Premarket Trading Ideas for June 2nd: AMBA, GPRO, NCS, VMEM, PVH, CONN, DG, MDT, SOL, DAKT

Day Trade stock ideas:

CONN, DG, AMBA, GPRO

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				3:55	EUR	German Unemployment Rate (sa)	high		6.4	6.4
				3:55	EUR	German Unemployment Change	med		-10	-8
				5:00	EUR	Flash HICP - Core	high		0.7	0.6
				5:00	EUR	Flash HICP	high		0.2
				5:00	EUR	PPI	med		0.1	0.2
				5:00	EUR	PPI	med		-2	-2.3
				10:00	USD	Factory orders	med		-0.1	2.1
				10:00	USD	IBD consumer optimism	med		49.9	49.7

Premarket Earning report:

Medtronic, Inc. ( MDT ) is reporting for the quarter ending April 30, 2015. The medical products company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.11. This value represents a 0.89% decrease compared to the same quarter last year. In the past year MDT has met analyst expectations twice and beat the expectations the other two quarters. 

Dollar General Corporation ( DG) is reporting for the quarter ending April 30, 2015. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.82. This value represents a 13.89% increase compared to the same quarter last year. 

Cracker Barrel Old Country Store, Inc. ( CBRL) is reporting for the quarter ending April 30, 2015. The restaurant company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.39. This value represents a 13.01% increase compared to the same quarter last year. In the past year CBRL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 19.14%. The "days to cover" for this stock exceeds 12 days. 

Conn's, Inc. ( CONN ) is reporting for the quarter ending April 30, 2015. The retail company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.42. This value represents a 47.50% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 14 days. 

American Woodmark Corporation ( AMWD ) is reporting for the quarter ending April 30, 2015. The furniture company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.56. This value represents a 64.71% increase compared to the same quarter last year. AMWD missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -22.73%. 

Daktronics, Inc. ( DAKT) is reporting for the quarter ending April 30, 2015. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.14. This value represents a 55.56% increase compared to the same quarter last year.

Renesola Ltd. ( SOL) is reporting for the quarter ending March 31, 2015. The solar company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.05. This value represents a 64.29% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. 

After hour earning:

ABM, AMBA, ASNA, GIII, GES, GWRE, NCS, VMEM

After hour movers:

PVH Corp. (NYSE: PVH) 3.7% HIGHER; reported Q1 EPS of $1.50, $0.12 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.86 billion. PVH Corp. sees FY2015 EPS of $6.85 - $6.95, versus the consensus of $6.86. PVH sees Q2 EPS of $1.25 - $1.30, with the Street at $1.43.

The Manitowoc Company (NYSE: MTW) 2.8% HIGHER; In a 13D filing hedge fund Glenview Capital disclosed a 7.06%, or 9,614,197 share, stake in the company. This is up 11.61% from the 8,614,197 shares held at the end of the latest quarter ending March 31, 2015.

Old Dominion Freight Line (NASDAQ: ODFL) 2.1% LOWER;reported a year-over-year increase in its less-than-truckload (“LTL”) tons per day for May 2015 of 9.6%, which followed comparable-period growth of 9.7% for April 2015. Based on these results, Old Dominion updated its 2015 second-quarter expectations for growth in LTL tons per day to a range of 9.5% to 10.0% over the second quarter of 2014 from the previously disclosed range of 9.0% to 10.0%. The Company also updated its expectations for year-over-year growth in LTL revenue per hundredweight, excluding fuel surcharges, for its second quarter of 2015 to a range of 5.0% to 5.5% from the previously disclosed range of 5.5% to 6.5%.

NetApp (NASDAQ: NTAP) 0.6% LOWER; announced changes to the executive leadership team and board of directors, effective immediately. George Kurian has been appointed by the board as chief executive officer and also appointed to the board of directors. Lead independent director Mike Nevens has been elected chairman of the board. These announcements follow the departure of Tom Georgens, the company's former chairman and chief executive officer.

Mylan (NASDAQ: MYL) 0.5% LOWER; sent a letter to Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) Chief Executive Officer Erez Vigodman

E*TRADE Financial Corporation (NASDAQ: ETFC) 0.4% LOWER; announced that Chief Financial Officer Matthew J. Audette advised the Company of his decision to leave to accept a role with another company. After 16 years of service, Mr. Audette will leave the Company at the end of July. Current Chief Risk Officer and E*TRADE veteran Michael A. Pizzi will assume the Chief Financial Officer role, effective June 16. Paul W. Brandow, former Chief Risk Officer and current Senior Advisor to the Company, will assume the role of Acting Chief Risk Officer to assure a smooth transition as the Company conducts a search for a permanent replacement.