Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – Consumer Credit

Tues. – Pending Home Sales, IBD/TIPP Economic Optimism, weekly retail sales reports, Wholesale Inventories

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory data

Thur. – Trade Balance, Import Price Index, Initial Jobless Claims, Monthly Budget Statement

Fri. – Producer Price Index, Advance Retail Sales, Univ. of Mich. Consumer Confidence, Business Inventories

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

Mon. – None of note

Tues. – PEP Boys(PBY), John Wiley(JW/A), Korn/Ferry(KFI), VeriFone(PAY)

Wed. – None of note

Thur. – Campbell Soup(CPB)

Fri. – None of note

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

Mon. – Fed’s Fisher speaking, Lehman Brothers Financial Services Conference, Citigroup Biotech Conference, Sidoti Healthcare Conference, Wachovia Transport Conference

Tue. – (OC) Investor Day, (CRA) analyst meeting, (NFX) analyst meeting, (MMM) investor day, (BBND) analyst meeting, (SRX) analyst meeting, (TXN) Mid-quarter Update, Wachovia Transport Conference, Deutsche Bank Tech Conference, Morgan Stanley Global Healthcare Conference, Lehman Financial Services Conference

Wed. – (ZLC) investor day, (PNR) investor day, (COV) analyst meeting, Lehman Financial Services Conference, Morgan Stanley Industrials Conference, Keybanc Basic Materials Conference, BB&T Conference, BMO Capital Back to School Conference, Cowen Clean Energy Conference, Deutsche Bank Tech Conference, Jeffries Tech Conference, Robert W. Baird Small-cap Healthcare Conference

Thur. – BMO Capital Real Estate Conference, Jeffries Tech Conference, Deutsche Bank Tech Conference, Keybanc Basic Materials Conference, Morgan Stanley Industrials Conference

Fri. – (AGP) investor day, Kaufman Brothers Investor Conference, Morgan Keegan Equity Conference, Thomas Weisel Healthcare Conference

BOTTOM LINE: I expect US stocks to finish the week modestly higher on bargain-hunting, less credit market angst, diminishing financial sector pessimism, lower commodity prices and short-covering. My trading indicators are giving neutral signals and the Portfolio is 100% net long heading into the week.