | | 7.96 |
| Sherwin William | SHW | 200912 | 0.53 | $0.60 | 11.85% | 20100126 | BTO | 58.61 |
| Siemens Ag-Adr | SI | 200912 | 1.45 | $1.88 | -223.57% | 20100126 | | 91.1 |
| Smith (Ao) Corp | AOS | 200912 | 0.57 | $0.29 | 45.59% | 20100126 | BTO | 43.42 |
| South Finl Grp | TSFG | 200912 | -0.47 | ($1.01) | -353.49% | 20100126 | AMC | 0.74 |
| Steel Dynamics | STLD | 200912 | 0.18 | ($0.45) | 30.43% | 20100126 | AMC | 16.7 |
| Steris Corp | STE | 200912 | 0.47 | $0.53 | 25.58% | 20100126 | BTO | 27.06 |
| Stmicroelectron | STM | 200912 | 0.02 | ($0.06) | -88.89% | 20100126 | AMC | 8.65 |
| Stryker Corp | SYK | 200912 | 0.82 | $0.74 | 0.00% | 20100126 | AMC | 54.73 |
| Sunoco Logistic | SXL | 200912 | 1.43 | $1.62 | -21.53% | 20100126 | AMC | 70.66 |
| Super Micro Com | SMCI | 200912 | 0.17 | $0.14 | 33.33% | 20100126 | AMC | 11.83 |
| Tellabs Inc | TLAB | 200912 | 0.07 | $0.09 | 50.00% | 20100126 | BTO | 6.1 |
| Tempur-Pedic | TPX | 200912 | 0.37 | $0.17 | 30.77% | 20100126 | AMC | 24.48 |
| Thomas Weisel | TWPG | 200912 | -0.2 | ($0.59) | -11.43% | 20100126 | AMC | 3.92 |
| Travelers Cos | TRV | 200912 | 1.47 | $1.58 | 23.85% | 20100126 | BTO | 48.95 |
| Trustmark Cp | TRMK | 200912 | 0.26 | $0.42 | 30.00% | 20100126 | AMC | 24.02 |
| Tuesday Morning | TUES | 200912 | 0.41 | $0.31 | 8.33% | 20100126 | | 4.22 |
| Umb Finl Corp | UMBF | 200912 | 0.57 | $0.49 | 22.92% | 20100126 | | 41.5 |
| Utd States Stl | X | 200912 | -1.44 | $1.99 | 27.15% | 20100126 | BTO | 57.67 |
| Verizon Comm | VZ | 200912 | 0.56 | $0.61 | 0.00% | 20100126 | BTO | 30.63 |
| Virginia Commrc | VCBI | 200912 | -0.21 | $0.04 | -431.82% | 20100126 | | 4.23 |
| Weatherford Int | WFT | 200912 | 0.12 | $0.53 | 0.00% | 20100126 | BTO | 18.7 |
| Wesbanco Inc | WSBC | 200912 | 0.22 | $0.21 | -18.18% | 20100126 | AMC | 13.59 |
| Whitney Hldg | WTNY | 200912 | -0.3 | $0.12 | -66.67% | 20100126 | BTO | 11.69 |
| Wms Inds Inc | WMS | 200912 | 0.43 | $0.36 | 2.86% | 20100126 | AMC | 41.83 |
| Yahoo! Inc | YHOO | 200912 | 0.11 | $0.17 | 0.00% | 20100126 | AMC | 16.2 |
| 8X8 Inc | EGHT | 200912 | 0.01 | $0.00 | 100.00% | 20100127 | AMC | 1.35 |
| Abbott Labs | ABT | 200912 | 1.17 | $1.06 | 2.22% | 20100127 | BTO | 55.56 |
| Affil Managers | AMG | 200912 | 1.33 | $1.30 | 0.96% | 20100127 | | 65.95 |
| Airtran Hldgs | AAI | 200912 | 0.03 | ($0.14) | -11.11% | 20100127 | BTO | 5.55 |
| Align Tech Inc | ALGN | 200912 | 0.09 | $0.07 | 160.00% | 20100127 | AMC | 16.85 |
| Allegheny Tech | ATI | 200912 | 0.2 | $1.15 | -66.67% | 20100127 | BTO | 43.91 |
| Alliance Hldgs | AHGP | 200912 | 0.42 | $0.30 | -2.44% | 20100127 | BTO | 27.81 |
| Alliance Res | ARLP | 200912 | 0.64 | $0.32 | -12.31% | 20100127 | BTO | 43.01 |
| Americredit Cp | ACF | 200912 | 0.08 | N/A | 216.67% | 20100127 | AMC | 21.73 |
| Amerigas Partnr | APU | 200912 | 1.22 | $0.80 | -12.28% | 20100127 | BTO | 41 |
| Amylin Pharma | AMLN | 200912 | -0.26 | ($0.36) | 36.67% | 20100127 | AMC | 17.63 |
| Astoria Finl Cp | AF | 200912 | 0.08 | $0.24 | 12.50% | 20100127 | AMC | 13.22 |
| Bally Tech Inc | BYI | 200912 | 0.58 | $0.59 | 0.00% | 20100127 | AMC | 45.57 |
| Bancorp Bnk/The | TBBK | 200912 | 0.02 | ($0.06) | 500.00% | 20100127 | AMC | 7.35 |
| Banner Corp | BANR | 200912 | -0.5 | ($1.01) | 51.65% | 20100127 | AMC | 3.11 |
| Bj Services | BJS | 200912 | 0.05 | $0.56 | -133.33% | 20100127 | BTO | 21.23 |
| Blackrock Inc | BLK | 200912 | 2.12 | $0.68 | 12.30% | 20100127 | BTO | 230.24 |
| Bmc Software | BMC | 200912 | 0.6 | $0.57 | 20.00% | 20100127 | AMC | 38.17 |
| Boeing Co | BA | 200912 | 1.37 | $0.62 | -4.72% | 20100127 | BTO | 59.2 |
| Bok Finl Corp | BOKF | 200912 | 0.66 | $0.53 | 10.29% | 20100127 | | 49.66 |
| Boston Priv Fin | BPFH | 200912 | 0.41 | $0.02 | 65.91% | 20100127 | AMC | 7.99 |
| Cabot Corp | CBT | 200912 | 0.26 | $0.08 | 150.00% | 20100127 | AMC | 26.5 |
| Caci Intl A | CACI | 200912 | 0.81 | $0.73 | 5.41% | 20100127 | DMT | 48.19 |
| Caterpillar Inc | CAT | 200912 | 0.28 | $1.08 | 814.29% | 20100127 | BTO | 56.85 |
| Celestica Inc | CLS | 200912 | 0.18 | $0.26 | 13.33% | 20100127 | AMC | 9.5 |
| Cgi Grp Inc -A | GIB | 200912 | 0.26 | $0.21 | 8.70% | 20100127 | BTO | 13.76 |
| Citrix Sys Inc | CTXS | 200912 | 0.4 | $0.37 | 0.00% | 20100127 | AMC | 42.81 |
| Cloud Peak Egy | CLD | 200912 | 0.48 | N/A | N/A | 20100127 | AMC | 15.11 |
| Cohu Inc | COHU | 200912 | -0.06 | ($0.20) | 136.36% | 20100127 | AMC | 12.89 |
| Conocophillips | COP | 200912 | 1.17 | $1.28 | 7.53% | 20100127 | DMT | 52.24 |
| Covance Inc | CVD | 200912 | 0.65 | $0.72 | 0.00% | 20100127 | AMC | 56.46 |
