Click here for The Week Ahead by Reuters
Click here for Stocks in Focus for Monday by MarketWatch
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. – Factory Orders
Tues. – ISM Non-Manufacturing, weekly retail sales reports
Wed. – weekly MBA mortgage applications report, Challenger Job Cuts, Non-farm Productivity, Unit Labor Costs, weekly EIA energy inventory report
Thur. – Initial Jobless Claims, Wholesale Inventories, ICSC Chain Store Sales, Consumer Credit
Fri. – Trade Balance
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. – Freddie Mac(FRE), FuelCell Energy(FCEL), Krispy Kreme(KKD), Quality Systems(QSII)
Tues. – Bob Evans Farms(BOBE), Brown-Forman(BF/A), Copart Inc.(CPRT), Guess? Inc.(GES)
Wed. – ADC Telecom(ADCT), Comtech Telecom(CMTL), DSW Inc.(DSW), IDT Corp.(IDT), Korn/Ferry(KFY), La-Z-Boy(LZB), Martek Biosciences(MATK)
Thur. – Analogic Corp.(ALOG), Cascade Corp.(CAE), Cooper Cos(COO), JOS A Bank(JOSB), National Semi(NSM), Neiman-Marcus Group(NMG/A),
Fri. – Quiksilver Inc.(ZQK), Shuffle Master(SHFL), Vail Resorts(MTN)
Other events that have market-moving potential this week include:
Mon. – Goldman Sachs Lodging/Gaming/Restaurant/Leisure Conference, ASCO Annual Meeting, Deutsche Bank Media/Telecom Conference, (PMTC) Global Media/Analyst Event, (PFE) Analyst Meeting
Tue. – Deutsche Bank Media/Telecom Conference, Merrill Lynch Agricultural Chemical Conference, RBC Energy Conference, Lehman Brothers Industrial Distribution Conference, ASCO Annual Meeting, Goldman Sachs Lodging/Gaming/Restaurant/Leisure Conference, Morgan Stanley Data Center Symposium, (VRSN) Analyst Day, (ONXX) Analyst Briefing, Fed’s Bernanke speaking, Fed’s Warsh speaking
Wed. – Stephens Spring Investment Conference, RBC Energy Conference, Keybanc Industrial/Automotive Conference, Kaufman Brothers Digital Media Conference, Lehman Brothers Global Services Conference, Piper Jaffray Consumer Conference, BOE Policy Meeting, (NYX) Analyst Day, Fed’s Pianalto speaking, Fed’s Lacker speaking, Fed’s Hoenig speaking
Thur. – CSFB Engineering/Construction Conference, Lehman Brothers Global Services Conference, Bear Stearns Biotech Confab, Keybanc Industrial/Automotive Conference, CIBC Alternative Energy Conference, Piper Jaffray Consumer Conference, Citigroup Power/Gas/Utilities Conference, Stephens Spring Investment Conference
Fri. – Citigroup Power/Gas/Utilities Conference
BOTTOM LINE: I expect US stocks to finish the week modestly higher on buyout speculation, lower energy prices, more economic optimism, stable long-term rates, investment manager performance anxiety and short-covering. My trading indicators are still giving bullish signals and the Portfolio is 100% net long heading into the week.
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