FinancialContent is the trusted provider of stock market information to the media industry.
January 25, 2011 at 09:57 AM EST
Stock Market Schedule - GDP, Housing Data, EPS Reports Key
Stock Market Schedule
This week's stock market schedule highlights the fourth quarter GDP report, several important housing data points and the continuing flow of EPS reports.
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.
(Tickers: NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: NYX, NYSE: ICE, Nasdaq: NDAQ)
Stock Market Schedule - GDP, Housing Data, EPS Reports Key
While there were no economic reports scheduled for Monday, the National Association of Business Economics (NABE) released its January 2011 Industry Survey. The report offered good news, as the NABE said the number of businesses expressing hiring plans for 2011 was the highest seen in over a decade.
Standard & Poor's warned that downgrades of municipal bonds could increase in the near future, due to the financial pressures and obligations on municipalities.
The Saudi Oil Minister to OPEC issued comments that included speak on the possibility of production increases, and so oil prices moderated Monday.
Amgen (Nasdaq: AMGN) had a conference call with regard to its acquisition of BioVex. J.C. Penney (NYSE: JCP) had a call to discuss its strategic plans, which included the closing of several stores. The day's EPS schedule highlighted news from McDonald's (NYSE: MCD), Amgen, American Express (NYSE: AXP), Halliburton (NYSE: HAL), CSX (NYSE: CSX), Sealed Air (NYSE: SEE), Bank of Hawaii (NYSE: BOH), Ethan Allen (NYSE: ETH), ICICI Bank (NYSE: IBN), Mindspeed (Nasdaq: MSPD), Optical Cable (Nasdaq: OCCF), Packaging Corp. of America (NYSE: PKG), PetMed Express (Nasdaq: PETS), Sensata Technologies (NYSE: ST), SL Green (NYSE: SLG), Texas Instruments (NYSE: TXN), VMware (NYSE: VMW), Volterra (Nasdaq: VLTR) and Zions Bancorp (Nasdaq: ZION).
Tuesday brings two separate housing price metrics, including the S&P Case Shiller and the FHFA measures. In our view, both play second fiddle to the pricing data found in the Existing Home Sales Report, which was released last week. The National Association of Realtors (NAR) data showed the national median existing home price for all housing types fell about 1.0% against the prior year month, to a level of $168,800.
S&P Case Shiller will report on the month of October this week, but its data has reflected the price decline we've seen in the NAR data, just a couple months later. The FHFA data is not much better, as it will report on November. Economists don't bother to forecast this late data, as Bloomberg and others have no consensus estimates posted. Nonetheless, the reports will garner media attention and deserve yours, I suppose.
The Conference Board will report on Consumer Confidence for this January at 10:00 AM. Confidence unexpectedly slipped in December, catching many by surprise, since consumer activity seemed to be solid. We surmised here that perhaps consumers were experiencing buyer's remorse, after spending beyond their means and while still underemployed. The consensus of economists surveyed by Bloomberg anticipates the confidence index could gain to 54.3 this month, up from the 52.5 mark posted in December.
The Weekly Same-Store Sales data complement the consumer confidence report well Tuesday. Both the International Council of Shopping Centers (ICSC) and Redbook report before the market opens on Tuesday. Last week's ICSC data, covering the period ended January 15, showed sales fell 0.1% week-to-week and inched up 1.4% against the prior year comparable period. Redbook saw a 2.5% year-over-year sales increase, still marking a slower rate of period relative growth than that seen through the year in 2010. Comps are of course normalized now, and the economy is not all that much better.
The Bank of Japan (BOJ) is expected to keep its monetary policy unchanged when it determines course Tuesday. The US Federal Open Market Committee (FOMC) begins its two-day meeting.
