Weekly Outlook

Click here for Wall St. Week Ahead by Reuters.

Click here for stocks in focus for Monday by MarketWatch.

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

Economic reports for the week include:

Mon. – None of note

Tues. – Richmond Fed Manufacturing Index, Existing Home Sales, House Price Index, weekly retail sales reports

Wed. – Weekly MBA mortgage applications report, weekly EIA energy inventory report, Durable Goods Orders, New Home Sales, FOMC Rate Decision

Thur. – Final 1Q GDP, Final 1Q Personal Consumption, Final 1Q GDP Price Index, Final 1Q Core PCE, Initial Jobless Claims, Continuing Claims

Fri. – Personal Income, Personal Spending, PCE Core, Univ. of Mich. Consumer Confidence Index

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

Mon. – Walgreen Co.(WAG)

Tues. – Steelcase(SCS), Jabil Circuit(JBL), Darden Restaurant(DRI), Oracle Corp.(ORCL), Commercial Metals(CMC), Kroger Co..(KR)

Wed. – Monsanto(MON), Nike Inc.(NKE), Paychex(PAYX), Red Hat(RHT), American Greeting(AM), Bed Bath & Beyond(BBBY)

Thur. – Lennar Corp.(LEN), Jackson Hewitt(JTX), ConAgra(CAG), Palm Inc.(PALM), Micron Technology(MU), McCormick(MKC)

Fri. – KB Home(KBH)

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

Mon. – (TK) analyst meeting, (BMC) analyst meeting, (KMX) shareholders meeting, $40 billion 2-year Treasury Note Auction, (DAL) stockholders meeting

Tue. – (BBY) shareholders meeting, $37 billion 5-year Treasury Note Auction, Wachovia Equity Conference

Wed. – (POL) Investor Day, Bernanke testimony on BAC/MER Deal, $27 billion 7-year Treasury Note Auction, (FSLR) investor meeting, Wachovia Equity Conference

Thur. – (CHS) analyst meeting, the Fed’s Fisher speaking

Fri. – None of note

BOTTOM LINE: I expect US stocks to finish the week mixed as diminishing financial sector pessimism, investment manager performance anxiety and lower energy prices offset profit-taking, more shorting and increasing economic angst. My trading indicators are giving mixed signals and the Portfolio is 100% net long heading into the week.