| Crown Castle | CCI | 200912 | -0.02 | ($0.04) | 166.67% | 20100127 | AMC | 38.43 |
| Cts Corp | CTS | 200912 | 0.14 | $0.15 | 85.71% | 20100127 | AMC | 8.89 |
| Cullen Frost Bk | CFR | 200912 | 0.75 | $0.89 | -2.60% | 20100127 | BTO | 52.34 |
| Dsp Group Inc | DSPG | 200912 | -0.19 | $0.03 | -50.00% | 20100127 | BTO | 5.91 |
| Duke Realty Cp | DRE | 200912 | 0.28 | $0.71 | 0.00% | 20100127 | AMC | 12.59 |
| E Trade Finl Cp | ETFC | 200912 | -0.04 | ($0.50) | 44.44% | 20100127 | AMC | 1.74 |
| Eagle Materials | EXP | 200912 | 0.16 | $0.26 | 0.00% | 20100127 | BTO | 24.52 |
| East West Bc | EWBC | 200912 | -0.25 | ($0.05) | -65.45% | 20100127 | | 17.25 |
| Energen Corp | EGN | 200912 | 0.85 | $0.91 | -3.17% | 20100127 | | 48.35 |
| Fair Isaac Inc | FICO | 200912 | 0.36 | $0.25 | -18.60% | 20100127 | AMC | 22.04 |
| First Cash Finl | FCFS | 200912 | 0.43 | $0.36 | 2.94% | 20100127 | | 22.7 |
| First Finl Hldg | FFCH | 200912 | -0.31 | ($0.58) | -159.38% | 20100127 | BTO | 12 |
| Flextronic Intl | FLEX | 200912 | 0.13 | $0.13 | 85.71% | 20100127 | AMC | 7.11 |
| Fortinet Inc | FTNT | 200912 | 0.06 | N/A | N/A | 20100127 | AMC | 18.39 |
| Genl Dynamics | GD | 200912 | 1.59 | $1.62 | 5.71% | 20100127 | BTO | 68.14 |
| Green Mtn Coffe | GMCR | 200912 | 0.16 | $0.11 | 3.03% | 20100127 | | 79.92 |
| Hanesbrands Inc | HBI | 200912 | 0.56 | $0.45 | 16.67% | 20100127 | AMC | 23.09 |
| Harris Corp | HRS | 200912 | 0.94 | $1.08 | 9.21% | 20100127 | AMC | 47.24 |
| Hershey Co/The | HSY | 200912 | 0.6 | $0.59 | 8.96% | 20100127 | BTO | 36.19 |
| Hess Corp | HES | 200912 | 0.86 | ($0.15) | 37.04% | 20100127 | BTO | 60.19 |
| Hexcel Corp | HXL | 200912 | 0.1 | $0.16 | -16.67% | 20100127 | AMC | 12.44 |
| Hoku Scientific | HOKU | 200912 | -0.03 | ($0.04) | 0.00% | 20100127 | AMC | 2.5 |
| Iberiabank Corp | IBKC | 200912 | 1.82 | $0.75 | -218.60% | 20100127 | AMC | 55.8 |
| Ill Tool Works | ITW | 200912 | 0.72 | $0.54 | 26.42% | 20100127 | BTO | 45.9 |
| Innovative Solu | ISSC | 200912 | 0.04 | $0.11 | 200.00% | 20100127 | AMC | 4.21 |
| Intersil Corp | ISIL | 200912 | 0.16 | $0.07 | 40.00% | 20100127 | AMC | 14.12 |
| Kirby Corp | KEX | 200912 | 0.59 | $0.72 | 0.00% | 20100127 | AMC | 34.4 |
| Knight Transn | KNX | 200912 | 0.16 | $0.19 | 0.00% | 20100127 | AMC | 19.49 |
| Lam Research | LRCX | 200912 | 0.4 | ($0.09) | 137.50% | 20100127 | AMC | 36.49 |
| Landstar System | LSTR | 200912 | 0.41 | $0.47 | 0.00% | 20100127 | AMC | 39.02 |
| Lecroy Corp | LCRY | 200912 | 0.01 | $0.10 | 100.00% | 20100127 | BTO | 3.9 |
| Legacy Bancorp | LEGC | 200912 | 0.05 | $0.15 | -625.00% | 20100127 | DMT | 9.74 |
| Logmein Inc | LOGM | 200912 | 0.1 | N/A | -20.00% | 20100127 | AMC | 19.83 |
| Lsi Corp | LSI | 200912 | 0.08 | $0.04 | 500.00% | 20100127 | AMC | 6.08 |
| Mainsource Finl | MSFG | 200912 | 0.04 | $0.07 | -80.00% | 20100127 | AMC | 4.73 |
| Marine Products | MPX | 200912 | -0.03 | ($0.03) | 33.33% | 20100127 | BTO | 4.95 |
| Mcclatchy Co-A | MNI | 200912 | 0.26 | $0.26 | 550.00% | 20100127 | DMT | 4.93 |
| Meadwestvaco Cp | MWV | 200912 | 0.24 | $0.10 | 85.19% | 20100127 | BTO | 26.43 |
| Mellanox Tech | MLNX | 200912 | 0.16 | $0.07 | 20.00% | 20100127 | AMC | 18.85 |
| Methanex Corp | MEOH | 200912 | 0.31 | ($0.03) | -133.33% | 20100127 | AMC | 23.76 |
| Moog Inc A | MOG.A | 200912 | 0.47 | $0.70 | 16.22% | 20100127 | BTO | 32.25 |
| Murphy Oil | MUR | 200912 | 0.87 | $0.83 | 1.03% | 20100127 | AMC | 54.1 |
| Netflix Inc | NFLX | 200912 | 0.45 | $0.38 | 13.04% | 20100127 | AMC | 51.19 |
| New York Cmnty | NYB | 200912 | 0.27 | $0.27 | 0.00% | 20100127 | BTO | 15.05 |
| Noble Corp | NE | 200912 | 1.56 | $1.59 | 2.60% | 20100127 | AMC | 43.3 |
| Norfolk Southrn | NSC | 200912 | 0.84 | $1.21 | 2.53% | 20100127 | AMC | 50.4 |
| Northwest Pipe | NWPX | 200912 | 0.01 | $0.92 | 0.00% | 20100127 | BTO | 25.45 |
| Nvr Inc | NVR | 200912 | 8.86 | ($5.54) | 52.50% | 20100127 | BTO | 721.5 |
| Omeros Corp | OMER | 200912 | -0.27 | N/A | N/A | 20100127 | AMC | 6.55 |
| Osi Systems Inc | OSIS | 200912 | 0.37 | $0.34 | 100.00% | 20100127 | BTO | 29.18 |
| Owens-Illinois | OI | 200912 | 0.47 | $0.45 | 1.06% | 20100127 | AMC | 30.11 |
| Phoenix Tech | PTEC | 200912 | -0.14 | ($0.29) | -16.67% | 20100127 | BTO | 3.17 |
| Piper Jaffray | PJC | 200912 | 0.53 | ($0.43) | 17.50% | 20100127 | BTO | 48 |
| Praxair Inc | PX | 200912 | 1.09 | $1.01 | 2.00% | 20100127 | BTO | 79.5 |
| Preferred Bank | PFBC | 200912 | -0.18 | ($0.05) | -235.90% | 20100127 | AMC | 1.85 |
