There are a few economic reports of note and some significant corporate earnings reports scheduled for release this week. US stock markets close at 1pm EST on July 3 and all day on July 4.
Economic reports for the week include:
Mon. - Construction Spending, ISM Manufacturing, Total Vehicle Sales
Tues. - US Markets Closed
Wed. - Factory Orders
Thur. - Initial Jobless Claims, ISM Non-Manufacturing, Pending Home Sales
Fri. - Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. - None of note
Tues. - US Markets Closed
Wed. - None of note
Thur. - Delta & Pine Land(DLP), Highwood Properties(HIW)
Fri. - 99 Cents Only(NDN), Shaw Group(SGR)
Other events that have market-moving potential this week include:
Mon. - None of note
Tue. - US Markets Closed
Wed. - None of note
Thur. - None of note
Fri. - None of note
BOTTOM LINE: I expect US stocks to finish the week mixed as mostly weaker economic data offsets short-covering, bargain hunting and a decline in long-term rates. My trading indicators are now giving neutral signals and the Portfolio is 100% net long heading into the week.
No comments:
Post a Comment