Weekly Outlook

Click here for Stocks in focus Tuesday 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. – US Markets Closed

Tues. – NAHB Housing Market Index

Wed. – Weekly MBA Mortgage Applications Report, Consumer Prices Index, Housing Starts, Building Permits, FOMC Meeting Minutes

Thur. – Initial Jobless Claims, Philly Fed, Leading Indicators, Weekly EIA energy inventory report

Fri. – None of note

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

Mon. – US Markets Closed

Tues. – St. Joe(JOE), Martha Stewart(MSO), Marvel Entertainment(MVL), OfficeMax(OMX), Medco Health(MHS), Medtronic(MDT), CROCS(CROX), Chiquita(CQB), Whole Foods(WFMI), AES Corp.(AES), Onyx Pharma(ONXX), Fossil(FOSL), Genuine Parts(GPC), Hewlett-Packard(HPQ), Wal-Mart(WMT)

Wed. – Garmin(GRMN), Suntech Power(STP), Jack in the Box(JBX), TJX Cos(TJX), Analog Devices(ADI), Sina Corp.(SINA), Health Management Assoc.(HMA), Terex Corp.(TEX), Netease.com(NTES), Synopsys(SNPS), Hertz Global(HTZ), Transocean Inc.(RIG), WellCare(WCG)

Thur. – Quanta Services(PWR), Quest Diagnostics(DGX), Williams Cos(WMB), Reliance Steel(RS), Eaton Vance(EV), Ruth’s Chris(RUTH), Cleavland-Cliffs(CLF), Intuit(INTU), Chesapeake(CSK), Express Scripts(ESRX), Morningstar(MORN), Zale Corp.(ZLC), Newmont Mining(NEM), JC Penney(JCP), Safeway(SWY), MGM Mirage(MGM)

Fri. – PG&E Corp.(PCG), Oakley(OO)

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

Mon. – US Markets Closed

Tue. – Fed’s Stern speaking, (EDS) analyst meeting, (KMT) analyst meeting, Morgan Stanley Basic Materials Conference, Roth Capital Growth Stock Conference

Wed. – Fed’s Poole speaking, (NSR) analyst meeting, (SFY) analyst meeting, (TKR) analyst meeting, (FFIN) analyst meeting, (KMT) analyst meeting, Morgan Stanley Basic Materials Conference, Piper Jaffray Clean Tech Conference, Roth Capital Growth Stock Conference

Thur. – (SVR) analyst meeting, (CR) analyst conference, (CBE) investor outlook, (MDZ) analyst meeting, CIBC Institutional Investor Conference, DA Davidson Electronic Systems Design Conference, Oppenheimer Semi Summit, Morgan Stanley Basic Materials Conference, Susquehanna Intl. Group Footwear Conference, Roth Capital Growth Stock Conference

Fri. – CIBC Institutional Investor Conference, UBS Aerospace/Defense Conference, DA Davidson Electronic Systems Design Conference

BOTTOM LINE: I expect US stocks to finish the week modestly higher on a firmer US dollar, mostly positive earnings reports, less economic pessimism, bargain hunting, diminishing bond insurer uncertainty, constructive fed commentary and short-covering. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.