| Pss World Med | PSSI | 200912 | 0.29 | $0.30 | 27.59% | 20100127 | AMC | 22.14 |
| Qualcomm Inc | QCOM | 200912 | 0.5 | $0.31 | -4.35% | 20100127 | AMC | 48.09 |
| Regis Corp/Mn | RGS | 200912 | 0.26 | $0.36 | 38.10% | 20100127 | BTO | 15.84 |
| Rockwell Automt | ROK | 200912 | 0.36 | $0.81 | 42.31% | 20100127 | BTO | 47.68 |
| Rollins Inc | ROL | 200912 | 0.14 | $0.13 | 4.55% | 20100127 | BTO | 18.92 |
| Rpc Inc | RES | 200912 | -0.07 | $0.21 | -10.00% | 20100127 | BTO | 12.07 |
| Ryland Grp Inc | RYL | 200912 | -0.27 | ($1.40) | -31.87% | 20100127 | AMC | 20.94 |
| Sap Ag Adr | SAP | 200912 | 0.94 | $0.95 | 3.45% | 20100127 | BTO | 46.57 |
| Sei Investments | SEIC | 200912 | 0.27 | $0.05 | 12.50% | 20100127 | BTO | 19 |
| Shoretel Inc | SHOR | 200912 | -0.08 | ($0.04) | 0.00% | 20100127 | AMC | 5.67 |
| Smith Intl | SII | 200912 | 0.09 | $1.00 | -53.33% | 20100127 | BTO | 31.16 |
| Solutia Inc | SOA | 200912 | 0.18 | ($0.18) | 18.52% | 20100127 | AMC | 12.65 |
| Southn Company | SO | 200912 | 0.3 | $0.26 | 1.02% | 20100127 | BTO | 33.15 |
| St Jude Medical | STJ | 200912 | 0.62 | $0.59 | 1.72% | 20100127 | BTO | 38.24 |
| Stancorp Fnl Cp | SFG | 200912 | 1.2 | $1.20 | 0.83% | 20100127 | AMC | 42.22 |
| Stanley Works | SWK | 200912 | 0.76 | $0.66 | 28.33% | 20100127 | BTO | 54.18 |
| Sun Microsys | JAVA | 200912 | -0.02 | ($0.01) | 54.55% | 20100127 | AMC | 9.47 |
| Surmodics | SRDX | 200912 | 0.19 | $0.48 | -20.00% | 20100127 | AMC | 20.63 |
| Susquehanna Bsh | SUSQ | 200912 | -0.03 | $0.21 | 175.00% | 20100127 | DMT | 7.69 |
| Symantec Corp | SYMC | 200912 | 0.33 | $0.39 | 0.00% | 20100127 | AMC | 18.63 |
| Taylor Cap Grp | TAYC | 200912 | -0.59 | ($1.62) | 39.29% | 20100127 | BTO | 8.76 |
| Teradyne Inc | TER | 200912 | 0.15 | ($0.19) | 16.67% | 20100127 | AMC | 10.43 |
| Tetra Tech New | TTEK | 200912 | 0.29 | $0.27 | 3.13% | 20100127 | AMC | 25.88 |
| Texas Cap Bcshs | TCBI | 200912 | 0.16 | $0.11 | -31.82% | 20100127 | AMC | 14.98 |
| Tractor Supply | TSCO | 200912 | 0.88 | $0.67 | 1.69% | 20100127 | AMC | 50.75 |
| Tyco Electr-Ltd | TEL | 200912 | 0.39 | $0.22 | 15.38% | 20100127 | BTO | 25.8 |
| Ual Corp | UAUA | 200912 | -1.47 | ($4.22) | 53.76% | 20100127 | BTO | 13.13 |
| Ugi Corp | UGI | 200912 | 0.9 | $0.95 | 16.67% | 20100127 | BTO | 25.15 |
| Unvl Stainless | USAP | 200912 | 0.06 | $0.18 | -54.55% | 20100127 | BTO | 19.07 |
| Usg Corp | USG | 200912 | -0.52 | ($1.31) | -29.27% | 20100127 | BTO | 13.93 |
| Utd Techs Corp | UTX | 200912 | 1.14 | $1.23 | 13.39% | 20100127 | BTO | 70.13 |
| Valero Energy | VLO | 200912 | -0.46 | $1.41 | -50.00% | 20100127 | BTO | 18.9 |
| Varian Medical | VAR | 200912 | 0.56 | $0.56 | 4.00% | 20100127 | AMC | 47.99 |
| Wellpoint Inc | WLP | 200912 | 1.02 | $1.34 | 28.06% | 20100127 | BTO | 65.5 |
| Werner Entrprs | WERN | 200912 | 0.24 | $0.26 | 30.00% | 20100127 | AMC | 21.04 |
| Westell Tech-A | WSTL | 200912 | 0.02 | ($0.04) | 33.33% | 20100127 | AMC | 1.3 |
| Wintrust Finl | WTFC | 200912 | 0.67 | $0.02 | -629.63% | 20100127 | BTO | 33.8 |
| Zhone Tech Inc | ZHNE | 200912 | 0.01 | ($0.03) | 0.00% | 20100127 | AMC | 0.6 |
| 1800Flowers.Com | FLWS | 200912 | 0.21 | $0.23 | 0.00% | 20100128 | BTO | 2.41 |
| 3M Co | MMM | 200912 | 1.21 | $0.97 | 17.09% | 20100128 | BTO | 82.7 |
| 3Par Inc | PAR | 200912 | -0.03 | $0.01 | 66.67% | 20100128 | AMC | 10.74 |
| Abaxis Inc | ABAX | 200912 | 0.17 | $0.15 | -17.65% | 20100128 | AMC | 24.09 |
| Acxiom Corp | ACXM | 200912 | 0.15 | N/A | 9.09% | 20100128 | BTO | 14.24 |
| Adaptec | ADPT | 200912 | -0.04 | $0.00 | 33.33% | 20100128 | | 3.23 |
| Airgas Inc | ARG | 200912 | 0.69 | $0.76 | 0.00% | 20100128 | AMC | 48.9 |
| Alaska Air Grp | ALK | 200912 | 0.29 | $0.45 | 3.10% | 20100128 | BTO | 37.23 |
| Alliance Fiber | AFOP | 200912 | 0.01 | $0.02 | N/A | 20100128 | AMC | 1.2 |
| Alliant Techsys | ATK | 200912 | 2.19 | $1.96 | 6.31% | 20100128 | BTO | 87.74 |
| Altria Group | MO | 200912 | 0.4 | $0.37 | 2.13% | 20100128 | BTO | 19.89 |
| Amazon.Com Inc | AMZN | 200912 | 0.71 | $0.52 | 36.36% | 20100128 | AMC | 126.62 |
| Amer Elec Pwr | AEP | 200912 | 0.46 | $0.59 | 9.41% | 20100128 | BTO | 36.11 |
| Anaren Inc | ANEN | 200912 | 0.21 | N/A | 16.67% | 20100128 | AMC | 14.7 |
| Appld Micro Cir | AMCC | 200912 | 0.01 | N/A | -200.00% | 20100128 | AMC | 8.16 |
| Arctic Cat Inc | ACAT | 200912 | -0.15 | ($0.15) | 30.65% | 20100128 | BTO | 9.03 |
| Ariba Inc | ARBA | 200912 | 0.05 | $0.10 | 0.00% | 20100128 | AMC | 12.3 |
| Arkansas Best | ABFS | 200912 | -0.29 | ($0.19) | 36.11% | 20100128 | BTO | 26.44 |
