Sunday, April 08, 2007

Weekly Outlook

Click here for The Week Ahead by Reuters
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.

No comments: