Monday, February 20, 2006

Weekly Outlook

Click here for The Week Ahead by Reuters

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

Economic reports for the week include:

Mon. - US Markets Closed
Tues. - Leading Indicators, FOMC Minutes
Wed. - Consumer Price Index
Thur. - Initial Jobless Claims
Fri. - Durable Goods Orders

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

Mon. - US Markets Closed
Tues. - Abgenix(ABGX), Baidu.com(BIDU), CBRL Group(CBRL), Clear Channel(CCU), Domino’s Pizza(DPZ), Federated Department Store(FD), Home Depot(HD), Lamar Advertising(LAMR), Medtronic(MDT), Reliant Energy(RRI), Wal-Mart Stores(WMT)
Wed. - Express Scripts(ESRX), Garmin Ltd.(GRMN), Harrah’s Entertainment(HET), Henry Schein(HSIC), Martha Stewart(MSO), Novell Inc.(NOVL), OfficeMax(OMX), Salesforce.com(CRM), Sprint Nextel(S), Teekay Shipping(TK), TJX Cos.(TJX), Viacom(VIA)
Thur. - BEA Systems(BEAS), Checkpoint Systems(CKP), ENSCO Intl.(ESV), Gap Inc.(GPS), GlobalSanteFe Co.(GSF), H&R Block(HRB), Kohl’s Corp.(KSS), Limited Brands(LTD), Marvel Entertainment(MVL), Marvell Technology(MRVL), MGM Mirage(MGM), Mohawk Industries(MHK), Netease.com(NTES), Nordstrom(JWN), Toll Brothers(TOL), Wynn Resorts(WYNN)
Fri. - American International Group(AIG), American Tower Corp.(AMT), Autozone Inc.(AZO), Pixar Corp.(PIXR)

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

Mon. - US Markets Closed
Tue. - Wachovia Consumer Growth Conference, Morgan Stanley Basic Materials Conference
Wed. - Morgan Stanley Basic Materials Conference, JPMorgan Airline Conference, Wachovia Consumer Growth Conference
Thur. - JPMorgan Airline Conference, Wachovia Consumer Growth Conference, Morgan Stanley Basic Materials Conference
Fri. - Wachovia Consumer Growth Conference

BOTTOM LINE: I expect US stocks to finish the week modestly higher on positive economic data, good earnings reports and short-covering. My trading indicators are now giving mixed signals and the Portfolio is 100% net long heading into the week.

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