Click here for Stocks in Focus for Monday
There are some economic reports of note and several significant corporate earnings reports scheduled for release this week.
Economic reports for the week include:
Mon. - ISM Non-Manufacturing
Tues. - Weekly retail sales
Wed. - MBA Mortgage Applications, Preliminary 4Q Non-farm Productivity, Preliminary 4Q Unit Labor Costs, Consumer Credit
Thur. - Initial Jobless Claims, Wholesale Inventories
Fri. - None of note
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. - Anadarko Petroleum(APC), Cuzins Properties(CUZ), Humana Inc.(HUM), Kla-Tencor(KLAC), Las Vegas Sands(LVS), Pitney Bowes(PBI), Post Properties(PPS), Temple-Inland(TIN)
Tues. - ADP(ADP), Avon Products(AVP), Bowater Inc.(BOW), Business Objects(BOB), CB Richard Ellis(CBG), Cheesecake Factory(CAKE), Cisco Systems(CSCO), Computer Sciences(CSC), Duke Energy(DUK), Emerson Electric(EMR), Gartner Inc.(IT), IAC/InterActiveCorp(IACI), Louisiana-Pacific(LPX), Nabors Industries(NBR), Sohu.com(SOHU), St. Joe(STJ), Tyco Intl.(TYC)
Wed. - Akamai Technology(AKAM), Alcon Inc.(ACL), Cigna Corp.(CI), Devon Energy(DVN), Electronic Data Systems(EDS), Intercontinental Exchange(ICE), Maxim Integrated(MXIM), Medimmune Inc.(MEDI), Moody’s Corp.(MCO), News Corp.(NWS/A), Polo Ralph Lauren(RL), Prudential Financial(PRU), Sara Lee Corp.(SLE), Sina Corp.(SINA), Walt Disney(DIS), Whirlpool Corp.(WHR)
Thur. - Applebees Intl.(APPB), BMC Software(BMC), Broadcom(BRCM), Diamond Offshore(DO), Digital River(DRIV), Energy Conversion Devices(ENER), Express Scripts(ESRX), Freescale Semi(FSL), Level 3 Communications(LVLT), Marriott Intl.(MAR), McAfee Inc.(MFE), Panera Bread(PNRA), PepsiCo Inc.(PEP), Qwest Communications(Q), Timberland(TBL), Tribune Co.(TRB), XTO Energy(XTO)
Fri. - Analog Devices(ADI), Hasbro(HAS), Human Genome Sciences(HGSI), J2 Global Communications(JCOM), Jacuzzi Brands(JJZ), Mastercard Inc.(MA), Weyerhaeuser(WY)
Other events that have market-moving potential this week include:
Mon. - Thomas Weisel Tech Conference, CSFB Energy Summit
Tue. - Lehman Brothers Industrial Conference, Thomas Weisel Tech Conference, Piper Jaffray Analog Summit, Merrill Global Pharma/Biotech/Medical Device Conference, Cowen Aerospace/Defense Conference, CSFB Energy Summit, Fed’s Bernanke speaking, Fed’s Moskow speaking
Wed. - CSFB Energy Summit, CSFB Financial Services Forum, CSFB Disruptive Tech Conference, Thomas Weisel Tech Conference, Merrill Global Pharma/Biotech/Medical Device Conference, Lehman Brothers Industrial Conference, Fed’s Plosser speaking
Thur. - Merrill Global Pharma/Biotech/Medical Device Conference, CSFB Energy Summit, CSFB Disruptive Tech Conference, CSFB Financial Services Forum, Lehman Industrial Conference, Retail Same-Store-Sales relelases
Fri. - CSFB Energy Summit, CSFB Financial Services Forum, CSFB Disruptive Tech Conference, Fed’s Poole speaking
BOTTOM LINE: I expect US stocks to finish the week modestly higher on mostly positive economic data, mostly positive earnings reports, buyout speculation, a stronger US dollar, lower energy prices, short-covering and stable long-term rates. My trading indicators are still giving mostly bullish signals and the Portfolio is 100% net long heading into the week.
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