Premarket Trading Ideas for Sept 10th: VRA, SYMX, RH, MW, FIVE, DIOD, PANW, KKD, WBAI, EXAS, VNET, CMGE, AAPL

Earnings before market Open:

VRA, SYMX

Earnings after market close:

RH, MW, FIVE

Economic Calendar:

US JOLTS Job Openings: Wednesday, 10:00 am EST: The measure of job openings is watched closely by the Federal Reserve for longer term employment trends, despite the fact that it is lagging: we now get the figure for July, not for August like the NFP. A rise from 4.67 seen in June to 4.72 is expected now. 

New Zealand Rate decision: Wednesday, 9.00 pm EST. The Reserve Bank of New Zealand raised its official Cash Rate to 3.5% in July from 3.25% in the previous month. This was the fourth hike in five months amid a growth trend in the economy. The rise was in line with market forecast but economists believe this was the last rise in this hike series, after which the Bank will assess the tightening measures impact on the economy. The Reserve Bank has previously announced another rate hike of 1.25% by the end of 2014 and 2015 reaching a ‘neutral’ level of 4.5%. The bank said the economy was expected to expand at an annual pace of 3.7% in 2014. No changes are forecasted this time.

Australian employment data: Wednesday, 9:30 pm EST. Australia’s unemployment rate soared to a 12-year high of 6.4% in July from 6.0% in the previous month while economists expected the rate to remain at 6.0%. The economy contracted 300 jobs following a 15,900 job addition in June. Full-time positions increased by 14,500 while part-time roles declined 14,800. The participation rate, increased by 0.1% to 64.8%. Economists believe this decline is only a temporary glitch reflecting the volatility of month-to-month data. Australia’s job market is expected to gain 15,200 jobs while the Unemployment rate is expected to decline to 6.3%.

Chart of the day:

AAPL Chart

AAPL Chart

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