Sunday, April 02, 2006

Weekly Outlook

Click here for The Week Ahead by Reuters

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

Economic reports for the week include:

Mon. - Construction Spending, Pending Home Sales, ISM Manufacturing, ISM Prices Paid, Vehicle Sales
Tues. - None of note
Wed. - ISM Non-Manufacturing
Thur. - Initial Jobless Claims
Fri. - Change in Non-farm Payrolls, Change in Manufacturing Payrolls, Unemployment Rate, Average Hourly Earnings, Wholesale Inventories, Consumer Credit

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

Mon. - Intermagnetics General(IMGC), Jos. A. Bank(JOSB), Micron Technology(MU)
Tues. - Delta & Pine Land(DLP), Dresser-Rand(DRC), Telephone & Data(TDS)
Wed. - Acuity Brands(AYI), Bed, Bath & Beyond(BBBY), Monsanto(MON)
Thur. - American Greetings(AM), Constellation Brands(STZ), Immucor(BLUD), Pier 1 Imports(PIR), Rite Aid(RAD), Stolt Offshore(SOSA), Terex Corp.(TEX), Triarc Companies(TRY)
Fri. - Longview Fiber(LFB), Mills Corp.(MLS), Shaw Group(SGR), Verint Systems(VRNT)

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

Mon. - Platts Global Power Markets Conference
Tue. - CIBC Biotech & Specialty Pharma Conference, CSFB Real Estate Conference
Wed. - CIBC Biotech & Specialty Pharma Conference, CSFB Real Estate Conference
Thur. - CSFB Real Estate Conference, Goldman Small-cap Growth Conference
Fri. - None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as mostly positive economic data, stable energy prices and short-covering offsets higher long-term rates and profit-taking. My trading indicators are now giving bullish signals and the Portfolio is 75% net long heading into the week.

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