Weekly Outlook

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Click here for Tuesday’s US Equity Movers by Bloomberg.com.

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. – US Markets Closed

Tues. – Richmond Fed Manufacturing Index, weekly retail sales reports

Wed. – Weekly MBA Mortgage Applications report

Thur. – Initial Jobless Claims, Existing Home Sales, Weekly EIA energy inventory report

Fri. – None of note

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

Mon. – US Markets Closed

Tues. – Precision Castparts(PCP), Bank of America(BAC), Eaton Corp(ETN), Wachovia Corp.(WB), United Healthcare(UNH), Keycorp(KEY), Regions Financial(RF), Johnson & Johnson(JNJ), Jacobs Engineering(JEC), Adtran(ADTN), BJ Services(BJS), UAL Corp.(UAUA), Du Pont(DD), CSX Corp.(CSX), AMBAC Financial(ABK), Tellabs Inc.(TLAB), Fastenal(FAST), Amdocs(DOX), Cree Inc.(CREE), Norfolk Southern(NSC), Apple Inc.(AAPL), Texas Instruments(TXN), Waters Corp.(WAT), Regis Corp.(RGS), Fair Isaac Corp.(FIC)

Wed. – Coach Inc.(COH), SLM Corp.(SLM), Freeport-McMoRan(FCX), Pfizer(PFE), SunTrust Banks(STI), Parametric Technology(PMTC), Abbott Labs(ABT), Brinker Intl.(EAT), Ethan Allen(ETH), United Technologies(UTX), Piper Jaffray(PJC), Checkpoint Software(CHKP), Praxair(PX), Rockwell Automation(ROK), St. Jude Medical(STJ), ConocoPhillips(COP), Qualcomm Inc.(QCOM), Stryker Corp.(SYK), Capital One Financial(COF), Gilead Sciences(GILD), Teradyne Inc.(TER), Ryland Group(RYL), F5 Networks(FFIV), QLogic Corp.(QLGC), Noble Corp.(NE), Western Digital(WDC), NetFlix(NFLX), WellPoint(WLP), Exelon Corp.(EXC), AllianceBernstein(AB), Raymond James(RJF), Delta Air(DAL), Southwest Airlines(LUV), Symantec Corp.(SYMC), eBay Inc.(EBAY), Kimberly-Clark(KMB), General Dynamics(GD), Jeffries Group(JEF), Allegheny Technologies(ATI), Motorola(MOT)

Thur. – AmerisourceBergen(ABC), Deluxe Corp.(DLX), Lennar Corp.(LEN), Northrop Grumman(NOC), Hershey Co.(HSY), Xerox Corp.(XRX), Ford Motor(F), Rockwell Collins(COL), AT&T(T), Franklin Resources(BEN), Kla-Tencor(KLAC), E*Trade Financial(ETFC), Juniper Networks(JNPR), Microsoft(MSFT), Amgen Inc.(AMGN), Broadcom(BRCM), Microchip Tech(MCHP), Sybase Inc.(SY), Baxter International(BAX), National City(NCC), Consolidated Edison(ED), MEMC Electronics(WFR), Emulex Corp.(ELX), Becton Dickinson(BDX), Lockheed Martin(LMT), Nucor Corp.(NUE), Lam Research(LRCX)

Fri. – Honeywell(HON), Harley-Davidson(HOG), Caterpillar(CAT), Southern Copper(PCU), Dow Jones(DJ), Microstrategy(MSTR), Legg Mason(LM), Fortune Brands(FO), ImClone Systems(IMCL)

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

Mon. – US Markets Closed

Tue. – JPMorgan High Yield Conference

Wed. – JPMorgan High Yield Conference, (HS) investor day, (SPW) investor meeting

Thur. – (CRXX) analyst meeting, (KMP) analyst meeting

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week modestly higher on a firmer US dollar, lower energy prices, mostly positive earnings reports, bargain hunting and short-covering. My trading indicators are giving mixed signals and the Portfolio is 100% net long heading into the week.