Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

There are a number of 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. – Producer Price Index, Advance Retail Sales, Empire Manufacturing, IBD/TIPP Economic Optimism, Bernanke Report on Economy, Business Inventories, weekly retail sales reports

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory report, Consumer Price Index, Net Long-term TIC Flows, Industrial Production, Capacity Utilization, NAHB Housing Market Index, FOMC meeting minutes

Thur. – Housing Starts, Initial Jobless Claims, Building Permits, Philly Fed

Fri. – None of note

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

Mon. – Novellus Systems(NVLS), Genentech Inc.(DNA), JB Hunt Transport Services(JBHT), Charles Schwab(SCHW)

Tues. – Eaton Corp.(ETN), US Bancorp(USB), WW Grainger(GWW), Altera(ALTR), Intel Corp.(INTC), CSX Corp.(CSX), Seagate Technology(STX), VF Corp.(VFC), Cintas Corp.(CTAS), Johnson & Johnson(JNJ), Adtran Inc.(ADTN), State Street(STT), Polaris Industries(PII)

Wed. – Gannett Co.(GCI), Abbott Labs(ABT), St. Jude Medical(STJ), Wells Fargo(WFC), Yum! Brands(YUM), Xilinx Inc.(XLNX), Delta Air Lines(DAL), eBay Inc.(EBAY), AMR Corp.(AMR), Piper Jaffray(PJC)

Thur. – United Technologies(UTX), BlackRock Inc.(BLK), Comerica Inc.(CMA), BB&T Corp.(BBT), Coca-Cola Co.(KO), Fairchild Semi(FCS), Harley-Davidson(HDI), CIT Group(CIT), MGIC Investment Corp.(MTG), McMoRan Exploration(MMR), Coca-Cola Enterprises(CCE), JPMorgan Chase(JPM), Bank of NY(BK), Illinois Toolworks(ITW), International Game Technology(IGT), Reliance Steel(RS), Stryker Corp.(SYK), Merrill Lynch(MER), Capital One(COF), Gilead Sciences(GILD), Advanced Micro(AMD), Valmont Industries(VMI), TD Ameritrade(AMTD), Genuine Parts(GPC), Continental Airlines(CAL), Safeway Inc.(SWY), Microsoft Corp.(MSFT), Johnson Controls(JCI), Google Inc.(GOOG), Sunpower Corp.(SPWR), Baxter International(BAX), International Business Machines(IBM), PPG Industries(PPG), Nucor Corp.(NUE)

Fri. – Honeywell International(HON), Manpower(MAN), Mattel Inc.(MAT), Schlumberger(SLB), Citigroup(C), Sherwin Williams(SHW), Kinder Morgan Energy(KMP), Knight Transportation(KNT), First Data(FDC)

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

Mon. – SEMICON West, (NVLS) analyst event

Tue. – The Fed’s Yellen speaking, (GE) analyst meeting, (DNB) investor day, (AEO) analyst day, (VRGY) analyst meeting, (KLAC) analyst briefing, (LRCX) analyst meeting, (THQI) analyst meeting, SEMICON West

Wed. – The Fed’s Hoenig speaking, (LDK) analyst meeting, (RTEC) analyst meeting, SEMICON West

Thur. – SEMICON West

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week modestly higher on less economic pessimism, a bounce in emerging market shares, a bounce in financial stocks, bargain-hunting, less credit market angst, mostly positive earnings reports and short-covering. My trading indicators are giving mostly bearish signals and the Portfolio is 75% net long heading into the week.