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 many significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. – Leading Indicators

Tues. – Weekly retails sales reports

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, House Price Index

Thur. – Initial Jobless Claims, Existing Home Sales

Fri. – Durable Goods Orders, New Home Sales

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

Mon. – Bank of America(BAC), Hasbro(HAS), Halliburton(HAL), Eli Lilly(LLY), Eaton Corp.(ETN), Stryker (SYK), Lincare Holdings(LNCR), IBM(IBM), Texas Instruments(TXN), Boston Scientific(BSX)

Tues. – Lexmark Intl.(LXK), Forest Labs(FRX), Coca-Cola(KO), UnitedHealth(UNH), Johnson Controls(JCI), Manpower(MAN), Lockheed Martin(LMT), Comerica(CMA), BlackRock Inc.(BLK), United Technologies(UTX), Du Pont(DD), Bank of NY(BK), Keycorp(KEY), Caterpillar(CAT), Gilead Sciences(GILD), Capital One(COF), Altera(ALTR), Norfolk Southern(NSC), Illumina(ILMN), Broadcom(BRCM), Yahoo!(YHOO), State Street(STT), SanDisk(SNDK), Schering-Plough(SGP), Coach Inc.(COH), Brinker Intl(EAT), Merck(MRK), UAL Corp.(UAUA), Delta Air(DAL), TD Ameritrade(AMTD), BJ Services(BJS)

Wed. – Freeport-McMoRan(FCX), McDonald’s(MCD), Temple-Inland(TIN), WellPoint(WLP), Alteria Group(MO), PF Chang’s(PFCB), Boeing Co.(BA), St. Jude(STJ), Ryder System(R), Wells Fargo(WFC), AT&T(T), Continental Air(CAL), F5 Networks(FFIV), Qualcomm(QCOM), Robert Half(RHI), Chipotle Grill(CMG), VMware(VMW), Xilinx(XLNX), Yum! Brands(YUM), Apple(AAPL), eBay(EBAY), Morgan Stanley(MS), Sybase(SY), Lam Research(LRCX), Kimerly-Clark(KMB), Novellus(NVLS), Northrop Grumman(NOC), Genzyme(GENZ)

Thur. – EMC Corp.(EMC), Goodrich(GR), AmerisourceBergen(ABC), ITT Educational(ESI), SunTrust(STI), Marriott(MAR), L-3 Communications(LLL), CME Group(CME), PepsiCo(PEP), Zimmer(ZMH), Philip Morris(PM), Raytheon(RTN), United Parcel Service(UPS), ConocoPhillips(COP), Burlington Northern(BNI), NetFlix(NFLX), Cheesecake Factory(CAKE), Microsoft(MSFT), Western Digital(WDC), American Express(AXP), Juniper Networks(JNPR), Chubb(CB), DeVry(DV), Diamond Offshore(DO), Hershey(HSY), Amazon.com(AMZN), Amgen(AMGN), Kla-Tencor(KLAC), Black & Decker(BDK), International Game Technology(IGT), Royal Caribbean(RCL), Deckers Outdoor(DECK), Nucor(NUE)

Fri. – 3M(MMM), Honeywell(HON), ITT Industries(ITT), Schlumberger(SLB), Stanley Works(SWK)

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

Mon. – The Fed’s Evans speaking, Fed’s Kohn speaking, (GPC) shareholder meeting, (TOL) shareholders meeting, (CR) shareholders meeting, (LLY) shareholders meeting

Tue. – The Fed’s Hoenig speaking, (C) shareholders meeting, (GR) shareholders meeting, (CF) annual meeting, (AGU) annual meeting, (WFR) shareholders meeting, (NTRS) shareholders meeting, (V) shareholder meeting

Wed. – (JCP) analyst meeting, (KO) shareholders meeting, (GE) shareholders meeting, (ISRG) shareholders meeting, (CI) shareholders meeting

Thur. – Susquehanna Consumer Forum, (JNJ) shareholders meeting, (HUM) stockholders’ meeting

Fri. – Geithner meeting with G7 Finance Ministers, (ABT) shareholders meeting, (T) shareholders meeting, (PGR) annual meeting, (XL) shareholders meeting, (K) shareholders meeting

BOTTOM LINE: I expect US stocks to finish the week mixed as less credit market angst, better-than-feared earnings reports, declining economic fear, lower energy prices and diminishing financial sector pessimism offset more shorting and profit-taking. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.