Market Preview: A Welcome Correction?
"With $440M+ of int'l box office in just under 2 weeks, the superhero comic book adaptation seems poised as one of DIS's most profitable franchises, a potential compelling justification on Marvel deal," said the firm, which kept its strong buy opinion on the shares on Monday. "With DIS now poised to exploit "Avengers" in key ancillary and multi-platform channels, we note particularly fortuitous timing for the studio segment, likely on track for Mar-Q $80M-$120M EBIT loss on May 8, on write-down on John Carter."
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Among the notables reporting early Tuesday are Amedisys(AMED) , CIBER(CBR) , Crosstex Energy(XTXI) , Curis Corp.(CRIS) , Directv(DTV) , E.W. Scripps(SSP) , Fossil(FOSL) , Hecla Mining(HL) , Henry Schein(HSIC) , HSBC Holdings(HBC) , JA Solar(JASO) , International Flavors & Fragrances(IFF) , Molson Coors Brewing(TAP) , OfficeMax(OMX) , Patriot Coal(PCX) , Petrohawk Energy(HK) , Pioneer Drilling(PDC) , Rosetta Stone(RST) , Scotts Miracle-Gro(SMG) , SmartHeat(HEAT) , Superconductor Technologies(SCON) , Tenet Healthcare(THC) , Treehouse Foods(THS) , Vitamin Shoppe(VSI) , and Wendy's International(WEN) .
The late roster features Blue Nile(NILE) , CafePress(PRSS) , Chiquita Brands International(CQB) , Coca-Cola Bottling(COKE) , Demand Media(DMD) , DepoMed(DEPO) , Jazz Pharmaceuticals(JAZZ) , Jive Software(JIVE) , Openwave Systems(OPWV) , and ZipRealty(ZIP) .
The economic calendar is bare on Tuesday so many economists are still weighing in on Friday's disappointing April jobs report. Credit Suisse isn't ready to say the recovery is officially in trouble. Instead, the firm is arguing that the data was distorted by the warm weather and the Federal Reserve isn't likely to be moved one way or the other just yet on QE3.