What to Watch For This Week
By John C. Lee | October 13, 2008 | 12:34 PM | 0 Comments
• The tradable bottom in place starting today. Be ready to sell & sell short if an appropriate signal appears. This rally could last from one day to several days.
• Global developments on governments taking large stakes in financial firms and other world news
• Precious metals and their reaction
• A large number of earnings reports this week
Noteworthy Economic Reports: Mon. (none – Columbus Day)Tues. (ICSC-Goldman Store Sales – 7:45AM, Treasury Budget – 2:00PM), Wed. (MBA Mortgage Applications – 7:00AM, Empire State Manufacturing Survey – 8:30AM, PPI – 8:30AM, Retail Sales – 8:30AM, Business Inventories – 10:00AM, EIA Energy Status – 10:35AM), Thurs. (CPI – 8:30AM, Jobless Claims – 8:30AM, Industrial Production – 9:15AM, Philly Fed – 10:00AM), Fri. (Housing Starts – 8:30AM, Consumer Sentiment – 10:00AM)
Noteworthy Earnings Reports (planned): Mon. (STLY), Tues. (ADTN, DPZ, JNJ, PEP, CSX, ENZ, DNA, INTC), Wed. (ABT, KO, JPM, MV, PJC, STJ, WFC, DAL, EBAY, XLNX, LSTR, STLD), Thurs. (BBT, BBW, CIT, C, HOG, HSY, MEG, MER, NOK, NUE, RS, SHW, SON, LUV, UTX, WERN, WGO, CAL, DHR, GOOG, ISRG, PNC, AMD, COF, ESLR, GILD, IBM, LEG, SYK, TPX), Fri. (FHN, HON, SLB, SONC)
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