Weekly Outlook

Click here for The Week Ahead by Reuters.

Click here for Stocks in Focus for Monday by MarketWatch.com.

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

Economic reports for the week include:

Mon. – None of note

Tues. – Richmond Fed Index, weekly retail sales

Wed. – Weekly EIA energy inventory data, weekly MBA Mortgage Applications report, Existing Home Sales, Fed’s Beige Book

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

Fri. – Advance 2Q GDP, Advance 2Q Personal Consumption, Advance 2Q GDP Price Index, Advance 2Q Core PCE, Univ. of Mich. Consumer Confidence

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

Mon. – Altera Corp.(ALTR), American Express(AXP), Atheros Communications(ATHR), Avaya Inc.(AV), Halliburton(HAL), Hasbro(HAS), Lincare(LNCR), Merck(MRK), Schering-Plough(SGP), Station Casinos(STN), Taser Intl.(TASR), Texas Instruments(TXN)

Tues. – Aflac(AFL), Amazon.com(AMZN), AT&T(T), Biogen Idec(BIIB), BJ Services(BJS), Bowater(BOW), Burlington Northern(BNI), CDW Corp.(CDWC), Centex Corp.(CTX), Cerner Corp.(CERN), Cheesecake Factory(CAKE), Chubb Corp.(CB), Countrywide Financial(CFC), Domino’s Pizza(DPZ), Eli Lilly(LLY), EMC Corp.(EMC), Energizer Holdings(ENR), Illumina Inc.(ILMN), Kimberly-Cark(KMB), Lam Research(LRCX), Legg Mason(LM), Lexmark Intl.(LXK), Linear Tech(LLTC), Lockheed Martin(LMT), McDonald’s(MCD), Nabors Industries(NBR), Northrop Grumman(NOC), Panera Bread(PNRA), PepsiCo(PEP), Raymond James(RJF), Stanley Works(SWK), United Parcel Service(UPS)

Wed. – Akamai Technologies(AKAM), Alcon(ACL), Allegheny Technologies(ATI), Anheuser-Busch(BUD), Apple Inc.(AAPL), Baidu.com(BIDU), Boeing Co.(BA), Colgate-Palmolive(CL), ConocoPhillips(COP), Corning Inc.(GLW), E*Trade(ETFC), F5 Networks(FFIV), Freeport-McMoRan(FCX), General Dynamics(GD), Genzyme Corp.(GENZ), LSI Coprp.(LSI), Norfolk Southern(NSC), PF Chang’s(PFCB), Pulte Homes(PHM), Qualcomm Inc.(QCOM), Ryland Group(RYL), Sealed Air(SEE), Symantec(SYMC), Terex Corp.(TEX), Timberland(TBL), Tractor Supply(TSCO), Tribune(TRB), Zimmer Holdings(ZMH)

Thur. – 3M Co.(MMM), Aetna(AET), AmerisourceBergen(ABC), Amgen(AMGN), Apache Corp.(APA), Beazer Homes(BZH), Becton Dickinson(BDX), Black & Decker(BDX), Bristol-Myers(BMY), CB Richard Ellis(CBG), Celgene(CELG), Cummins(CMI), Deckers(DECK), Dow Chemical(DOW), DR Horton(DHI), Exxon Mobil(XOM), Flextronics(FLEX), Ford(F), Ingram Micro(IM), Intercontinental Exchange(ICE), Kellogg(K), KLA-Tencor(KLAC), L-3(LLL), Level 3(LVLT), MBIA(MBI), McAfee(MFE), McKesson(MCK), Office Depot(ODP), QLogic(QLGC), Raytheon(RTN), Riverbed(RVBD), Royal Caribbean(RCL), Tidewater(TDW), VeriSign(VRSN), Wendy’s(WEN), Western Digital(WDC), XM Satellite(XMSR)

Fri. – Baker Hughes(BHI), Chevron Corp.(CVX), Clear Channel(CCU), Fortune Brands(FO), ITT Corp.(ITT), Medco Health(MHS)

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

Mon. – None of note

Tue. – The Fed’s Mishkin speaking, Fed’s Poole speaking

Wed. – The Fed’s Poole speaking, Fed’s Geithner speaking

Thur. – (MSFT) Analyst Meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as better-than-expected earnings reports, more economic optimism and short-covering offsets profit-taking and lingering sub-prime concerns. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.