Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – Personal Income, Personal Spending, PCE Core, ISM Manufacturing, ISM Prices Paid, Construction Spending

Tues. – Weekly retail sales reports, Pending Home Sales, Total Vehicle Sales

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory report, Challenger Job Cuts, ADP Employment, ISM Non-Manufacturing

Thur. – ICSC Chain Store Sales, Non-farm Productivity, Unit Labor Costs, Initial Jobless Claims, Factory Orders

Fri. – Change in Non-farm Payrolls, Unemployment Rate, Average Hourly Earnings, Consumer Credit

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

Mon. – Piper Jaffray(PJC), Sysco Corp(SYY), Humana(HUM), Mattel(MAT), Anadarko Petroleum(APC), SanDisk(SNDK), Plum Creek Timber(PCL), Aflac Inc.(AFL)

Tues. – IAC Interactive Corp.(IACI), Emerson Electric(EMR), DR Horton(DHI), Automatic Data(ADP), Corinthian Colleges, CME Group(CME), Manpower Inc.(MAN), Schering-Plough(SGP), Archer-Daniels-Midland(ADM), Northrop Grumman(NOC), Dow Chemical(DOW), Motorola(MOT), United Parcel Service(UPS), Walt Disney(DIS), Centex(CTX), MetLife(MET), Electronic Arts(ERTS), Jones Lang LaSalle(JLL), Massey Energy(MEE), Yum! Brands(YUM), Illumina(ILMN), Marathon Oil(MRO), Avon Products(AVP), Cummins(CMI), Merck(MRK), Alliance Data Systems(ADS)

Wed. – Wolverine World Wide(WWW), Diebold(DBD), Ryder System(R), Polo Ralph Lauren(RL), ITT Corp.(ITT), Kraft Foods(KFT), PPL Corp.(PPL), Time Warner(TWX), Cisco Systems(CSCO), Visa Inc.(V), Prudential Financial(PRU), BMC Software(BMC), Pulte Homes(PHM), THQ Inc.(THQI), AvalonBay(AVB), Dolby Labs(DLB), Novellus(NVLS), Akamai Technologies(AKAM), Devon Energy(DVN), Sunoco(SUN), Allergan(AGN), Sara Lee(SLE), Crown Castle(CCI), Clorox(CLX)

Thur. – Bunge(BG), Cardinal Health(CAH), Estee Lauder(EL), Timberland(TBL), Warner Music Group(WMG), Burger King(BKC), Cigna Corp.(CI), Duke Energy(DUK), Kellogg(K), News Corp.(NWS/A), Mastercard(MA), Diamond Offshore(DO), Bebe Stores(BEBE), Louisiana-Pacific(LPX), Pitney Bowes(PBI)

Fri. – Biogen Idec(BIIB), Weyerhaeuser(WY)

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

Mon. – JPMorgan Global High Yield/Leveraged Finance Conference, CSFB Energy Summit, (SRDX) shareholders meeting, (LQDT) shareholders meeting

Tue. – JPMorgan Global High Yield/Leveraged Finance Conference, CSFB Energy Summit, (OSK) shareholders meeting, (BDX) shareholders meeting, (EMR) shareholders meeting

Wed. – Cowen Aerospace/Defense Conference, JPMorgan Global High Yield/Leveraged Finance Conference, CSFB Financial Services Forum, CSFB Energy Summit, (CX) Day, (UMH) investor forum, (AXP) financial community meeting

Thur. – Cowen and Company Aerospace/Defense Conference, CSFB Energy Summit, , CSFB Financial Services Conference, The Fed’s Plosser speaking, Fed’s Bullard speaking, Fed’s Stern speaking, (KMT) financial community meeting, (COV) at Dow Jones Global Ethics Summit, (TEG) World Money Show, (STT) analyst meeting

Fri. – The Fed’s Yellen speaking, (EMR) analyst meeting, CSFB Financial Services Conference, CSFB Energy Summit

BOTTOM LINE: I expect US stocks to finish the week mixed as bargain-hunting and declining credit market angst offsets more shorting and rising financial sector pessimism. My trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.