Weak Start for the Week Ahead?
We'll see how the market kick off today but for a start, news from Reuters does not seem so postive and we may see a weak start today. Will the bulls be able fight off the weak start like it always did recently?
Reuters reported that:
-Traffic was down but spending was up during the 3 day holiday season and that analysts were not not impressed with overall traffic levels.
-Web sales were down on Black Friday.
-Wal-Mart sees weak sales as holiday season starts
Here's looking at the week ahead. We've got a fair amount of economic data and a couple of earnings from the retailers as well.
Tue: Consumer Confidence, Existing Home Sales
Notable earnings: CHS, DBRN, FRO, **ARO
Wed: New Home Sales, Fed Beige Book
Notable earnings: TIF
Thurs: Personal Income, Personal Spending
Notable earnings: HRB, HNZ, *CAKE, OVTI
*Big mover earnings stock
**If you are trading ARO, pls check its earnings announcement again for confirmation. Yahoo Finance reflects 29/11 AMC while briefing.com shows up 28/11 AMC. ARO website didn't specifically state earnings time and date, though it mentioned that its conference call is on 29/11 morning, so most likely I think is 28/11 AMC.