Click here for Wall Street Week Ahead by Reuters.
Click here for stocks in focus for Monday by MarketWatch.
There are a number of economic reports of note and several significant corporate earnings reports scheduled for release this week.
Economic reports for the week include:
Mon. – Total Vehicle Sales, ISM Manufacturing, ISM Prices Paid, Construction Spending
Tues. – Factory Orders, weekly retail sales
Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory report, Challenger Job Cuts, ADP Employment Change, ISM Non-Manufacturing
Thur. – Preliminary 3Q Non-farm Productivity, Preliminary 3Q Unit Labor Costs, Initial Jobless Claims, ICSC Chain Store Sales
Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Wholesale Inventories, Pending Home Sales, Consumer Credit
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. – Goodyear Tire(GT), American Tower(AMT), Viacom(VIA/B), Forest Oil(FST), Mastercard(MA), Post Properties(PPS), Automatic Data Processing(ADP), NetSuite(N), Anadarko Petroleum(APC), Pitney Bowes(PBI), SYSCO(SYY), Mohawk Industries(MHK)
Tues. – Dean Foods(DF), St Joe(JOE), Archer-Daniels(ADM), Emerson Electric(EMR), Pappa John’s(PZZA), Rowan Cos(RDC), Louisiana-Pacific(LPX), Kenneth Cole(KCP), Vornado Realty(VNO)
Wed. – Foster Wheeler(FWLT), Corinthian Colleges(COCO), Checkpoint Systems(CKP), Quanta Services(PWR), Time Warner(TWX), IAC/InterActiveCorp(IACI), Marsh & McLennan(MMC), Medco Health(MHS), Duke Energy(DUK), Transocean(RIG), Polo Ralph Lauren(RL), News Corp.(NWS/A), Cisco Systems(CSCO), Vulcan Materials(VMC), Conseco(CNO), THQ Inc.(THQI), Devon Energy(DVN), Las Vegas Sands(LVS), McDermott Intl.(MDR), Whole Foods(WFMI)
Thur. – Wendy’s(WEN), Dynegy(DYN), Warnaco(WRC), Williams Cos(WMB), Grub & Ellis(GBE), Qualcomm(QCOM), Walt Disney(DIS), Flour Corp.(FLR), Dolby Labs(DLB), Avis Budget(CAR), CB Richard Ellis(CBG), Onyx Pharmaceuticals(ONXX), Nvidia Corp.(NVDA), BearingPoint(BE), priceline.com(PCLN), El Paso(EP), Beazer Homes(BZH), AutoNation(AN), OfficeMax(OMX)
Fri. – Anheuser-Busch(BUD), Sprint Nextel(S), Ford Motor(F),
Other events that have market-moving potential this week include:
Mon. – Fed’s Lacker speaking, (NITE) analyst meeting, Oppenheimer Healthcare Conference
Tue. – (FFIV) analyst meeting, Fed’s Fisher speaking, Oppenheimer Healthcare Conference, Goldman Sachs Software Conference
Wed. – (L) investor meeting, (SLE) analyst meeting, (CEPH) analyst day, Goldman Sachs Industrials Conference, Keefe Bruyette Woods Brokerage Conference, Goldman Sachs Software Conference
Thur. – Fed’s Warsh speaking, (CTV) financial analyst conference, (ILMN) analyst day, (SRP) analyst meeting
Fri. – Fed’s Lockhart speaking
BOTTOM LINE: I expect US stocks to finish the week modestly higher on an end to political uncertainty, seasonal strength, bargain-hunting, technical buying, less credit market angst, diminishing financial sector pessimism, less forced selling and short-covering. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.