The major market index composites ended in positive territory as of close last
Friday. The gains on the day however were not enough to pull the last weeks
worth of stock action into the green. The Dow Jones Industrials, Nasdaq and S&P
500 ended the week lower and will look to bounce back this week. Trends have
been moving in a positive direction relative to the past several weeks overall.
Investors will look to earning reports that will post this week as well as new
economic data in hopes of continuing the positive trends observed during the
latter part of last week. On Monday, no major economic data is expected to post
so most eyes will focus on the earnings reports that post. Texas Instruments
will post data and Citigroup will post earnings data as well this day. Focus
will be on Citigroup to begin the week as it is one of the worlds biggest banks.
On Tuesday, key earnings reports will post via Yahoo, IBM, Goldman Sachs and
Johnson and Johnson. Goldman Sachs will post data prior to opening bell on
Tuesday and profits are expected to show a decline. IBMs earnings data will post
after the bell and economists are expecting the tech giant to post a profit. In
addition to these key earnings reports, the Commerce Department will post March
housing starts and building permits. The housing sector has been struggling and
there is little reason to believe that this data will skew towards the positive.
On Wednesday, economic data will relate to the report stemming from the National
Association of Realtors pertaining to existing home sales. Key earnings reports
this day will be presented via Wells Fargo, American Express, AT&T and Apple.
Apples earnings data will post after closing bell and economists are forecasting
positive numbers for the tech company. Thursday will bring the Labor Departments
report on new and continuing jobless claims. These numbers notched higher last
week and so all eyes will be watching to see if this was just a blip or a
directional trend. In addition to this report and other economic indicators, key
earning reports are positioned to post from a handful of companies. McDonalds,
DuPont, Verizon Communication and Southwest Airlines are all in line to post
earnings reports. Friday will be uneventful in the U.S. as the markets in the
United States will be closed for the day. So it is a short week, and although
there is a moderate list of key economic reports set to post, earnings data may
be looked at more closely. Last week overall was a loss and investors hope to
bounce back this week. Author: Frank Matto
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