Economic reports for the week include:
Mon. - None of note
Tues. - Producer Price Index, Advance Retail Sales, Empire Manufacturing
Wed. - Consumer Price Index, Business Inventories, Net Foreign Security Purchases, NAHB Housing Market Index
Thur. - Housing Starts, Building Permits, Initial Jobless Claims, Industrial Production, Philadelphia Fed.
Fri. - None of note
A few of the more noteworthy companies that release quarterly earnings this week are:
Mon. - Agilent Technologies(A), American International Group(AIG), Lowe’s(LOW), Tyson Foods(TSN), Wal-Mart Stores(WMT)
Tues. - Abercrombie & Fitch(ANF), American Eagle Outfitters(AEOS), Analog Devices(ADI), Dick’s Sporting Goods(DKS), GameStop(GME), Home Depot(HD), Staples(SPLS), TJX(TJX)
Wed. - Applied Materials(AMAT), Borders Group(BGP), DR Horton(DHI), Intuit(INTU), Medtronic(MDT), Petsmart(PETM), Tyco International(TYC)
Thur. - Autodesk(ADSK), Barnes & Noble(BKS), Gap Inc.(GPS), H&R Block(HRB), Hewlett-Packard(HPQ), Marvell Technology(MRVL), Nordstrom(JWN), Sears Holdings(SHLD), Sports Authority(TSA), Starbucks Corp.(SBUX), Walt Disney(DIS), Williams-Sonoma(WSM)
Fri. - AnnTaylor Stores(ANN), Freddie Mac(FRE)
Other events that have market-moving potential this week include:
Mon. - Banc of America Energy Conference
Tue. - UBS Global Communications Conference, Merrill Lynch Banking & Financial Services Conference, Banc of America Energy Conference, Pacific Growth Top Tech Conference, the Fed’s Fisher speaking, the Fed’s Moskow speaking, CSFB Insurance Conference
Wed. - Merrill Lynch Banking & Financial Services Conference, CSFB Healthcare Conference, Lehman Brothers Small-cap Conference, UBS Global Communications Conference, the Fed’s Santomero speaking, CSFB Insurance Conference
Thur. - UBS Global Communications Conference, Merrill Lynch Banking & Financial Services Conference, the Fed’s Moskow speaking, the Fed’s Pianalto speaking, CSFB Healthcare Conference, Lehman Brothers Small-cap Conference, Semi Book-to-Bill, Deutsche Bank Hospitality & Gaming Conference, Lehman Brothers Small-cap Conference
Fri. - Lehman Brothers Small-cap Conference, CSFB Healthcare Conference
BOTTOM LINE: I expect US stocks to finish the week mixed, as lower energy prices, lower long-term rates, healthy retail data and decelerating inflation readings offset profit-taking. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.
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