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Monday, July 16, 2007

Earnings in Full Swing

The bulls charged and emerged victorious last week. However, Dr Brett noted that many indicators were not confirming the recent price strength. Let's see how the market acts this week as earnings season start to intensify with many bell weather stocks reporting earnings. Not forgetting there will be several speeches by the Fed Chairman and Presidents. And also its Options Expiration Week!

Mon: NY Empire State Index
Notable earnings: GWW, ETN, NVLS

Tue: PPI, Industrial Production, Fed President Hoenig speaks about the economy and the monetary outlook.
Notable earnings: YHOO, KO, USNA, MER, PPDI, JNJ, INTC, JEF

Wed: CPI, Building Permits, Housing Starts, Fed Chairman speaks on semiannual monetary policy.
Notable earnings: ABT, MO, EBAY, JPPM, JCI, JNPR, NE, PFE, UTX, DST

Thurs: Fed Chairman to speak to US Senate Committee about banking, housing and urban affairs, Leading Indicators, Phil Fed, FOMC Minutes
Notable earnings: AMD, BAC, COF, CY, ISRG, GOOG, HOG, HON, GILD, ITW, SNDK, MOT, MSFT, OXPS, NUE, STX

Fri: President Poole speaks about subprime mortgages
Notable earnings: CAT, C, BSX, SLB


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