Click here for Stocks in Focus for Monday by MarketWatch
There are a number of economic reports of note and some significant corporate earnings reports scheduled for release this week.
Economic reports for the week include:
Mon. - None of note
Tues. - IBD/TIPP Economic Optimism Index, weekly retail sales
Wed. - MBA Mortgage Applications, March 21 FOMC minutes, Monthly Budget Statement, weekly EIA energy inventory data
Thur. - Initial Jobless Claims, Import Price Index, ICSC Chain Store Sales
Fri. - Trade Balance, Producer Price Index, Univ. of Mich. Consumer Confidence
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. - Delta & Pine Land(DLP)
Tues. - Alcoa Inc.(AA), Schnitzer Steel(SCHN), Transaction Systems Architects(TSAI)
Wed. - Bed Bath & Beyond(BBBY), Christopher & Banks(CBK), Genentech(DNA), Progressive Corp.(PGR), Ruby Tuesday(RI)
Thur. - Advanced Micro Devices(AMD), Cost Plus(CPWM), Fastenal(FAST), JOS A Bank(JOSB), Lam Research(LRCX), MGIC Investment(MTG), Pier 1 Imports(PIR), Polaris Industries(PII), Rite Aid(RAD)
Fri. - Claire’s(CLE), General Electric(GE), DivX Inc.(DIVX)
Other events that have market-moving potential this week include:
Mon. - BOE Policy Meeting, BOJ Policy Meeting
Tue. - BOJ Policy Meeting, CSFB Real Estate Conference, SunTrust Institutional Conference, (PALM) Analyst/Investor Day, (TTWO) conference call, Fed’s Plosser speaking
Wed. - CIBC Biotech & Specialty Pharma Conference, CSFB Real Estate Conference, SunTrust Institutional Conference, Fed’s Lacker speaking, Fed’s Moskow speaking
Thur. - ECB Policy Meeting, CSFB Real Estate Conference, CIBC Biotech & Specialty Pharma Conference
Fri. - CIBC Commodity Products Conference
BOTTOM LINE: I expect US stocks to finish the week modestly higher on better economic data, mostly positive earnings reports, a firmer US dollar, buyout speculation, lower energy prices, short-covering and bargain-hunting. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.
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