In the evening, be sure to catch President Obama's State of the Union Address at 9:00 PM. Early whisperings are that the Congressional members might sit together, rather than separated by party line. The President's focus is likely going to be on restoring business, international trade, jobs and considering the fiscal budget. He will remind Americans why his health care legislation was passed and for whom, and we suspect geopolitical commentary will be hopeful, but strong. Look for a request for bipartisanship as well, given his hope for re-election and his need for GOP support to get things done over the next two years.
Nielsen Holdings is expected to go public Tuesday. Navistar International (NYSE: NAV) and Lagardere (Paris: MMB.PA) hold investor meetings. IPO lockup curbs expire on Molycorp (NYSE: MCP). Markets are closed in Brazil, but look for EPS report s in the US by the likes of EMC (NYSE: EMC), Altera (Nasdaq: ALTR), CA, Inc. (NYSE: CA), Tellabs (Nasdaq: TLAB), Quest Diagnostics (NYSE: DGX), Waters (NYSE: WAT), 3M (NYSE: MMM), A.O. Smith (NYSE: AOS), AK Steel (NYSE: AKS), Alaska Air (NYSE: AKA), Amdocs (NYSE: DOX), Baker Hughes (NYSE: BHI), BlackRock (NYSE: BLK), Boston Properties (NYSE: BXP), Brinker International (NYSE: EAT), Broadvision (Nasdaq: BVSN), Canadian National Railway (NYSE: CNI), Coach (NYSE: COH), Corning (NYSE: GLW), DuPont (NYSE: DD), Gilead Sciences (Nasdaq: GILD), Harley-Davidson (NYSE: HOG), Iberiabank (Nasdaq: IBKC), Jacobs Engineering (NYSE: JEC), Johnson & Johnson (NYSE: JNJ), KeyCorp (NYSE: KEY), Kimberly-Clark (NYSE: KMB), Norfolk Southern (NYSE: NSC), Peabody Energy (NYSE: BTU), Rayonier (NYSE: RYN), RF Micro Devices (Nasdaq: RFMD), Siemens (NYSE: SI), Travelers (NYSE: TRV), United States Steel (NYSE: X), Verizon (NYSE: VZ) and Yahoo (Nasdaq: YHOO).
Three important drivers impact the market Wednesday morning. First of all, the President's address has the ability to move specific sectors, like alternative energy and defense, and beyond. The Federal Reserve FOMC decision is due today, and the New Home Sales data also reaches the wire.
New Home Sales will be reported for the month of December at 10:00 AM. Last week's Existing Home Sales report showed a pick up in the annual rate of sales, but homebuilder shares still shrank through the week (NYSE: XHB). Economists look for New Home Sales to speed up slightly to a still slow rate of 300K annually, up from 290K reported in November.
The Mortgage Bankers Association's Mortgage Activity data complements home sales data well on Wednesday. Last week's report showed the MBA's Market Composite Index increased 5.0% for the period ending January 14. The Refinance Index gained 7.7%, while the Purchase Index fell 1.9%. Fresh data will be available before the market opens Wednesday.
The Fed's Federal Open Market Committee (FOMC) is expected to offer more of the same at 2:15 PM, a continuation of its QE2 effort and the maintenance of key interest rates in place at current levels. We've got a few new members in the Fed shuffle that could make for some interesting commentary when the meeting minutes are released.
The Congressional Budget Office will produce its annual budget and outlook. Treasury Secretary Timothy Geithner gets another invite to testify before the House Oversight Committee regarding the TARP program. Expect Geithner to get some business from the Congressional members with regard to his promise to report on China on time, which he promptly disregarded when the time came and passed… again.
A separate House meeting will hear testimony with regard to the Deepwater Horizon oil spill in the Gulf. Also, the CFTC is holding a meeting on its reform plans.
Davos, Switzerland takes center stage, with many of the world's financial leaders, economists, and government representatives meeting to discuss the problems of the world, etc. This event usually produces interesting discussion, like the trade of blame and debate by Turkish President Erdogan and Israeli President Peres a couple years ago.