| Astrazeneca Plc | AZN | 200912 | 1.58 | $1.25 | 7.35% | 20100128 | DMT | 49.53 |
| At&T Inc | T | 200912 | 0.51 | $0.64 | 6.00% | 20100128 | BTO | 25.67 |
| Autonation Inc | AN | 200912 | 0.26 | $0.12 | 2.86% | 20100128 | BTO | 18.67 |
| Avid Tech Inc | AVID | 200912 | -0.01 | ($0.34) | -42.86% | 20100128 | | 12.69 |
| Avnet | AVT | 200912 | 0.59 | $0.63 | 29.41% | 20100128 | BTO | 28.33 |
| Ball Corp | BLL | 200912 | 0.71 | $0.56 | 5.08% | 20100128 | BTO | 51.14 |
| Banco Bradesco | BBD | 200912 | 0.33 | $0.24 | N/A | 20100128 | | 17.63 |
| Bard C R Inc | BCR | 200912 | 1.34 | $1.19 | 3.15% | 20100128 | AMC | 80.82 |
| Baxter Intl | BAX | 200912 | 1.03 | $0.91 | 2.08% | 20100128 | BTO | 59.6 |
| Bcp Rhode Isld | BARI | 200912 | 0.38 | $0.48 | -26.09% | 20100128 | | 24.29 |
| Becton Dickinso | BDX | 200912 | 1.21 | $1.26 | 0.81% | 20100128 | BTO | 76.15 |
| Bemis | BMS | 200912 | 0.36 | $0.33 | 23.08% | 20100128 | BTO | 28.91 |
| Berkshire Hills | BHLB | 200912 | 0.15 | $0.44 | -30.00% | 20100128 | AMC | 18.5 |
| Bristol Myr Sqb | BMY | 200912 | 0.44 | $0.46 | 1.96% | 20100128 | BTO | 24.95 |
| Brunswick Corp | BC | 200912 | -1.37 | ($0.38) | 11.03% | 20100128 | BTO | 12.77 |
| Ca Inc | CA | 200912 | 0.42 | $0.43 | 5.00% | 20100128 | AMC | 23.37 |
| Cabot Microelec | CCMP | 200912 | 0.41 | $0.01 | 44.44% | 20100128 | BTO | 33.15 |
| Cadence Finl Cp | CADE | 200912 | -0.43 | ($0.23) | -41.03% | 20100128 | AMC | 1.93 |
| Calif Micro Dev | CAMD | 200912 | -0.03 | ($0.16) | -8.33% | 20100128 | AMC | 4.7 |
| Callidus Softwr | CALD | 200912 | -0.15 | ($0.11) | -25.00% | 20100128 | AMC | 3.09 |
| Cardinal Health | CAH | 200912 | 0.46 | $0.93 | 25.58% | 20100128 | BTO | 32.03 |
| Cash Am Intl | CSH | 200912 | 0.98 | $0.74 | 1.39% | 20100128 | BTO | 36.72 |
| Cavco Indus Inc | CVCO | 200912 | 0.03 | $0.02 | 123.81% | 20100128 | AMC | 36.37 |
| Cavium Networks | CAVM | 200912 | -0.01 | ($0.03) | 14.29% | 20100128 | AMC | 23.23 |
| Cdn Pac Rlwy | CP | 200912 | 0.83 | $0.96 | -6.67% | 20100128 | BTO | 51.2 |
| Celgene Corp | CELG | 200912 | 0.57 | $0.39 | 2.04% | 20100128 | BTO | 57.79 |
| Cepheid Inc | CPHD | 200912 | -0.12 | ($0.10) | 41.67% | 20100128 | AMC | 15.77 |
| Ceva Inc | CEVA | 200912 | 0.06 | $0.04 | 200.00% | 20100128 | BTO | 11.6 |
| Chattem Inc | CHTT | 200911 | 1.06 | $0.87 | 2.48% | 20100128 | BTO | 93.24 |
| Check Pt Softw | CHKP | 200912 | 0.53 | $0.46 | 6.67% | 20100128 | BTO | 33.2 |
| China Bak Batry | CBAK | 200912 | -0.01 | ($0.03) | 33.33% | 20100128 | BTO | 2.8 |
| Chordiant Sftwr | CHRD | 200912 | -0.04 | ($0.01) | -266.67% | 20100128 | AMC | 3.68 |
| Chubb Corp | CB | 200912 | 1.46 | $1.58 | 20.93% | 20100128 | AMC | 48.75 |
| Cirrus Logic | CRUS | 200912 | 0.16 | $0.04 | 12.50% | 20100128 | BTO | 7.48 |
| Citizens Bkng | CRBC | 200912 | -0.12 | ($0.47) | 20.00% | 20100128 | AMC | 0.87 |
| City National | CYN | 200912 | 0.04 | $0.45 | -28.57% | 20100128 | AMC | 51.43 |
| Cnx Gas Corp | CXG | 200912 | 0.3 | $0.38 | -14.81% | 20100128 | BTO | 28.02 |
| Cobiz Finl Inc | COBZ | 200912 | -0.18 | ($0.38) | -64.29% | 20100128 | AMC | 4.62 |
| Coherent Inc | COHR | 200912 | 0 | $0.30 | 23.08% | 20100128 | AMC | 28.83 |
| Colgate Palmoli | CL | 200912 | 1.17 | $1.00 | 0.90% | 20100128 | BTO | 79.07 |
| Colonial Pptys | CLP | 200912 | 0.25 | $0.44 | 40.00% | 20100128 | BTO | 11.75 |
| Columbia Bk Sys | COLB | 200912 | -0.11 | $0.07 | 21.43% | 20100128 | DMT | 18.52 |
| Columbia Sports | COLM | 200912 | 0.39 | $0.79 | 36.63% | 20100128 | AMC | 41.23 |
| Columbus Mckinn | CMCO | 200912 | 0.11 | $0.53 | 50.00% | 20100128 | BTO | 15.06 |
| Computer Prgrms | CPSI | 200912 | 0.38 | $0.45 | 0.00% | 20100128 | AMC | 46.47 |
| Compuware Corp | CPWR | 200912 | 0.12 | $0.15 | 0.00% | 20100128 | AMC | 8.12 |
| Consol Energy | CNX | 200912 | 0.74 | $0.97 | -25.00% | 20100128 | BTO | 49.75 |
| Cybersource Cp | CYBS | 200912 | 0.18 | $0.14 | 13.33% | 20100128 | AMC | 18.66 |
| Cymer Inc | CYMI | 200912 | 0.36 | $0.13 | 140.00% | 20100128 | AMC | 35.44 |
| Cypress Semicon | CY | 200912 | -0.06 | ($0.30) | 33.33% | 20100128 | BTO | 11.45 |
| Cytec Inds Inc | CYT | 200912 | 0.39 | $0.10 | 78.12% | 20100128 | AMC | 39.25 |
| Danaher Corp | DHR | 200912 | 0.99 | $1.11 | 3.49% | 20100128 | BTO | 74.71 |
| Danvers Bancorp | DNBK | 200912 | -0.08 | $0.00 | 16.67% | 20100128 | AMC | 13.02 |
| Deluxe Corp | DLX | 200912 | 0.62 | $0.68 | 11.11% | 20100128 | BTO | 15.97 |
| Digital River | DRIV | 200912 | 0.24 | $0.46 | -3.03% | 20100128 | AMC | 25.25 |
| Dollar Finl Cp | DLLR | 200912 | 0.47 | $0.49 | 43.90% | 20100128 | AMC | 23.06 |
| Dominion Res Va | D | 200912 | 0.61 | $0.72 | 10.00% | 20100128 | BTO | 38.53 |
| Dun &Bradst-New | DNB | 200912 | 1.75 | $1.87 | 0.89% | 20100128 | AMC | 80.35 |
| Eastman Chem Co | EMN | 200912 | 1.01 | $0.05 | 22.12% | 20100128 | AMC | 58.75 |
| Eastman Kodak | EK | 200912 | 0.18 | ($0.08) | -21.05% | 20100128 | BTO | 4.55 |
| Elizabeth Arden | RDEN | 200912 | 0.71 | $0.61 | 183.33% | 20100128 | BTO | 16.06 |
| Eqt Corp | EQT | 200912 | 0.39 | $0.26 | 22.22% | 20100128 | BTO | 43.27 |
| Estee Lauder | EL | 200912 | 1.26 | $0.80 | 150.00% | 20100128 | BTO | 53.53 |
| Ethan Allen Int | ETH | 200912 | 0 | $0.19 | 9.09% | 20100128 | BTO | 14.82 |
| Exar Corp | EXAR | 200912 | -0.11 | ($0.10) | 28.57% | 20100128 | AMC | 6.9 |
| Federated Invst | FII | 200912 | 0.53 | $0.52 | 7.69% | 20100128 | AMC | 26.88 |
| Financial Inst | FISI | 200912 | 0.27 | N/A | -11.54% | 20100128 | | 11.7 |
| First Comw Finl | FCF | 200912 | 0 | $0.11 | -157.14% | 20100128 | BTO | 5.81 |
| First Fin Bk-Tx | FFIN | 200912 | 0.65 | $0.62 | 1.52% | 20100128 | AMC | 53.5 |
| Ford Motor Co | F | 200912 | 0.23 | ($1.37) | 273.33% | 20100128 | BTO | 11.18 |
| Formfactor Inc | FORM | 200912 | -0.58 | ($0.51) | -20.00% | 20100128 | AMC | 16.75 |
| Foster Lb Co | FSTR | 200912 | 0.31 | $0.55 | 53.85% | 20100128 | BTO | 27.41 |
| Franklin Resour | BEN | 200912 | 1.47 | $0.52 | 21.21% | 20100128 | BTO | 104.72 |
| Gentex Corp | GNTX | 200912 | 0.18 | $0.05 | 41.67% | 20100128 | BTO | 18 |
| Genworth Finl | GNW | 200912 | 0.09 | ($0.48) | 2300.00% | 20100128 | AMC | 12.9 |
| Glacier Bancorp | GBCI | 200912 | 0.04 | $0.29 | -121.43% | 20100128 | AMC | 15.07 |
| Goodrich Corp | GR | 200912 | 0.89 | $1.35 | 9.80% | 20100128 | BTO | 62.69 |
| Greenhill & Co | GHL | 200912 | 0.17 | $0.44 | 6.32% | 20100128 | AMC | 76.49 |
| Harsco Corp | HSC | 200912 | 0.45 | $0.46 | 8.51% | 20100128 | BTO | 33.12 |
| Helmerich&Payne | HP | 200912 | 0.49 | $1.35 | 6.82% | 20100128 | BTO | 47.12 |
| Heritage Fin Cp | HFWA | 200912 | 0 | $0.01 | 100.00% | 20100128 | BTO | 13.58 |
| Hub Group Inc-A | HUBG | 200912 | 0.24 | $0.38 | 13.04% | 20100128 | AMC | 27.54 |
| Hubbell Inc -B | HUB.B | 200912 | 0.74 | $0.82 | 16.36% | 20100128 | BTO | 45.56 |
| Hunt (Jb) Trans | JBHT | 200912 | 0.32 | $0.43 | 10.71% | 20100128 | BTO | 32.92 |
| Immunogen Inc | IMGN | 200912 | -0.21 | ($0.14) | -10.00% | 20100128 | AMC | 7.53 |
| Informatica Crp | INFA | 200912 | 0.24 | $0.24 | 17.65% | 20100128 | AMC | 24.99 |
| Integr Sili Sol | ISSI | 200912 | 0.03 | ($0.16) | 300.00% | 20100128 | AMC | 5.4 |
| Interact Intell | ININ | 200912 | 0.22 | $0.08 | -3.70% | 20100128 | AMC | 19.66 |
| Intl Coal Group | ICO | 200912 | 0.01 | ($0.09) | 140.00% | 20100128 | AMC | 3.99 |
| Intl Speedway | ISCA | 200911 | 0.57 | $0.73 | -13.16% | 20100128 | BTO | 29.49 |
| Invesco Ltd | IVZ | 200912 | 0.28 | $0.17 | 4.35% | 20100128 | BTO | 21.45 |
| Investors Bancp | ISBC | 200912 | 0.09 | $0.07 | 42.86% | 20100128 | AMC | 11.43 |
| Janus Cap Grp | JNS | 200912 | 0.19 | $0.05 | 42.86% | 20100128 | BTO | 13.86 |
| Jetblue Airways | JBLU | 200912 | 0.03 | ($0.02) | -20.00% | 20100128 | BTO | 5.63 |
| Juniper Netwrks | JNPR | 200912 | 0.21 | $0.27 | 0.00% | 20100128 | AMC | 26.12 |
| Kansas City Sou | KSU | 200912 | 0.29 | $0.40 | 17.39% | 20100128 | BTO | 31.52 |
| Kennametal Inc | KMT | 200912 | 0.05 | $0.35 | 71.43% | 20100128 | BTO | 27 |
| Kensey Nash Cp | KNSY | 200912 | 0.38 | $0.44 | 7.50% | 20100128 | BTO | 26.02 |
| Key Technology | KTEC | 200912 | -0.07 | $0.08 | -150.00% | 20100128 | DMT | 14.1 |
| Kla-Tencor Corp | KLAC | 200912 | 0.26 | ($0.12) | 0.00% | 20100128 | AMC | 32.85 |
| K-Sea Transport | KSP | 200912 | 0.03 | $0.44 | -85.19% | 20100128 | BTO | 13.36 |
| L-3 Comm Hldgs | LLL | 200912 | 1.86 | $2.04 | 2.70% | 20100128 | BTO | 86.61 |
| La Barge | LB | 200912 | 0.19 | $0.25 | 14.29% | 20100128 | BTO | 10.97 |
| Lancaster Colon | LANC | 200912 | 0.99 | $0.82 | 30.67% | 20100128 | BTO | 50.99 |
| Lasercard Corp | LCRD | 200912 | 0.04 | ($0.07) | -31.25% | 20100128 | AMC | 5.89 |
| Lattice Semicon | LSCC | 200912 | 0.02 | ($0.04) | 100.00% | 20100128 | AMC | 2.52 |
| Leggett & Platt | LEG | 200912 | 0.24 | $0.03 | 25.93% | 20100128 | AMC | 20.36 |
| Life Technologs | LIFE | 200912 | 0.72 | $0.83 | 19.67% | 20100128 | BTO | 48.82 |
| Lilly Eli & Co | LLY | 200912 | 0.92 | $1.07 | 17.65% | 20100128 | BTO | 36.11 |
| Lockheed Martin | LMT | 200912 | 1.98 | $2.05 | 13.11% | 20100128 | BTO | 76.98 |
| Macatawa Bank | MCBC | 200912 | -0.6 | ($0.47) | -227.78% | 20100128 | DMT | 1.98 |
| Maxim Intg Pdts | MXIM | 200912 | 0.18 | $0.02 | 33.33% | 20100128 | AMC | 18.74 |
| Mbt Finl Corp | MBTF | 200912 | -0.28 | N/A | 68.75% | 20100128 | AMC | 1.59 |
| Mccormick & Co | MKC | 200911 | 0.9 | $0.84 | 5.56% | 20100128 | BTO | 37.04 |
| Mead Johnson Nu | MJN | 200912 | 0.51 | $0.36 | -1.85% | 20100128 | BTO | 45.12 |
| Media Genl A | MEG | 200912 | 0.46 | $0.39 | 53.85% | 20100128 | BTO | 8.1 |
| Medical Pptys | MPW | 200912 | 0.21 | $0.22 | -4.55% | 20100128 | BTO | 10.35 |
| Micrel Semicond | MCRL | 200912 | 0.12 | $0.08 | 37.50% | 20100128 | AMC | 8.15 |
| Microsoft Corp | MSFT | 200912 | 0.59 | $0.47 | 25.00% | 20100128 | AMC | 30.01 |
| Mips Tech Inc | MIPS | 200912 | 0.07 | $0.12 | 33.33% | 20100128 | AMC | 4.17 |
| Monro Muffler | MNRO | 200912 | 0.35 | $0.28 | 4.26% | 20100128 | BTO | 32.39 |
| Motorola Inc | MOT | 200912 | 0.08 | ($0.01) | -999.00% | 20100128 | BTO | 7.37 |
| Multi-Color | LABL | 200912 | 0.23 | $0.14 | -17.65% | 20100128 | BTO | 11.59 |
| Natl Penn Bcshs | NPBC | 200912 | 0 | ($0.45) | -900.00% | 20100128 | DMT | 7.19 |
| Nbty Inc | NTY | 200912 | 0.91 | $0.30 | 12.05% | 20100128 | AMC | 42.78 |
| Network Engines | NENG | 200912 | 0 | ($0.01) | 100.00% | 20100128 | BTO | 1.51 |
| Newmarket Corp | NEU | 200912 | 2.83 | $1.27 | 81.31% | 20100128 | AMC | 118 |
| Nokia Cp-Adr A | NOK | 200912 | 0.29 | $0.34 | 38.89% | 20100128 | | 12.9 |
| Nstar | NST | 200912 | 0.45 | $0.39 | -1.20% | 20100128 | AMC | 35.87 |
| Occidental Pet | OXY | 200912 | 1.23 | $1.18 | 5.56% | 20100128 | BTO | 76.01 |
| Oclaro Inc | OCLR | 200912 | 0.01 | $0.01 | 100.00% | 20100128 | AMC | 1.8 |
| Old Dominion Fl | ODFL | 200912 | 0.23 | $0.30 | -12.50% | 20100128 | BTO | 26.86 |
| Old Rep Intl | ORI | 200912 | -0.25 | ($0.31) | -64.71% | 20100128 | BTO | 10.8 |
| Omnicell Inc | OMCL | 200912 | 0.03 | $0.10 | 50.00% | 20100128 | AMC | 13.22 |
| Oplink Commnctn | OPLK | 200912 | 0.14 | $0.06 | 30.00% | 20100128 | AMC | 15.88 |
| Optionsxpress | OXPS | 200912 | 0.25 | $0.32 | 7.69% | 20100128 | BTO | 15.05 |
| Oshkosh Corp | OSK | 200912 | 1 | ($0.28) | 70.59% | 20100128 | BTO | 35.68 |
| Overstock.Com | OSTK | 200912 | 0.46 | $0.04 | 0.00% | 20100128 | BTO | 12.35 |
| Pacific Capital | PCBC | 200912 | -0.58 | ($0.92) | -8.75% | 20100128 | BTO | 1.59 |
| Pmc-Sierra Inc | PMCS | 200912 | 0.13 | $0.07 | 36.36% | 20100128 | AMC | 8.14 |
| Polaris Indus | PII | 200912 | 1.23 | $1.11 | 11.90% | 20100128 | BTO | 44.22 |
| Potash Sask | POT | 200912 | 0.81 | $2.56 | 1.23% | 20100128 | BTO | 112.64 |
| Procter & Gambl | PG | 200912 | 1.39 | $0.94 | 0.00% | 20100128 | BTO | 59.84 |
| Provident Finl | PROV | 200912 | -0.27 | ($1.05) | -645.45% | 20100128 | BTO | 3.36 |
| Quality Sys | QSII | 200912 | 0.45 | $0.46 | 2.50% | 20100128 | AMC | 61.18 |
| Quantum Cp-Dssg | QTM | 200912 | 0.08 | $0.11 | 200.00% | 20100128 | AMC | 2.95 |
| Quixote Corp | QUIX | 200912 | 0.02 | ($0.29) | 200.00% | 20100128 | BTO | 6.35 |
| Rambus Inc | RMBS | 200912 | -0.26 | ($0.10) | -8.33% | 20100128 | AMC | 24.02 |
| Raytheon Co | RTN | 200912 | 1.24 | $1.13 | 7.76% | 20100128 | BTO | 53.64 |
| Robt Half Intl | RHI | 200912 | 0.05 | $0.26 | 50.00% | 20100128 | AMC | 27.31 |
| Rockwell Collin | COL | 200912 | 0.74 | $0.95 | 5.68% | 20100128 | BTO | 54.47 |
| Royal Caribbean | RCL | 200912 | -0.06 | $0.01 | 7.00% | 20100128 | BTO | 26.57 |
| Ruddick Corp | RDK | 200912 | 0.47 | $0.47 | 4.26% | 20100128 | | 27.06 |
| Sandisk Corp | SNDK | 200912 | 0.57 | ($1.75) | 378.57% | 20100128 | AMC | 29.36 |
| Sandy Spring | SASR | 200912 | -0.37 | ($0.23) | 8.16% | 20100128 | | 10.07 |
| Scansource Inc | SCSC | 200912 | 0.44 | $0.43 | -6.82% | 20100128 | AMC | 28.18 |
| Seacoast Bkng A | SBCF | 200912 | -0.33 | ($0.95) | -426.09% | 20100128 | AMC | 1.95 |
| Signature Bank | SBNY | 200912 | 0.36 | $0.37 | 8.82% | 20100128 | BTO | 33.85 |
| Snap-On Inc | SNA | 200912 | 0.55 | $1.01 | -10.20% | 20100128 | BTO | 43.39 |
| Solarwinds Inc | SWI | 200912 | 0.14 | N/A | 0.00% | 20100128 | AMC | 20.54 |
| Southwest Bc-Ok | OKSB | 200912 | 0.08 | $0.20 | -36.36% | 20100128 | AMC | 6.8 |
| Stanley Inc | SXE | 200912 | 0.47 | $0.41 | 16.67% | 20100128 | AMC | 27.6 |
| Strattec Sec Cp | STRT | 200912 | 0.24 | ($0.38) | 182.86% | 20100128 | | 20.83 |
| Sunpower Corp-A | SPWRA | 200912 | 0.34 | $0.49 | 3.70% | 20100128 | AMC | 21.98 |
| Sybase Inc | SY | 200912 | 0.66 | $0.71 | 7.69% | 20100128 | BTO | 42.17 |
