There are some economic reports of note and a number of significant corporate earnings reports scheduled for release this week.
Economic reports for the week include:
Mon. - None of note
Tues. - Richmond Fed Manufacturing Index
Wed. - MBA Mortgage Applications, Existing Home Sales, FOMC Rate Decision
Thur. - Durable Goods Orders, Initial Jobless Claims, New Home Sales
Fri. - Advance 3Q GDP, Advance 3Q GDP Price Index, Advance 3Q Personal Consumption, Advance 3Q Core PCE, Univ. of Mich. Consumer Confidence
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. - Alcon(ACL), American Express(AXP), Amgen (AMGN), AT&T(T), Ethan Allen(ETH), First Data(FDC), Ford Motor(F), Halliburton(HAL), Hasbro(HAS), Kimberly-Clark(KMB), Kraft Foods(KFT), Pitney Bowes(PBI), Texas Instruments(TXN)
Tues. - Aflac(AFL), Amazon.com(AMZN), BellSouth Corp.(BLS), Burlington Northern(BNI), Centex(CTX), Chicago Merc(CME), Coach Inc.(COH), Corning Inc.(GLW), Express Scripts(ESRX), First American(FAF), Flextronics(FLEX), General Electric(GE), Ingram Micro(IM), Kla-Tencor(KLAC), Legg Mason(LM), Level 3(LVLT), Lexmark(LEX), Lockheed Martin(LMT), Lucent Tech(LU), Northrop Grumman(NOC), Panera Bread(PNRA), Phelps Dodge(PD), QLogic(QLGC), Seagate Tech(STX), Whirlpool(WHR)
Wed. - Altria Group(MO), Anheuser-Busch(BUD), Bebe Stores(BEBE), Boeing Co.(BA), CA Inc.(CA), CB Richard Ellis(CBG), Colgate-Palmolive(CL), ConocoPhillips(COP), Estee Lauder(EL), F5 Networks(FFIV), General Motors(GM), Harrah’s Entertainment(HET), ImClone Systems(IMCL), Microchip Tech(MCHP), Monster Worldwide(MNST), PF Chang’s(PFCB), Pulte Homes(PHM), RadioShack(RSH), Stanley Works(SWK), Symantec(SYMC), Terex Corp.(TEX), Tidewater(TDW), Tractor Supply(TSCO), Weyerhaeuser(WY), Zimmer Holdings(ZMH)
Thur. - Aetna(AET), Akamai Tech(AKAM), Apache(APA), Avid Tech(AVID), Biogen(BIIB), Black & Decker(BDK), Boyd Gaming(BYD), Bristol-Myers(BMY), Celgene(CELG), Deckers Outdoor(DECK), Dow Chemical(DOW), Exxon Mobil(XOM), Intuitive Surgical(ISRG), Kellogg(K), L-3 Communications(LLL), Lattice Semiconductor(LSCC), Liz Claiborne(LIZ), Massey Energy(MEE), MBIA Inc.(MBI), McAfee(MFE), Medimmune(MEDI), Microsoft(MSFT), Millennium(MLNM), OfficeMax(OMX), Raytheon(RTN), Sprint Nextel(S), Starwood Hotels(HOT), Wendy’s Intl.(WEN)
Fri. - Alltel(AT), Avon Products(AVP), Baker Hughes(BHI), Cardinal Health(CAH), Chevron Corp.(CVX), Diamond Offshore(DO), Fortune Brands(FO), Ingersoll-Rand(IR), ITT Corp.(ITT), Royal Caribbean(RCL), XM Satellite Radio(XMSR)
Other events that have market-moving potential this week include:
Mon. - (WMT) fall analyst meeting
Tue. - JPMorgan Software Forum, (WMT) fall analyst meeting, (MDT) analyst meeting
Wed. - None of note
Thur. - Susquehanna’s Consumer Focus Forum, Fed’s Kroszner speaks, Fed’s Stern speaks
Fri. - None of note
BOTTOM LINE: I expect US stocks to finish the week modestly higher on lower long-term interest rates, declining energy prices, mostly positive earnings reports, investment manager performance anxiety, short covering and les pessimism. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.
No comments:
Post a Comment