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 many significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. – Dallas Fed Manf. Activity

Tues. – Weekly retail sales reports, S&P/CaseShiller Home Price Index, Consumer Confidence, Richmond Fed Manf. Index

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, 1Q Advance GDP, 1Q Personal Consumption, 1Q Core PCE, 1Q GDP Price Index, FOMC Rate Decision

Thur. – Personal Income, Personal Spending, PCE Core, 1Q Employment Cost Index, Initial Jobless Claims, Chicago PMI, NAPM-Milwaukee

Fri. – Univ. of Mich. Consumer Confidence, Factory Orders, ISM Manufacturing, ISM Prices Paid, Total Vehicle Sales

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

Mon. – Corning Inc.(GLW), Omnicom Group(OMC), Smith Intl(SII), Energizer(ENR), Humana(HUM), Whirlpool(WHR), Qualcomm(QCOM), Verizon(VZ), SL Green(SLG)

Tues. – FPL Group(FPL), McGraw-Hill(MHP), Jacobs Engineering(JEC), Under Armour(UA), Coventry Health(CVH), Cerner Corp.(CERN), E*Trade(ETFC), Panera Bread(PNRA), US Steel(X), Buffalo Wild Wings(BWLD), AGCO(AG), Office Depot(ODP), Bristol-Myers(BMY), Valero Energy(VLO), Pfizer(PFE), Becton Dickinson(BDX)

Wed. – Time Warner(TWX), Burger King(BKC), Medco(MHS), Baker Hughes(BHI), IAC/Interactive Corp.(IACI), American Tower(AMT), Aetna(AET), Wyeth(WYE), First Solar(FSLR), Starbucks(SBUX), Owens-Illinois(OI), Ryland Group(RYL), Flowserve(FLS), Aflac(AFL), Express Scripts(ESRX), Boston Properties(BXP), CB Richard Ellis(CBG), Visa Inc.(V), Hess Corp.(HES), Jones Apparel(JNY), Akamai(AKAM), General Dynamics(GD), SPX Corp.(SPW)

Thur. – NYSE Euronext(NYX), Apache Corp.(APA), Corinthian Colleges(COCO), Strayer Education(STRA), Starwood Hotels(HOT), International Paper(IP), Expedia(EXPE), Comcast Corp.(CMCSA), Cardinal Health(CAH), Monster Worldwide(MWW), Dow Chemical(DOW), Cigna(CI), Eastman Kodak(EK), Motorola(MOT), Viacom(VIA/B), Kellogg(K), QLogic(QLGC), MetLife(MET), Ingram Micro(IM), Newmont Mining(NEM), Celgene(CELG), Cummins Inc.(CMI), Las Vegas Sands(LVS), McAfee(MFE), Domino’s(CPZ), Wynn Resorts(WYNN), OfficeMax(OMX), General Motors(GM), Colgate-Palmolive(CL), Dominion Resources(D), Exxon Mobil(XOM), Microchip Tech(MCHP), Procter & Gamble(PG), Travelers(TRV)

Fri. – Allergan(AGN), Chevron(CVX), Clorox(CLX), Fortune Brands(FO), Mastercard(MA)

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

Mon. – (BA) shareholders meeting, (AXP) shareholders meeting, (TOL) shareholders meeting, (HON) shareholders meeting, (MFE) shareholders meeting

Tue. – (CB) shareholders meeting, Barclays Retail/Restaurant Conference, (X) shareholders meeting, (FO) shareholders meeting

Wed. – Barclays Retail/Restaurant Conference, (MRO) shareholders meeting, (EBAY) shareholders meeting

Thur. – (BDK) shareholders meeting, (AZN) annual meeting, (GLW) shareholders meeting, (SCHW) business update

Fri. – (R) shareholders meeting, (MAR) shareholders meeting, (OXY) shareholders meeting

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