Jobs, jobs, jobs. That is what the next two days will be all about for the markets, as critical labor reports take center stage. Today’s turn is the ADP’s private-sector payrolls report for June, and the weekly update on jobless claims. Look for the ADP number to carry more weight than jobless claims when the numbers come out.
After European headlines dominated the markets for weeks the attention will now shift back to key domestic data. After a rally that has caught many off guard, and more life miserable for the shorts, the jobs data will need to come in at least in line with expectations to keep the markets from pulling back. Oil will also be in focus as crude inventories will be reported. Finally, Helen of Troy (HELE), International Speedway (ISCA), Semileds Corp. (LEDS), WD 40 Co. (WDFC), and Zep Inc. (ZEP) are among the companies reporting earnings.
ZMGD and TDLPQ are the two penny stocks to watch closely at the bell. Others that might be active are LJPC, OPMG, LBAS, ROSV, & COIN. As for big boards keep an eye on AAPL to see if it can stay perched above $350, yesterday was the first time the stock had closed there since mid May.
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