Sunday, November 19, 2006

Weekly Outlook

Click here for The Week Ahead by Reuters

There are a few economic reports of note and some significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. - Leading Indicators

Tues. - None of note

Wed. - Initial Jobless Claims, Univ. of Mich. Consumer Confidence

Thur. - US markets closed for Thanksgiving

Fri. - US markets close 1 pm EST

Some of the more noteworthy companies that release quarterly earnings this week are:

Mon. - Activision(ATVI), Affiliate Computer Services(ACS), Avis Budget Group(CAR), Campbell Soup(CPB), Jo-Ann Stores(JAS), Lowe’s(LOW), Medtronic(MDT), Nordstrom(JWN), Phillips-Van Heusen(PVH)

Tues. - Borders Group(BGP), Brown Shoe(BWS), CBRL Group(CBRL), Coldwater Creek(CWTR), Deere & Co(DE), Dollar Tree(DLTR), Eaton Vance(EV), Gamestop(GME), J Crew(JCG), Jack in the Box(JBX), Payless Shoesource(PSS), Perry Ellis(PERY), Tech Data(TECD), United Natural Foods(UNFI)

Wed. - Dell Inc.(DELL), Dollar General(DG), Fred’s(FRED), Genesco(GCO), Hormel Foods(HRL), OSI Restaurant(OSI), Patterson Cos.(PDCO)

Thur. - US markets closed for Thanksgiving

Fri. - US markets close 1 pm EST

Other events that have market-moving potential this week include:

Mon. - Treasury’s Paulson speaking, Fed’s Fisher speaking

Tue. - Fed’s Lacker speaking

Wed. - None of note

Thur. - US markets closed for Thanksgiving

Fri. - US equity markets close 1 pm EST

BOTTOM LINE: I expect US stocks to finish the week modestly higher on diminishing inflation worries, rising consumer spending optimism, lower energy prices, seasonal strength, strong corporate profits, investment manager performance anxiety and short-covering. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.

No comments: