Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for Stocks to Watch Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – ISM Manufacturing, ISM Prices Paid, Construction Spending, Total Vehicle Sales

Tues. – Weekly retail sales, Personal Income, Personal Spending, PCE Core, Pending Home Sales, ABC Consumer Confidence

Wed. – Weekly EIA energy inventory report, weekly MBA mortgage applications report, Challenger Job Cuts, ADP Employment Change, ISM Non-Manufacturing, Factory Orders

Thur. – Initial Jobless Claims, ICSC Chain Store Sales, weekly EIA natural gas inventory report

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Consumer Credit

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

Mon. – Clorox Co.(CLX), Barnes Group(B), Loews Corp.(L), MGM Mirage(MGM), Administaff(ASF), Molson Coors(TAP), Marathon Oil(MRO), Tyson Foods(TSN), Anadarko Petroleum(APC), Carmike Cinamas(CKEC), Pulte Homes(PHM), Chesapeake Energy(CHK), Vulcan Materials(VMC), Post Properties(PPS)

Tues. – DR Horton(DHI), Simon Property(SPG), St Joe(STJ), Diebold(DBD), Archer-Daniels-Midland(ADM), Duke Energy(DUK), CVS Caremark(CVS), Kraft Foods(KFT), Cephalon(CEPH), Electronic Arts(ERTS), Whole Foods(WFMI), BMC Software(BMC), IntercontinentalExchange(ICE), Emerson Electric(EMR), Papa John’s(PZZA), Rowan Cos(RDC)

Wed. – March & Mclennan(MMC), Baker Hughes(BHI), Procter & Gamble(PG), Foster Wheeler(FWLT), Polo Ralph Lauren(RL), News Corp(NWSA), Prudential Financial(PRU), Allstate(ALL), Career Education(CECO), Cisco Systems(CSCO), Murphy Oil(MRO), Devon Energy(DVN), Vornado Realty(VNO), XTO Energy(XTO)

Thur. – Wendy’s(WEN), Blackstone(BX), Williams Cos(WMB), Computer Sciences(CSC), Beazer(BZH), DirectTV Group(DTV), Public Storage(PSA), Microchip Tech(MCHP), Brinker Intl(EAT), El Paso Corp.(EP), Nvidia(NVDA), Comcast(CMCSA)

Fri. – HHGregg(HGG), Mirant(MIR)

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

Mon. – (CAT) analyst event

Tue. – The Fed’s Tarullo speaking, (CAT) analyst event

Wed. – (AXP) financial community meeting, BMO Capital Healthcare Conference

Thur. – Oppenheimer Healthcare IT Conference, (VPRT) shareholder meeting, (THQI) shareholder meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as less financial sector pessimism, diminishing economic fear, investment manager performance anxiety and mostly positive earnings reports offset more shorting, profit-taking and higher long-term rates. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.