The EIA Petroleum Status Report is due at 10:30 AM as usual Wednesday. Last week's report, covering the period ended January 14, showed crude oil inventory increased by 2.6 million barrels to a level above the upper limit of the average range. On Monday, an OPEC minister signaled that oil production could be hiked to keep prices tame. Gasoline inventory increased by 4.4 million barrels last week, and is above the upper limit of the average range.
Markets are closed today in Australia and India. The American corporate EPS schedule highlights news from Qualcomm (Nasdaq: QCOM), Abbott Labs (NYSE: ABT), Boeing (NYSE: BA), Symantec (Nasdaq: SYMC), Teradyne (NYSE: TER), Citrix Systems (Nasdaq: CTXS), Astoria Financial (NYSE: AF), BOK Financial (Nasdaq: BOKF), Canadian Pacific Railway (NYSE: CP), Cohu (Nasdaq: COHU), ConocoPhillips (NYSE: COP), Cooper Industries (NYSE: CBE), Covance (NYSE: CVD), E*Trade (Nasdaq: ETFC), Eastman Kodak (NYSE: EK), General Dynamics (NYSE: GD), International Shipholding (NYSE: ISH), Kyocera (NYSE: KYO), Legg Mason (NYSE: LM), Logitech International (Nasdaq: LOGI), LSI Corp. (NYSE: LSI), McCormick & Co. (NYSE: MKC), MeadWestVaco (NYSE: MWV), Netflix (Nasdaq: NFLX), Occidental Petroleum (NYSE: OXY), Rockwell Automation (NYSE: ROK), SAP (NYSE: SAP), SEI (Nasdaq: SEIC), Southern Co. (NYSE: SO), Starbucks (Nasdaq: SBUX), Tractor Supply (Nasdaq: TSCO), United Technologies (NYSE: UTX), Valero Energy (NYSE: VLO), WellPoint (NYSE: WLP), and Xerox (NYSE: XRX).
Four economic reports clutter the morning Thursday. Look for the regular Weekly Initial Jobless Claims at 8:30 AM ET. Last week's data covering the period ended January 15 showed weekly claims eased back down to 404K, and the consensus is looking for 405K this week.
Durable Goods Orders are also due at 8:30 AM, and economists are looking for December orders to have risen by 1.5%, which compares against November's 0.3% drop (revised from -1.3%). This is a very volatile economic data point and regularly misses the mark wildly.
The Pending Home Sales Report is up for the month of November. The National Association of Realtors' index rose in November, continuing a five month trend, but it remains below the prior year level. Improvement has been gradual and not really all that noteworthy as yet; meanwhile other signs have indicated continued soft real estate pricing and sales activity.
The EIA reports on the status of Natural Gas at 10:30 AM. Last week's report covering the period ended January 14 showed working gas in storage decreased by 243 Bcf to a level 51 Bcf above the five-year average.
The Financial Crisis Inquiry Commission is set to produce its report Thursday.
