Week in Review: August 30 - September 3, 2010

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[September 03, 2010]

Week in Review: August 30 - September 3, 2010

Sep 03, 2010 (SmarTrend(R) Week In Review via COMTEX) -- % Change ------------------------------ Index Close Week YTD ------------------------------------------------------ DJIA 10447.93 2.93% 0.19% S&P 500 1104.51 3.75% -0.95% NASDAQ 2233.75 3.72% -1.56% -The Labor Department reported Friday that 54,000 nonfarm jobs were cut in August, which was a much slower decline than economists had anticipated, as the health care and temporary staffing industries led a 67,000 expansion in private-sector employment -Hewlett-Packard (NYSE:HPQ) upped its bid to $33 per share for 3PAR (NYSE:PAR) while Dell (NASDAQ:DELL) withdrew from its bidding war with HPQ for the company -Apple (NASDAQ:AAPL) held a conference this week and unveiled all new iPods, the new iOS 4.1, which will be available next week as a free download through iTunes, iTunes 10 with its Ping social networking capabilities, and Apple TV -The National Association of Realtors reported that pending sales of existing houses unexpectedly climbed 5.2% after a revised 2.8% drop the prior month, which indicates that the real-estate market is steadying following the end of a government tax credit The Week Ahead: September 7 - 10, 2010 --------------------------------------------------------------------------------------------- -Earnings Calendar: -Mon: n/a -Tues: Pike Electric (NASDAQ:PIKE), Navistar (NYSE:NAV), Pep Boys (NYSE:PBY), Phillips-Van Heusen (NYSE:PVH) -Wed: Ciena (NASDAQ:CIEN), Jackson Hewitt (NYSE:JTX), Smithfield Foods (NYSE:SFD), Talbots (NYSE:TLB), Men's Wearhouse (NYSE:MW), Shanda Games (NASDAQ:GAME) -Thurs: Korn/Ferry (NYSE:KFY), Piedmont (NYSE:PNY), Smith & Wesson (NASDAQ:SWHC) -Fri: lululemon athletica (NASDAQ:LULU) -Economic Data: (Est. in Parentheses) Crude Inventories, Fed's Beige Book, Consumer Credit, Initial Claims, Continuing Claims, Trade Balance (-$48.3B), Wholesale Inventories -FedSpeak: n/a By Chip Brian, Editor-in-Chief Ticker Trend Trend Date Trend Price Last Price Return ---------------------------------------------------------------------------- HPQ Downtrend 08/09/2010 $43.14 $40.36 6.45% PAR Uptrend 08/03/2010 $10.49 $32.90 213.63% SFD Uptrend 08/26/2010 $15.75 $16.71 6.10% LULU Downtrend 08/25/2010 $36.75 $35.11 4.46% SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified. Get a free trial of our trading calls at http://www.TradeTheTrend.com.

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