Weekly Outlook

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

Economic reports for the week include:

Mon. - None of note

Tues. - Richmond Fed Manufacturing Index, Consumer Confidence Index, Existing Home Sales, weekly retails sales reports

Wed. - Weekly MBA Mortgage Applications, weekly EIA energy inventory report, Durable Goods Orders, New Home Sales, Fed’s Beige Book

Thur. - Initial Jobless Claims, Continuing Claims

Fri. - Advance 1Q GDP, Advance 1Q Personal Consumption, Advance 1Q GDP Price Index, 1Q Employment Cost Index, Univ. of Mich. Consumer Confidence

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

Mon. - Amgen Inc.(AMGN), Boston Scientific(BSX), Chubb Corp.(CB), Express Scripts(ESRX), Hasbro Inc.(HAS), Juniper Networks(JNPR), Kimberly-Clark(KMB), L-3 Communications(LLL), Texas Instruments(TXN)

Tues. - Aflac Inc.(AFL), AK Steel(AKS), Amazon.com(AMZN), AT&T(T), BJ Services(BJS), Brinker Intl(EAT), Burlington Northern(BNI), CDW Corp.(CDWC), Chicago Merc(CME), Coach Inc.(COH), ENSCO Intl(ESV), Ethan Allen(ETH), Forest Labs(FRX), Illumina Inc.(ILMN), Lexmark(LXK), Lincare Holding(LNCR), Lockheed Martin(LMT), Northrop Grumman(NOC), Occidental Petroleum(OXY), Panera Bread(PNRA), Rockwell Collins(ROK), Ruth’s Chris(RUTH), SLM Corp.(SLM), Sun Micro(SUNW), Tellabs Inc.(TLAB), Valero Energy(VLO), Whirlpool(WHR)

Wed. - Agere Systems(AGR), Akamai Technologies(AKAM), Alcon Inc.(ACL), Allegheny Technologies(ATI), AmerisourceBergen(ABC), Anheuser-Busch(BUD), Apple Inc.(AAPL), Baker Hughes(BHI), Becton Dickinson(BDX), Black & Decker(BDK), Boeing Co(BA), Buffalo Wild Wings(BWLD), Business Objects(BOB), Cadence Design(CDN), Carlisle Cos(CSL), Citrix Systems(CTXS), Colgate-Palmolive(CL), ConocoPhillips(COP), Corning(GLW), Diebold Inc.(DBD), Energizer Holdings(ENR), F5 Networks(FFIV), Freeport-McMoRan(FCX), General Dynamics(GD), Genzyme Corp.(GENZ), HCA Inc.(HCA), Health Management(HMA), Hess Corp.(HES), Kinder Morgan(KMI), Lear Corp.(LEA), Level 3 Communications(LVLT), Martha Stewart(MSO), Maxim Integrated(MXIM), Microchip Tech(MCHP), Murphy Oil(MUR), Pepsico(PEP), PF Chang’s(PFCB), PMC-Sierra(PMCS), Pulte Homes(PHM), Qualcomm Inc.(QCOM), Ryder Systems(R), Ryland Group(RYL), Stanley Works(SWK), Temple-Inland(TIN), Tractor Supply(TSCO), United Parcel Service(UPS), WellPoint Inc.(WLP), Xcel Energy(XEL), Xilinx Inc.(XLNX), XTO Energy(XTO), Zimmer Holdings(ZMH)

Thur. - 3M Co.(MMM), Aetna Inc.(AET), American Tower(AMT), Applebees Intl(APPB), AutoNation(AN), BorgWarner(BWA), Bowater(BOW), Boyd Gaming(BYD), Broadcom(BRCM), Cardinal Health(CAH), Comcast Corp.(CMCSA), Countrywide Financial(CFC), Diamond Offshore(DO), Emulex(ELX), Flextronics Intl.(FLEX), Ford Motor(F), Fortune Brands(FO), Halliburton(HAL), Imclone Systems(IMCL), Ingram Micro(IM), Kla-Tencor(KLAC), Louisiana-Pacific(LPX), Lyondell Chemical(LYO), McAfee Inc.(MFE), Microsoft Corp.(MSFT), Monster Worldwide(MNST), Newmont Mining(NEM), Office Depot(ODP), SanDisk Corp.(SNDK), Sohu.com(SOHU), Starwood Hotels(HOOT), Sunpower(SPWR), Sybase(SY), Tidewater(TDW), Under Armour(UA), XM Satellite Radio(XMSR)

Fri. - Alleghany Corp.(Y), Allegheny Energy(AYE), Altera Corp.(ALTR), Anadarko Petroleum(APC), Apache Corp.(APA), Avon Products(AVP), Beazer Homes(BZH), Bebe Stores(BEBE), Bristol-Myers(BMY), Burger King(BKC), Celgene Corp.(CELG), Chevron Corp.(CVX), Consol Energy(CNX), Constellation Energy(CEG), Cummins(CMI), Deckers(DECK), Digital River(DRIV), Dolby Labs(DLB), Dow Chemical(DOW), Exxon Mobil(XOM), Federal Signal(FSS), Harrah’s Entertainment(HET), Ingersoll-Rand(IR), Intl Rectifier(IRF), ITT Corp.(ITT), Kellogg(K), Kenneth Cole(KCP), MBIA Inc.(MBI), MGM Mirage(MGM), Phelps Dodge(PD), Raytheon Co.(RTN), Southern Copper(PCU), WebEx(WEBX), Wendy’s(WEN), Western Digital(WDC), Zoll Medical(ZOLL)

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

Mon. - (CAT) analyst day

Tue. - None of note

Wed. - None of note

Thur. - None of note

Fri. - Bank of Japan Policy Meeting

BOTTOM LINE: I expect US stocks to finish the week mixed as buyout speculation, better-than-expected earnings reports, lower energy prices and short-covering offset profit-taking and mixed economic data. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.