| Synovus Finl Cp | SNV | 200912 | -0.6 | ($0.59) | -21.74% | 20100128 | AMC | 2.95 |
| T Rowe Price | TROW | 200912 | 0.55 | $0.09 | 8.70% | 20100128 | | 51.92 |
| Taleo Corp-A | TLEO | 200912 | 0.1 | N/A | 50.00% | 20100128 | AMC | 23.02 |
| Teledyne Tech | TDY | 200912 | 0.75 | $0.84 | 0.00% | 20100128 | BTO | 40.12 |
| Tessera Tec Inc | TSRA | 200912 | 0.13 | $0.27 | 27.27% | 20100128 | AMC | 18.88 |
| Textron Inc | TXT | 200912 | 0.09 | $0.40 | 700.00% | 20100128 | BTO | 21.43 |
| Time Warner Cab | TWC | 200912 | 0.88 | $1.05 | 0.00% | 20100128 | BTO | 44.88 |
| Transcend Svcs | TRCR | 200912 | 0.22 | $0.17 | 5.00% | 20100128 | BTO | 20.85 |
| Tyco Intl Ltd | TYC | 200912 | 0.56 | $0.61 | 12.96% | 20100128 | BTO | 37.73 |
| Umpqua Hldgs Cp | UMPQ | 200912 | -0.07 | $0.05 | -566.67% | 20100128 | BTO | 13.94 |
| Under Armour-A | UA | 200912 | 0.25 | $0.17 | 18.18% | 20100128 | BTO | 27.34 |
| Us Airways Grp | LCC | 200912 | -0.55 | ($1.93) | 11.70% | 20100128 | BTO | 5.46 |
| Usa Truck Inc | USAK | 200912 | -0.16 | $0.09 | -77.78% | 20100128 | BTO | 12.46 |
| Varian Semi | VSEA | 200912 | 0.19 | ($0.19) | 120.00% | 20100128 | AMC | 33.38 |
| Vistaprint Nv | VPRT | 200912 | 0.47 | $0.42 | 20.83% | 20100128 | AMC | 52.57 |
| Waddell&Reed -A | WDR | 200912 | 0.38 | $0.21 | 12.12% | 20100128 | BTO | 31.87 |
| Washington Bnkg | WBCO | 200912 | 0.16 | $0.18 | 30.00% | 20100128 | AMC | 11.64 |
| Wesco Intl Inc | WCC | 200912 | 0.51 | $1.05 | -8.70% | 20100128 | BTO | 30.32 |
| World Acceptanc | WRLD | 200912 | 0.66 | $0.53 | 20.27% | 20100128 | BTO | 40.77 |
| Xcel Energy Inc | XEL | 200912 | 0.36 | $0.35 | -5.88% | 20100128 | BTO | 21.37 |
| Yadkin Valy Fin | YAVY | 200912 | -0.34 | $0.02 | -1200.00% | 20100128 | BTO | 3.95 |
| Yrc Worldwd Inc | YRCW | 200912 | -1.73 | ($1.63) | -62.20% | 20100128 | AMC | 0.89 |
| Zenith Natl Ins | ZNT | 200912 | 0.1 | $0.43 | 77.78% | 20100128 | AMC | 29.43 |
| Zimmer Holdings | ZMH | 200912 | 1.08 | $1.00 | 3.53% | 20100128 | BTO | 61.35 |
| Arch Coal Inc | ACI | 200912 | 0.15 | $0.44 | 300.00% | 20100129 | BTO | 25.31 |
| Autoliv Inc | ALV | 200912 | 0.8 | ($0.17) | 33.33% | 20100129 | BTO | 41.99 |
| Avery Dennison | AVY | 200912 | 0.67 | $0.40 | 43.86% | 20100129 | BTO | 38.66 |
| Bryn Mawr Bk Cp | BMTC | 200912 | 0.27 | $0.12 | 3.45% | 20100129 | | 15.1 |
| Center Finl Cp | CLFC | 200912 | -1.37 | $0.30 | 32.14% | 20100129 | | 5.17 |
| Chevron Corp | CVX | 200912 | 1.7 | $2.14 | 21.13% | 20100129 | BTO | 76.24 |
| Dover Corp | DOV | 200912 | 0.48 | $0.91 | 20.83% | 20100129 | BTO | 44.85 |
| Enbridge Egy Pt | EEP | 200912 | 0.64 | $0.67 | 43.33% | 20100129 | AMC | 54.59 |
| Encore Bancshrs | EBTX | 200912 | -0.09 | ($1.02) | -120.00% | 20100129 | BTO | 8.11 |
| Fortune Brands | FO | 200912 | 0.53 | $0.68 | 22.22% | 20100129 | BTO | 43.9 |
| Graham Corp | GHM | 200912 | 0.07 | $0.37 | 533.33% | 20100129 | BTO | 18.82 |
| Honeywell Intl | HON | 200912 | 0.9 | $0.97 | 5.56% | 20100129 | BTO | 40.73 |
| Horizon Lines-A | HRZ | 200912 | 0.15 | $0.09 | 60.87% | 20100129 | BTO | 6.2 |
| Idexx Labs Inc | IDXX | 200912 | 0.45 | $0.44 | 15.56% | 20100129 | | 58.36 |
| Infineon Tech | IFNNY | 200912 | 0.07 | ($0.21) | N/A | 20100129 | DMT | 5.43 |
| Mattel Inc | MAT | 200912 | 0.68 | $0.49 | -1.56% | 20100129 | BTO | 20.58 |
| Metrocorp Bancs | MCBI | 200912 | 0 | ($0.21) | 66.67% | 20100129 | AMC | 3.34 |
| Newell Rubbermd | NWL | 200912 | 0.27 | $0.11 | 8.57% | 20100129 | BTO | 14.77 |
| Nustar Energy | NS | 200912 | 0.47 | $0.47 | 5.10% | 20100129 | BTO | 57.73 |
| Nustar Gp Hldgs | NSH | 200912 | 0.25 | $0.25 | -4.55% | 20100129 | | 28.76 |
| Paccar Inc | PCAR | 200912 | 0.07 | $0.31 | 0.00% | 20100129 | BTO | 37.09 |
| Providnt Fin Sv | PFS | 200912 | 0.17 | $0.13 | 7.14% | 20100129 | BTO | 11.98 |
| Rbc Bearings | ROLL | 200912 | 0.28 | $0.41 | -7.69% | 20100129 | | 24.28 |
| Saia Inc | SAIA | 200912 | -0.32 | $0.11 | 2500.00% | 20100129 | BTO | 12.32 |
| Southn Commnty | SCMF | 200912 | -0.56 | $0.08 | 40.00% | 20100129 | BTO | 2.41 |
| Utd Cmnty Bk/Ga | UCBI | 200912 | -0.43 | ($0.97) | -2.20% | 20100129 | BTO | 4.72 |
| West Bancorp | WTBA | 200912 | 0.08 | $0.12 | 133.33% | 20100129 | BTO | 4.95 |
| Wilmington Trst | WL | 200912 | 0.01 | ($0.09) | 171.43% | 20100129 | BTO | 14.84 |
Dirk van Dijk, CFA is the Chief Equity Strategist for Zacks.com. With more than 25 years investment experience he has become a popular commentator appearing in the Wall Street Journal and on CNBC. Dirk is also the Editor in charge of the market-beating Zacks Strategic Investor service.
