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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 week’s 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 world’s 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. IBM’s 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. Apple’s earnings data will post after closing bell and economists are forecasting positive numbers for the tech company. Thursday will bring the Labor Department’s 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. McDonald’s, 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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