Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – None of note

Tues. – S&P/CaseShiller Home Price Index, Consumer Confidence, weekly retail sales

Wed. – ADP Employment Change, weekly EIA energy inventory data, weekly MBA mortgage applications report

Thur. – Advance 2Q GDP, Advance 2Q Personal Consumption, Advance 2Q Core PCE, Advance 2Q Employment Cost Index, Initial Jobless Claims, weekly EIA natural gas inventory report, Chicago Purchasing Manager report, NAPM-Milwaukee

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, ISM Manufacturing, Construction Spending, Total Vehicle Sales

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

Mon. – Tyson Foods(TSN), CNA Financial(CNA), Kellogg(K), Kraft Foods(KFT), Verizon Communications(VZ), Amgen Inc.(AMGN), Electronic Data Systems(EDS), Mosaic(MOS)

Tues. – McGraw-Hill(MHP), Lear Corp.(LEA), Under Armour(UA), Cephalon Inc.(CEPH), Viacom(VIA/B), Centex Corp.(CTX), CB Richard Ellis(CBG), Electronic Arts(ERTS), MetLife Inc.(MET), OfficeMax(OMX), DreamWorks(DWA), Louisiana-Pacific(LPX), Buffalo Wild Wings(BWLD), Genworth Financial(GNW), United States Steel(X), Lam Research(LRCX), General Motors(GM), Coach Inc.(COH), Colgate-Palmolive(CL), Northrop Grumman(NOC), Pilgrim’s Pride(PPC), Safeco(SAF), AGCO(AG), Valero Energy(VLO)

Wed. – Corning Inc.(GLW), IAC/InterActiveCorp.(IAC), Moody’s Corp.(MCO), Automatic Data Processing(ADP), Timberland Co.(TBL), American Tower Corp.(AMT), Southern Co.(SO), SPX Corp.(SPW), Walt Disney(DIS), Cleveland-Cliffs(CLF), Visa Inc.(V), Psychiatric Solutions(PSYS), Starbucks(SBUX), IHQ Inc.(THQI), Owens-Illinois(OI), Digital River(DRIV), AvalonBay Communities(AVB), Covance Inc.(CVD), Express Scripts(ESRX), Symantec Corp.(SYMC), Akamai Technologies(AKAM), Office Depot(ODP), Noble Energy(NBL), Owens Corning(OC), Cummins Inc.(CMI), Avon Products(AVP), Comcast Corp.(CMCSA), Jones Apparel(JNY), Hess Corp.(HES), Energizer Holdings(ENR)

Thur. – Goodyear Tire(GT), CBS Corp.(CBS), FPL Group(FPL), Intl. Paper(IP), Aetna Inc.(AET), Motorola Inc.(MOT), Eastman Kodak(EK), Altria Group(MO), CVS/Caremark(CVS), CA Inc.(CA), Massey Energy(MEE), Morningstar Inc.(MORN), Chesapeake Energy(CHK), Dolby Labs(DLB), McAfee Inc.(MFE), Monster Worldwide(MNST), Kla-Tencor(KLAC), Constellation Energy(CEG), Mastercard(MA), Nymex(NMX), Apache Corp.(APA), Marathon Oil(MRO), Exxon Mobil(XOM)

Fri. – NYSE Euronext(NYX), Chevron(CVX), Tidewater(TDW), Cigna(CI), Boyd Gaming(BYD), Sun Micro(JAVA), Clorox(CLX), Las Vegas Sands(LVS)

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

Mon. – The Fed’s Mishkin speaking, (CPHD) analyst day

Tue. – (BEC) investor meeting, (GCO) analyst event, (IRIS) financial analyst reception

Wed. – None of note

Thur. – None of note

Fri. – (YHOO) shareholders meeting, (DRYS) shareholders meeting

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