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Earnings Preview 1/22/10
Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&P 500, and fully one third of the Dow 30. These will include such bellwethers as DuPont ( DD - Analyst Report ) , Johnson & Johnson ( JNJ - Analyst Report ) , Verizon ( VZ - Analyst Report ) , Boeing ( BA - Analyst Report ) , Caterpillar ( CAT - Analyst Report ) , United Technologies ( UTX - Analyst Report ) , 3M (MMM), Altria (MO), Procter & Gamble (PG) and Chevron (CVX). And those are just the Dow names reporting results.
Early in the week, the economic data on housing will be front and center, while the middle of the week brings a Fed meeting, and at the end of the week we get the first look at fourth quarter GDP. All in all, a very busy week coming up.
Monday
•Data on Existing Home Sales in December is released. The pending home sales data suggests a drop, in part due to the first-time buyer tax credit almost expiring, and the hangover caused by people rushing to buy in front of the deadline that was later extended. The consensus is for Sales to have dropped to an Annual rate of 6.00 million from November’s pace of 6.54 million. However, used home sales have little direct impact on economic growth.
Tuesday
•The Case-Schiller Housing Price Index is released for November. The year-over-year decline in housing prices is expected to have slowed to 5.20% from the 7.28% rate in October for the 20 metropolitan areas they track. Sequentially, that implies a small increase in housing prices.
•The Consumer Confidence Index is expected to have dropped slightly in January to 52.9 from 53.3 in December.
Wednesday
•New Home Sales are expected to have increased to a seasonally adjusted annual rate of 370,000 in December from a 355,000 rate in November. New home sales, unlike used home sales, are extremely important for economic growth. An increase would be very nice, but we are still going to be at extremely low absolute levels.
•The Federal Reserve will almost certainly keep the Fed Funds rate in the range between 0 and 0.25%. However, Fed Watchers will carefully dissect the policy statement to see if there is any change in the Fed’s outlook for the economy and for clues about just how long the “extended period of time” is that they will keep rates at “extraordinarily low levels."
Thursday
•Weekly initial claims for unemployment insurance come out. They rose in the last week, but before that were in a very steep downtrend. Last week there were 482,000 initial claims. Look for the decline to resume. Continuing claims have also been in a steep downtrend of late. However, that is in part due to people simply exhausting their regular state benefits which run out after 26 weeks. If one factors in the extended claims paid by the Federal government as part of the Stimulus program, claims soared last week. Looking at just the regular continuing claims numbers is a serious mistake. They only include a little over half of the unemployed now given the unprecedentedly high duration of unemployment figures. Last week regular continuing claims were 4.599 million while extended claims (paid from Federal ARRA funds) were 5.917 million. Make sure to look at both sets of numbers!
Friday
•We get the first look at fourth quarter GDP. In the third quarter, growth was originally estimated to be 3.5% but was revised down sharply in the next two looks at it, finally settling at 2.2% growth. This time out 4.5% is expected, at least for the first look. The details and composition of the report are very important. Growth caused by an inventory rebound is much less significant than if we get a rebound in business fixed investment.
•The inflation gauge built into the GDP report, the Chain Deflator, is expected to show inflation at a 1.3% rate, up from 0.4% in the third quarter. Still a very low absolute level.
•The Chicago Purchasing Managers Index is expected to show growth in the Midwest is continuing in January, but at a slower rate than in December, with a reading of 56.0 expected, down from 58.7. Any reading over 50.0 indicates expansion.
•The University of Michigan Consumer Sentiment index is expected to show a slight rise for January, up to 73.0 from 72.8 in December.
Potential Positive Surprises
Historically, the best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. While normally firms that report better-than-expected earnings rise in reaction, that has not been the case so far this quarter. Some of the companies that have these characteristics include:
Corning (GLW) is expected to report EPS of $0.42, up from $0.13 per share a year ago. Last time out, GLW posted a positive surprise of 7.69% and over the last month the mean estimate for its fourth quarter earnings is up 1.04%. GLW has a Zacks Rank of 1.
MeadWestvaco (MWV) is expected to report EPS before non-recurring items of $0.24, up from $0.10 a year ago In the 3Q, MVW posted a positive surprise of 85.19% and over the last month, the consensus estimate for its 4Q earnings is up 4.83%. GE is a Zacks Rank #1 stock.
Estee Lauder (EL) is expected to earn $1.26 per share this year, up from $0.80 a year ago. In the third quarter the company blew estimates out of the water with a massive 150.0% positive surprise. Over the last month, the mean estimate for the 4Q is up 43.27%. EL also holds the coveted Zacks #1 Rank.
Potential Negative Surprises
Mead Johnson (MJN) is expected to post EPS of $0.51 a share, an improvement from a EPS of $0.36 a share a year ago. Last time the company disappointed by 1.85%. For this Zacks #4 Ranked stock, analysts have cut the estimates for this quarter by 1.4% over the last month.
Smith International (SII) is expected to earn $0.09 a share this quarter, down sharply from the $1.00 last year. The company disappointed by 53.33% last time out, and analysts have cut their estimates for this quarter by 6.63% over the last month. The stock holds a Zacks Rank of 4.
FPL Group (FPL) is expected to report EPS of $0.73 down from $0.90 last year. The Florida Utility disappointed by 0.72% last time out and over the past month analysts have cut the estimate for this Zacks #4 Ranked stock by 17.27%.
Earnings Calendar
EPS
Surprise %
Dirk van Dijk, CFA is the Chief Equity Strategist for Zacks.com. With more than 25 years investment experience he has become a popular commentator appearing in the Wall Street Journal and on CNBC. Dirk is also the Editor in charge of the market-beating Zacks Strategic Investor service.
Read the full reports :
Analyst Report on VZ
Analyst Report on UTX
Analyst Report on JNJ
Analyst Report on DD
Analyst Report on CAT
Analyst Report on BA