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. – Pending Home Sales, Construction Spending

Tues. – Weekly retail sales reports, ISM Non-Manufacturing Index

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, Challenger Job Cuts, ADP Employment Change

Thur. – 1Q Non-farm Productivity, 1Q Unit Labor Costs, Initial Jobless Claims, ICSC Chain Store Sales, Consumer Credit

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Wholesale Inventories

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

Mon. – Administaff(ASF), Sprint Nextel(S), Mckesson(MCK), Post Properties(PPS), Vulcan Materials(VMC), Chesapeake Energy(CHK), MGM Mirage(MGM), Loews(L), Tyson Foods(TSN), Estee Lauder(EL), Tidewater(TDW)

Tues. – Automatic Data Processing(ADP), Diebold(DBD), St Joe(JOE), Weyerhaeuser(WY), Emerson Electric(EMR), Kraft Foods(KFT), Duke Energy(DUK), Walt Disney(DIS), Centex(CTX), Electronic Atrs(ERTS), Pulte Homes(PHM), CVS Caremark(CVS), Archer-Daniels-Midland(ADM), Las Vegas Sands(LVS), Avon Products(AVP), IntercontinentalExchange(ICE), Wynn Resorts(WYNN)

Wed. – News Corp.(NWS/A), Anadarko Petroleum(APC), Cisco Systems(CSCO), Symantec(SYMC)

Thur. – DR Horton(DHI), Allstate(ALL), Microchip Tech(MCHP), Nvidia(NVDA)

Fri. – Priceline.com(PCLN), El Paso(EP), Gartner(IT)

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

Mon. – The Fed’s Hoenig speaking, Fed’s Lacker speaking, (ZMH) shareholders meeting, (RIMM) Capital Markets Day, (SEE) analyst meeting, (AFL) shareholders meeting, (SHLD) shareholders meeting, (MOT) shareholders meeting

Tue. – The Fed’s Rosengren speaking, Fed Chairman Bernanke’s testimony on economy, Fed’s Hilton speaking, Fed’s Stern speaking, Fed’s Yellen speaking, (D) shareholders meeting, (BMY) shareholders meeting

Wed. – The Fed’s Stern speaking, Fed’s Yellen speaking, (FWLT) shareholders meeting, (PEP) shareholders meeting, (HOT) shareholders meeting, (GILD) stockholders meeting

Thur. – The Fed’s Evans speaking, Fed’s Bernanke speaking, (POT) shareholders meeting, (VZ) shareholders meeting, (BTU) shareholders meeting

Fri. – The Fed’s Evans speaking, Fed’s Lacker speaking, (AA) shareholders meeting, (GS) 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, investment manager performance anxiety, less swine flu fear and diminishing financial sector pessimism. My trading indicators are giving bullish signals and the Portfolio is 75% net long heading into the week.