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. - Consumer Credit
Tues. - Wholesale Inventories, weekly retail sales
Wed. - MBA Mortgage Applications, FOMC Rate Decision
Thur. - Trade Balance, Import Price Index, Initial Jobless Claims, month retail same-store-sales, Monthly Budget Statement
Fri. - Producer Price Index, Advance Retail Sales, Business Inventories
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. - American Tower(AMT), Central Garden(CENT), Flour Corp.(FLR), Forest Oil(FST), McDermott Intl.(MDR), McKesson(MCK), Wynn Resorts(WYNN)
Tues. - aQuantive(AQNT), Aquila Inc.(ILA), Atwood Oceanics(ATW), Brightpoint(CELL), Church & Dwight(CHD), Cisco Systems(CSCO), Conseco(CNO), CVS/Caremark(CVS), Duke Energy(DUK), Dynegy(DYN), El Paso(EP), Electronic Arts(ERTS), Energy Conversion Devices(ENER), Expedia(EXPE), Harrah’s(HET), Lazard(LAZ), Marsh & McLennan(MMC), Martin Marietta(MLM), Marvel Entertainment(MVL), Papa John’s(PZZA), priceline.com(PCLN), Revlon(REV), Sotheby’s(BID), Tenet Healthcare(THC), Tyco Intl.(TYC), VeraSun Energy(VSE), Walt Disney(DIS)
Wed. - Barnes Group(B), Frontier Oil(FTO), Legg Mason(LM), Microstrategy(MSTR), News Corp.(NWS/A), Onyx Pharmaceuticals(ONXX), Sina Corp.(SINA), Teekay Shipping(TK), TXU Corp.(TXU), Whole Foods Market(WFMI)
Thur. - American Intl. Group(AIG), California Pizza(CPKI), Consolidated Edison(CED), Federated Dept. Stores, Global Crossing(GLBC), International Rectifier(IRF), Lamar Advertising(LAMR), Mirant Corp.(MIR), Nvidia Corp.(NVDA), PG&E(PCG), Sara Lee(SLE), THQ Inc.(THQI), Timberland(TBL), Titanium Metals(TIE)
Fri. - Analog Devices(ADI), EchoStar Communications(DISH), Guess?(GES), JC Penney(JCP), Kohl’s(KSS), PEP Boys(PBY), RH Donnelley(RHD), Urban Outfitters(URBN)
Other events that have market-moving potential this week include:
Mon. - None of note
Tue. - Robert Baird Growth Stock Conference, Bear Stearns Global Transport Conference, UBS Global Generic/Specialty Pharma Conference, Goldman Consumer Products Symposium, Bank of America Basic/Industrials Conference, (TXN) analyst meeting
Wed. - Bear Stearns Global Transport Conference, Piper Jaffray Semi/Communications Conference, UBS Global Generic/Specialty Pharma Conference, Goldman Consumer Symposium, Bank of America Basic/Industrials Conference, Bank of England Policy Meeting, (NT) Investor Technology Day
Thur. - Merrill Lynch Global Industries Conference, CIBC Communications 1-on-1 Conference, Piper Jaffray Semi/Communications Conference, Bank of America Basic/Industrials Conference, Goldman Power/Utility Conference, Robert Baird Growth Stock Conference, Bank of England Policy Meeting, (IDTI) analyst meeting
Fri. - Deutsche Bank Hospitality/Gaming Conference
BOTTOM LINE: I expect US stocks to finish the week mixed as buyout speculation, constructive FOMC comments, better-than-expected earnings reports, lower energy prices, lower long-term interest rates and short-covering offsets profit-taking and weaker consumer spending data. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.
No comments:
Post a Comment