Sunday, November 20, 2005

Weekly Outlook

There are a few important economic reports and significant corporate earnings reports scheduled for release this week.

Economic reports for the week include:

Mon. - Leading Indicators
Tues. - Richmond Fed Index, Minutes of Nov.1 FOMC Meeting
Wed. - Initial Jobless Claims, Univ. of Mich. Consumer Confidence
Thur. - US markets closed for Thanksgiving
Fri. - None of note/US markets close at 1 pm EST

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

Mon. - Campbell Soup(CPB), CBRL Group(CBRL), Philips-Van Heusen(PVH)
Tues. - AES Corp.(AES), Albertson’s(ABS), BISYS Group(BSG), Coldwater Creek(CWTR), Deere & Co.(DE), Dollar General(DG), Dollar Tree(DLTR), Eaton Vance(EV), HJ Heinz(HNZ), Michaels Stores(MIK), PETCO Animal Supplies(PETC), Tech Data(TECD)
Wed. - Dana Corp.(DCN), Patterson Companies(PDCO)
Thur. - US markets closed for Thanksgiving
Fri. - None of note/US markets close at 1 pm EST

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

Mon. - None of note
Tue. - None of note
Wed. - None of note
Thur. - US markets closed for Thanksgiving
Fri. - None of note/US markets close at 1 pm EST

BOTTOM LINE: I expect US stocks to finish the week modestly higher on more optimism, lower energy prices and short-covering. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.

No comments: