U.S. economyEven as the year winds to a close this week, a handful of economic releases are on the schedule. Starting on Monday, the Chicago Fed releases its Midwest Manufacturing Index for November.

Tuesday brings the final consumer confidence index of the year, as well as the S&P/Case-Shiller Home Price Index for October, the Richmond Fed's Business Surveys and a look at chain-store sales for the week that led up to Christmas.

Last week's initial jobless claims come out on Thursday. And then Friday brings the New York NAPM Index and the Chicago Purchasing Managers Index. Note that on Friday, even though it's New Year's Eve the stock market is open, but bond markets are closed.

Cal-Maine Q2 Earnings

About the only report on the U.S. earnings front comes from Cal-Maine Foods (CALM). During its fiscal second quarter, the Jackson, Miss.-based egg producer appointed a new president and CEO, and it also announced a voluntary egg recall. Analysts forecast that earnings for that quarter will come in at 72 cents per share, a 6.9% increase from the same period of last year. Cal-Maine also is expected to post revenue of $231.2 million for the three months that ended in November, which is a marginal increase from the same period a year earlier.

Looking ahead to the third quarter, analysts expect both sequential and year-over-year growth in revenue, but another annual decline in earnings. However, Cal-Maine's earnings results have been better than expected in the past three quarters, beating consensus estimates by as much as 23 cents per share.

Cal-Maine's trailing price-earnings ratio is 10.7 and its dividend yield is 2.9%, but short interest is a hefty 33.3% of the float. While the Motley Fool considers Cal-Maine a bargain for its lack of debt and its profitability, the First Call consensus recommendation shifted from buying the stock to holding it after the recall.

But the share price has been marching higher since hitting a 52-week low of $26.23 in October, rising well above the 200-day moving average for the first time since last summer. Cal-Maine closed last week at $33.82.


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bro0klyn59

2010's final data report ? dismal at best . southeast florida here , unemployment at 15% , gas prices $ 3.25 a gallon reg gas and climbing by the day , no jobs , housing market in the toilet , the overwhelming homeless people on every street corner begging for money , most shopping plazas are empty , food pantries are packed with people seeking food however , there is a high note though , the strip clubs and casino's are packed with people . final data report you say ? , what do you think ?

December 28 2010 at 7:53 AM Report abuse +2 rate up rate down Reply
toosmart4u

Save your money to buy gas. The republicans are coming, the republicans are coming.

December 28 2010 at 6:35 AM Report abuse rate up rate down Reply
tr

as long as the unemployment rate is up and the terrorist's keep the oil high this economy will stay in the toilet.

December 27 2010 at 8:44 PM Report abuse +2 rate up rate down Reply
LEE Resolution

My guess is that these data reports are going to drive a lot of the Obama regime under their desk knee wells, when they come out. Responses from the regime are going to be interesting.

December 27 2010 at 5:06 PM Report abuse +3 rate up rate down Reply
Iselin007

You spinners would take any crap data long as you could spin a lie.

December 27 2010 at 4:46 PM Report abuse +3 rate up rate down Reply
Iselin007

No good jobs since 2000 see your full of it

December 27 2010 at 4:43 PM Report abuse +3 rate up rate down Reply
Iselin007

We don't accept the spinning of part time low wage retail jobs for pumpuing employment numbers. So no any one that pulls this is full of it

December 27 2010 at 4:41 PM Report abuse +2 rate up rate down Reply
jkennedy806

Oh Goody I can't wait, wait till all the workers hired at the dept. stores and malls get laid off this week, Realty Trac today reported that 50% of US homes are in some kind of default. And if things don't change soon in the 1st quarter it may rise to 75%. Europe and the IMF (world bank) has decided that disclosure and transparency are a good thing and now all global banks must share informaion about themselves if the decided to trade dervatives or securities in the European bank. Of course the only ones balking and whining are the us to big to fail fraudster. Me thinks these banksters have alot to hide.

December 27 2010 at 4:30 PM Report abuse +4 rate up rate down Reply
slamjuggernaut

it is gonna be a fabricated joke the truth will kill you trust me !!!!!! there will be no new jobs !!!!!! it is and will get worse !!!!!!!beyond your wildest imagination !!!!!it has nothing to do with dems or repubs its special interest globalist and greed !!!!!!! the politions are hogs at feeding time they are gonna kill millions !!!!! there getting rich so they can stay alive as they kill us off look it up !!!!!! youtube one world government look it up!!!!!!!!!!

December 27 2010 at 2:00 PM Report abuse +3 rate up rate down Reply
as2010isover

if the economic data comes from DC or politico, do the exact opposite to survive !

December 26 2010 at 6:09 PM Report abuse +5 rate up rate down Reply