Stock Market May 5, 2009 5/5/09 Wall Street

The stock market exploded higher on Monday due to a better then expected manufacturing number out of China and the fact that March U.S Pending Home Sales showed an increase of 3.2%. This is big news!

What's in store for the stock market Tuesday, May 5th?

Stock Forum - www.stockstobuy.org

Stock Market May 5, 2009

Economic Data:

ISM Services due out at 10am - Wall Street expects a reading of 42.0.

Earnings Reports: The following companies will report earnings Tuesday.


Archer Daniels ADM 5/05 8am .49EPS

Intercontinental Exchange ICE 5/05 8am .96EPS

Tenet Healthcare THC 5/05 8am .03EPS

Walt Disney DIS 5/05 4pm .41EPS

ValueClick VCLK 5/05 4pm .12EPS

True Religion Apparel TRLG 5/05 4pm .29EPS

Electronic Arts ERTS 5/05 4pm -.42EPS

Keep in mind, the bank stress test results will be released on Thursday and the employment report will be released on Friday. We are looking at a busy end of the week coming up soon! The Dow Jones is now testing resistance of 8500 and looks poised to break through this area sometime this week.

I will post my stocks to watch list later today, Right Here

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