In corporate news, El Paso (NYSE: EP), Flowserve (NYSE: FLS), Wendy's (NYSE: WEN), Repsol (NYSE: REP) are each scheduled to meet with investors and analysts. The EPS schedule highlights news from Bristol-Myers Squibb (NYSE: BMY), Procter & Gamble (NYSE: PG), Amazon.com (Nasdaq: AMZN), QLogic (Nasdaq: QLGC), SanDisk (Nasdaq: SNDK), Baxter International (NYSE: BAX), 1-800-Flowers.com (Nasdaq: FLWS), Altria (NYSE: MO), Ametek (NYSE: AME), AT&T (NYSE: T), Astrazeneca (NYSE: AZN), Ball Corp. (NYSE: BLL), Blyth (NYSE: BTH), Bridge Capital (Nasdaq: BBNK), Briggs & Stratton (NYSE: BGG), Caterpillar (NYSE: CAT), Cash America (NYSE: CSH), Celgene (Nasdaq: CELG), Chubb (NYSE: CB), Cirrus Logic (Nasdaq: CRUS), Colgate-Palmolive (NYSE: CL), Compuware (Nasdaq: CPWR), Cypress Semiconductor (NYSE: CY), D.R. Horton (NYSE: DHI), Danaher (NYSE: DHR), Eli Lilly (NYSE: LLY), Federated Investors (NYSE: FII), Invesco (NYSE: IVZ), Janus Capital (NYSE: JNS), JetBlue (Nasdaq: JBLU), L-3 Communications (NYSE: LLL), Lockheed Martin (NYSE: LMT), Microsoft (Nasdaq: MSFT), Newell Rubbermaid (NYSE: NWL), Nokia (NYSE: NOK), Nucor (NYSE: NUE), Potash (NYSE: POT), Raytheon (NYSE: RTN), Taiwan Semiconductor (NYSE: TSM), Time Warner Cable (NYSE: TWC), Tyco International (NYSE: TYC), VeriSign (Nasdaq: VRSN), VistaPring (Nasdaq: VPRT).
Three economic reports fill Friday morning. The Advance Report of GDP for the Fourth Quarter is expected to show the economy grew by 3.5%. That would be up from the 2.6% rate seen in Q3. Look for this news in the premarket at 8:30 AM ET.
The Employment Cost Index is also due at 8:30 AM. This latest report is for the fourth quarter of 2010, and should reflect lax labor conditions. Some expect inflation to contribute something to this figure though.
At 9:55 AM, look for the Reuters/ University of Michigan Consumer Sentiment reading. Economists surveyed by Bloomberg see a slight pickup to a reading of 73.1 in January's final look, up from 72.7 in the preliminary read.
Corporate news includes the 3-for-2 split of Progress Software shares (Nasdaq: PRGS). The EPS schedule highlights news from AirTran Holdings (NYSE: AAI), Alliance Holdings (Nasdaq: AHGP), American Electric Power (NYSE: AEP), Arch Coal (NYSE: ACI), Artio (NYSE: ART), Chevron (NYSE: CVX), Columbia Sportswear (Nasdaq: COLM), Columbus McKinnon (Nasdaq: CMCO), Dime Community (Nasdaq: DCOM), Dominion (NYSE: D), Dover (NYSE: DOV), Eastern Virginia Bankshares (Nasdaq: EVBS), Enbridge Energy Management (NYSE: EEQ), Ford (NYSE: F), Honeywell (NYSE: HON), Idexx Laboratories (Nasdaq: IDXX), Interactive Intelligence (Nasdaq: ININ), K-Sea (NYSE: KSP), MB Financial (Nasdaq: MBFI), NTT DoCoMo (NYSE: DCM), Oppenheimer Holdings (NYSE: OPY), Oshkosh (NYSE: OSK), Provident Financial (NYSE: PFS), Quality Systems (Nasdaq: QSII), Standex (NYSE: SXI), Synovus (NYSE: SNV), T. Rowe Price (Nasdaq: TROW), Taylor Capital (Nasdaq: TAYC), The Scotts Miracle-Gro (NYSE: SMG), United Community Banks (Nasdaq: UCBI) and Wilmington Trust (NYSE: WL). That's all for this week's stock market schedule.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Inquiries about Wall Street Greek content and advertising services can be emailed to Advertise @WallStreetGreek.com.
