Monday, September 03, 2007

Weekly Outlook

Click here for The Coming Week by TheStreet.com.

Click here for the Tuesday Equity Preview by Bloomberg.

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

Economic reports for the week include:

Mon. – US Markets Closed

Tues. – ISM Manufacturing, ISM Prices Paid, Construction Spending, Total Vehicle Sales

Wed. – Challenger Job Cuts, ADP Employment Change, Pending Home Sales, Fed’s Beige Book

Thur. – Final 2Q Non-farm Productivity, Final 2Q Unit Labor Costs, Initial Jobless Claims, ISM Non-Manufacturing, ICSC Chain Store Sales

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Wholesale Inventories

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

Mon. – US Markets Closed

Tues. – Diebold Inc.(DBD), Donaldson Co(DCI), Guess(GES)

Wed. – ABM Industries(ABM), ADC Telecom(ADCT), DSW Inc.(DSW), J Crew(JCG), Martek Biosciences(MATK)

Thur. – Campbell Soup(CPB), Cooper Cos(COO), Hovnanian Enterprises(HOV), Korn/Ferry(KFY), National Semi(NSM), Quiksilver(ZQK), UTI Worldwide(UTIW), VeriFone(PAY)

Fri. – JOS A Bank(JOSB)

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

Mon. – US Markets Closed

Tue. – Keefe Bruyette Insurance Conference, Lehman Brothers Energy Conference, Citigroup Tech Conference, (DHR) analyst meeting

Wed. – Keefe Bruyette Insurance Conference, Thomas Weisel Healthcare Conference, CSFB Biotech Conference, Kaufman Brothers Investor Conference, Citigroup Tech Conference, Lehman Brothers Energy Conference, Goldman Sachs Global Retailing Conference, Lehman Brothers Back-to-School Consumer Conference, BOE Policy Meeting, (DHR) analyst meeting, (JAVA) analyst meeting

Thur. – Cowen Clean Energy Conference, Thomas Weisel Healthcare Conference, Lehman Back-to-School Consumer Conference, Lehman Energy Conference, CSFB Global Automotive Conference, Citigroup Tech Conference, Goldman Sachs Global Retailing Conference, Morgan Keegan Equity Conference, CSFB Global Automotive Conference, Kaufman Brothers Investor Conference, BOE Policy Meeting, ECB Policy Meeting, (JNPR) investor gathering

Fri. – Morgan Keegan Equity Conference, Thomas Weisel Healthcare Conference

BOTTOM LINE: I expect US stocks to finish the week mixed as bargain-hunting, diminishing credit market fears, lower energy prices and short-covering offsets weaker economic data. My trading indicators are giving neutral signals and the Portfolio is 100% net long heading into the week.

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