Weekly Outlook

Click here for The Week Ahead by Reuters

Click here for Stocks in Focus for Monday by MarketWatch

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

Economic reports for the week include:

Mon. – None of note

Tues. – Richmond Fed Manufacturing Index, weekly retail sales

Wed. – MBA Mortgage Applications, EIA energy inventory report

Thur. – Durable Goods Orders, Initial Jobless Claims, New Home Sales

Fri. – Existing Home Sales

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

Mon. – Apollo Group(APOL), Campbell Soup(CPB), Lowe’s Cos(LOW), Netease.com(NTES), Pacific Sunwear(PSUN), Saks Inc.(SKS)

Tues. – American Eagle Outfitters(AEO), Analog Devices(ADI), Autozone(AZO), BJ’s Wholesale Club(BJ), Childrens Place(PLCE), Computer Sciences(CSC), Dycom Industries(DY), Freddie Mac(FRE), Medtronic(MDT), Men’s Wearhouse(MW), PEP Boys(PBY), Shanda Interactive(SNDA), Staples Inc.(SPLS), Tech Data(TECD), United Natural Foods(UNFI), Zale Corp.(ZLC)

Wed. – Abercrombie & Fitch(ANF), CA Inc.(CA), Dick’s Sporting Goods(DKS), Eaton Vance(EV), GameStop(GME), Gymboree(GYMB), Ltd Brands(LTD), Network Appliance(NTAP), Ross Stores(ROST), Synopsys(SNPS), Talbots Inc(TLB), Target Corp.(TGT), Zumiez(ZUMZ)

Thur. – Aeropostale Inc.(ARO), AnnTaylor(ANN), Barnes & Noble(BKS), Brown Shoe(BWS), CBRL Group(CBRL), Charming Shoppes(CHRS), Cost Plus(CPWM), Dillard’s(DDS), Foot Locker(FL), Gap Inc.(GPS), Hibbett Sports(HIBB), Hormel Foods(HRL), Mylan Labs(MYL), Patterson(PDCO), Red Robin Gourmet(RRGB), Sanderson Farms(SAFM), Stage Stores(SSI), Timberland(TBL), Toll Brothers(TOL), Toro Co(TTC)

Fri. – Witness Systems(WITS)

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

Mon. – JPMorgan Tech Conference

Tue. – Fed’s Bernanke speaking, Fed’s Lacker speaking, JPMorgan Tech Conference, Citigroup Healthcare Conference, Morgan Keegan Homeland Security Conference, UBS Oil & Gas Conference

Wed. – Fed’s Kroszner speaking, Fed board meeting on Truth-in-Lending regulations, (BA) annual investors conference, (AFL) financial analyst briefing, UBS Oil & Gas Conference, Goldman Sachs Internet Conference, Robinson Humphrey Financial Services Conference, Citigroup Healthcare Conference, JPMorgan Tech Conference, Thomas Weisel RFID Conference

Thur. – Fed’s Mishkin speaking, (BSX) analyst meeting, Robinson Humphrey Financial Services Conference, Goldman Sachs Internet Conference, UBS Oil & Gas Conference, Citigroup Healthcare Conference

Fri. – Early close for financial futures & options pits at 1 EST

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