1-800-FLOWERS.COM, Inc. 3M Co. A.O. Smith Corp. AK Steel Holding AT&T Abbott Laboratories Alliance Holdings GP,L.P. Altera Corp Altria Group, Inc. Amazon.Com, Inc. Amdocs Ltd. American Electric Power Co., Inc. American Express Co. Ametek, Inc. Amgen, Inc. Arch Coal, Inc. Artio Global Investors Astoria Financial Corp. AstraZeneca PLC ADS BLYTH, Inc. BOK Financial Corp BROADVISION INC COM NEW Baker Hughes, Inc. Ball Corp. Bank of Hawaii Corp. Baxter International, Inc. Blackrock, Inc. Boeing Co. Boston Properties, Inc. Bridge Capital Holdings Briggs & Stratton Corp. Brinker International, Inc. Bristol-Myers Squibb Co. COMPUWARE CSX Corp. Canadian National Railway Co Canadian Pacific Railway Ltd Cash America International, Inc. Caterpillar, Inc. Celgene Corp Chevron Chubb Corp. Cirrus Logic, Inc. Citrix Systems, Inc. Coach, Inc. Cohu, Inc. Colgate-Palmolive Co. Columbia Sportswear Co Columbus McKinnon Corp/NY ConocoPhillips Corning, Inc. Covance, Inc. D.R. Horton, Inc. Danaher Corp. Dime Community Bancshares Dominion Resources, Inc. Dover Corp. E TRADE FNCL E.I. DuPont de Nemours & Co. EMC Corp. Eastern Virginia Bankshares In Eli Lilly & Co. Enbridge Energy Management L.L.C. Ethan Allen Interiors, Inc. Federated Investors, Inc. Flowserve Corp. Ford Motor Co. General Dynamics Corp. Gilead Sciences, Inc. Halliburton Co. Harley-Davidson, Inc. Honeywell International, Inc. IBERIABANK Corp ICICI Bank Ltd. ADS Idexx Laboratories, Inc. Intercontinentalexchange Group, Inc. International Shipholding Corp. Invesco Limited J.C. Penney Co., Inc. Jacobs Engineering Group, Inc. Janus Capital Group, Inc. JetBlue Airways Corp Johnson & Johnson KeyCorp Kimberly-Clark Corp. Kyocera Corp. ADS L-3 Communications Holdings, Inc. Legg Mason, Inc. Lockheed Martin Corp. Logitech International SA MB Financial Corp McCormick & Co., Inc. McDonalds Corp MeadWestvaco Corp. Microsoft Corp Mindspeed Technologies, Inc. Molycorp NASDAQ OMX Group, Inc. NTT DoCoMo Inc. ADS NYSE Euronext Navistar International NetFlix, Inc. Newell Rubbermaid, Inc. Nokia Corp. ADS Norfolk Southern Corp. NuCor Corp. Occidental Petroleum Corp. Oppenheimer Holdings, Inc. Optical Cable Corp. Oshkosh Packaging Corp. of America Peabody Energy Corp. PetMed Express, Inc. Potash Corporation of Saskatchewan PowerShares QQQ Trust, Series 1 ProShares Short Dow30 ProShares Ultra QQQ Procter & Gamble Co. Progress Software Corp Provident Financial Services, Inc. QLogic Corp Qualcomm, Inc. Quality Systems, Inc. Quest Diagnostics, Inc. RF Micro Devices, Inc. Rayonier Inc. REIT Raytheon Co. Rockwell Automation Corp. S&P DEP RECEIPTS SAP AG ADS SEI Investments Co SL Green Realty Corp. SPDR S&P Homebuilders ETF Sandisk Corp Scotts Co. Cl A Sealed Air Corp. Sensata Technologies Holding Siemens AG ADS Southern Co. Standex International Corp. Starbucks Corp Symantec Corp Synovus Financial Corp T Rowe Price Group, Inc. Taiwan Semiconductor Manufacturing Co. Ltd. ADS Taylor Capital Group, Inc. Tellabs, Inc. Teradyne, Inc. Time Warner Cable, Inc. Tractor Supply Co Travelers Cos, Inc. Tyco International Ltd. United States Steel Corp. United Technologies Corp. VISTAPRINT VMware, Inc. Valero Energy Corp. VeriSign, Inc. Verizon Communications, Inc. Volterra Semiconductor Corporation Waters Corp. WellPoint, Inc. Xerox Corp. Yahoo, Inc. Zions Bancorporation
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here