Sunday, February 08, 2009

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. – None of note

Tues. – Wholesale Inventories, IDP/TIPP Economic Optimism, weekly retail sales reports

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory data, Monthly Budget Statement, Trade Balance

Thur. – Advance Retail Sales, Initial Jobless Claims, Business Inventories

Fri. – Univ. o Mich. Consumer Confidence

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

Mon. – NYSE Euronext(NYX), Hasbro(HAS), Energy Conversion(ENER), Beazer Homes(BZH), Loews Corp.(L), Administaff(ASF), AGCO(AG), CNA Financial(CNA), Whirlpool(WHR), Cousins Properties(CUZ), Becman Coulter(BEC), Vulcan Materials(VMC), Genworth Financial(GNW)

Tues. – IntercontinentalExchange(ICE), NetSuite(N), Applied Materials(AMAT), CB Richard Ellis(CBG), Nvidia Corp.(NVDA), Cerner Corp.(CERN), Terra Industries(TRA)

Wed. – PF Chang’s(PFCB), Chipotle Mexican Grill(CMG), Post Properties(PPS), Masco(MAS), NetApp(NTAP), Lincare Holdings(LNCR), Jones Apparel(JNY), Grubb & Ellis(GBE), Genzyme(GENZ), Marsh & McLennan(MMC)

Thur. – Marriott(MAR), Strayer Education(STRA), Coca-Cola(KO), Aetna(AET), Viacom(VIA/B), Cephalon(CEPH), Panera Bread(PNRA), Cheesecake Factory(CAKE), McAfee(MFE)

Fri. – Biogen Idec(BIIB), Hillenbrand(HI), LaBarge(LB), Weyerhaeuser(WY)

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

Mon. – Tim Geithner’s Financial System Recovery Plan, the Fed’s Fisher speaking, Thomas Weisel Tech/Telecom Conference, Barclays Industrial Conference, Sterne Agee & Leach Financial Services Symposium, UBS Global Healthcare Conference, BIO Investor Conference

Tue. – The Fed’s Dudley speaking, Geithner’s testimony on financial rescue program, Bernanke testifies, Deutsche Bank Growth Conference, BIO Investor Conference, UBS Global Healthcare Conference, Barclays Industrial Conference, Sterne Agee & Leach Financial Services Symposium, Goldman Ag Conference, Thomas Weisel Tech/Telecom Conference

Wed. – (BCE) analyst meeting, (BBT) investor & analyst day, (NYX) investor day, (DVA) capital markets day, the Fed’s Duke speaking, the Fed’s Evans speaking, Barclays Industrial Conference, UBS Global Healthcare Conference, BB&T Transports Conference, Deutsche Bank Growth Conference, Thomas Weisel Tech/Telecom Conference

Thur. – (ATW) annual meeting, (ISIL) analyst day, (QGEN) analyst day, Deutsche Bank Growth Conference, BB&T Transports Conference, Goldman Sachs Consumer Leveraged Finance Conference

Fri. – (JACK) shareholders meeting, (HAS) analyst meeting

BOTTOM LINE: I expect US stocks to finish the week modestly higher on bargain-hunting, technical buying, declining credit market angst, less severe economic fear, falling financial sector pessimism and short-covering. My trading indicators are giving mostly bullish signals and the Portfolio is 100% net long heading into the week.

No comments: