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Seeking Alpha

Tuesday, July 27, 2010

This Week: GDP & Consumer Confidence Rangel

GDP consumer confidence Rangel
This Week

The week offers an important new reading of the economy, the second quarter GDP report. Economists are looking for slower growth than the twice revised lower first quarter pace of 2.7%. Consumer Confidence gets two new inspections on Tuesday and again on Friday, and we are not expecting good news. Finally, Must-See TV returns, as CSPAN will very likely cover the Congressional Ethics Panel trial of one NY Representative Charlie Rangel.

(Tickers: NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: NYX, NYSE: ICE, Nasdaq: NDAQ)

This Week: GDP & Consumer Confidence Rangel



Monday

Two economic reports highlighted Monday's schedule. We covered the first, the Chicago Fed National Activity Index, in a special report.

New Home Sales were reported for the month of June at 10:00 AM Monday morning. The annual pace of sales ran at 330K through the month, better than economists' expectations for 310K. June's 23.6% rebound followed May's 36.7% drop on the conclusion of the tax incentive program for first-time buyers. Inventory improved on the increase in sales pace, but prices fell 1.4% on the median home sale. June's sales pace still marks one of the slowest on record.

EU, IMF and ECB officials arrived in Greece this week to begin a review of the troubled nation's implementation of austerity measures. Greece's capital-backers want to see their money going toward effective cause. Greece may face ouster from the European Monetary Union if it fails to follow through on its promises, though you will not hear EU representatives say as much.

Besides an extensive earnings list, Monday offers a good amount of corporate events. The ITC will rule Monday on a patent dispute between Rambus (Nasdaq: RMBS) and Nvidia (Nasdaq: NVDA). An examiner will be named in Washington Mutual's bankruptcy case; he will be charged with investigating a settlement in the sale of the thrift to J.P. Morgan Chase (NYSE: JPM). Also, a report will be filed with regard to Sam Zell's led buyout of the Tribune. The IPO lockup curbs expire on Invesco Mortgage Capital (NYSE: IVR) and Southwest Bancorp (Nasdaq: OKSB).

The day's earnings schedule includes news from A.H. Belo (NYSE: AHC), Advent Software (Nasdaq: ADVS), Albemarle (NYSE: ALB), Alberto Culver (NYSE: ACV), Alcon (NYSE: ACL), Alexza Pharmaceuticals (Nasdaq: ALXA), Alliance Holdings (Nasdaq: AHGP), Alliance Resource Partners (Nasdaq: ARLP), Arch Capital (Nasdaq: ACGL), Associated Estates Realty (NYSE: AEC), Aware (Nasdaq: AWRE), Bank of Hawaii (NYSE: BOH), Boardwalk Pipeline Partners (NYSE: BWP), Bridge Capital (Nasdaq: BBNK), Cal-Maine Foods (Nasdaq: CALM), CEMEX (NYSE: CX), Ceragon Networks (Nasdaq: CRNT), Changyou Com (Nasdaq: CYOU), Chemical Financial (Nasdaq: CHFC), China Security & Surveillance (NYSE: CSR), Citizens South Banking (Nasdaq: CSBC), Community Partners Bancorp (Nasdaq: CPBC), Crane (NYSE: CR), CTS Corp. (NYSE: CTS), Duncan Energy Partners (NYSE: DEP), Eagle Bancorp (Nasdaq: EGBN), Emirates NBD (Nasdaq: ENBD), Enterprise Products Partners (NYSE: EPD), FNB Corp. (NYSE: FNB), Financial Institutions (Nasdaq: FISI), First Capital (Nasdaq: FCAP), First Fin'l Holdings (Nasdaq: FFCH), Fluor (NYSE: FLR), FMC Technologies (NYSE: FTI), Fomento Economico Mexicano (NYSE: FMX), Frischs Restaurant (AMEX: FRS), Grupo Aeroportuario Del Pacifico SA (NYSE: PAC), Health Management Associates (NYSE: HMA), HealthStream (Nasdaq: HSTM), Heartland Fin'l USA (Nasdaq: HTLF), Hexcel (NYSE: HXL), Hopfed Bancorp (Nasdaq: HFBC), Idenix Pharmaceuticals (Nasdaq: IDIX), Industrias Bachoco SAB (NYSE: IBA), Insituform Technologies (Nasdaq: INSU), Integrated Device Technology (Nasdaq: IDTI), Interactive Intelligence (Nasdaq: ININ), IPC The Hospitalist (Nasdaq: IPCM), KVH Industries (Nasdaq: KVHI), Lakeland Financial (Nasdaq: LKFN), Leapfrog (NYSE: LF), Legacy Bancorp (Nasdaq: LEGC), Legg Mason (NYSE: LM), Liberty Property Trust (NYSE: LRY), Local.com (Nasdaq: LOCM), Lorillard (NYSE: LO), Luxottica (NYSE: LUX), Masco (NYSE: MAS), Merchants Bancshares (Nasdaq: MBVT), Mindspeed Technologies (Nasdaq: MSPD), Montpelier Re (NYSE: MRH), Nara Bancorp (Nasdaq: NARA), Navios Maritime Partners (NYSE: NMM), Noah Education (NYSE: NED), Northwest Bancorp (Nasdaq: NWBI), Old National Bancorp (NYSE: ONB), Owens & Minor (NYSE: OMI), PC-Tel (Nasdaq: PCTI), Peoples Bancorp of North Carolina (Nasdaq: PEBK), Plantronics (NYSE: PLT), Plum Creek Timber (NYSE: PCL), PLX Technology (Nasdaq: PLXT), PRGX Global (Nasdaq: PRGX), Provident Bancorp (Nasdaq: PBNY), Radcom (Nasdaq: RDCM), Range Resources (NYSE: RRC), Reinsurance Group of America (NYSE: RGA), Rent-A-Center (Nasdaq: RCII), Rock-Tenn (NYSE: RKT), Roper Industries (NYSE: ROP), RPM International (NYSE: RPM), Sanmina-SCI (Nasdaq: SANM), Savvis (Nasdaq: SVVS), Silicom (Nasdaq: SILC), SL Green Realty (NYSE: SLG), SOHU.com (Nasdaq: SOHU), Solutia (NYSE: SOA), SonoSite (Nasdaq: SONO), Sterling Bancorp (NYSE: STL), SuccessFactors Inc. (Nasdaq: SFSF), Synalloy (Nasdaq: SYNL), Transatlantic Holdings (NYSE: TRH), Ultra Clean Holdings (Nasdaq: UCTT), United Fire (Nasdaq: UFCS), Universal Health Services (NYSE: UHS), Veeco Instruments (Nasdaq: VECO), Viewpoint Fin'l Group (Nasdaq: VPFGD), Volterra Semiconductor (Nasdaq: VLTR), W.R. Berkley (NYSE: WRB), Wausau Paper (NYSE: WPP), Wesbanco (Nasdaq: WSBC), WSFS Financial (Nasdaq: WSFS) and Zoran (Nasdaq: ZRAN).

Tuesday

Five economic reports are on tap for Tuesday, but only one will garner the market's attention. Consumer Confidence will be reported by the Conference Board at 10:00 AM. Confidence dropped nearly 10 points in June, when the index fell to a level of 52.9. Normally it would take some sort of event to cause such a shock inspired decline. Surprisingly, economists forecast confidence will slip further in this July reading, to a mark of 51.0. The conclusion of certain stimulus efforts, and the threatened conclusion of unemployment benefit extensions likely inspired the sharp drop-off in confidence in June.

State Street (NYSE: STT) will report on Investor Confidence at 10:00 AM. State Street's measurement of investors' portfolio risk held managed a 1.3 point gain in June. The index rose to 89.7, as improvement in Europe and Asia offset a sharp decline in the US. Still, the reading below the 100 mark signifies risk aversion.

The Case Shiller Home Price Index is due for release at 9:00 AM. This follows last week's price data seen in the Existing Home Sales Report and the FHFA House Price Index. Both those reports noted increased prices, but Monday's New Home Sales Report stated prices of new homes had fallen, based on the median price of new homes sold. Last month's report for April showed a 0.3% price increase in Case Shiller's 10-City Index, after seasonal adjustment. The Greek sees new price declines on the way, and would not be surprised to see a drop as early as within the May data.

The International Council of Shopping Centers (ICSC) reports on Weekly Same-Store Sales again Tuesday morning. Last week's report covering the period ended July 17 showed week-over-week sales increase of 1.4% and a year-on-year gain of 4.2%. The ICSC attributed the jump in sales to a parallel increase in temperatures across the country.

A Senate panel will take up the deepwater-drilling moratorium, perhaps by no coincidence, on the same day BP (NYSE: BP) is scheduled to report its second quarter results. BP is also expected to declare its estimates on its Gulf of Mexico clean-up costs and well repair work.

In regulator matters, an FDA panel will review Medtronic's (NYSE: MDT) Matrix device for disc disease. Also, a New York court will hear arguments on the Galleon Group insider trading case.

The earnings schedule includes news from Cephalon (Nasdaq: CEPH), C.H. Robinson Worldwide (Nasdaq: CHRW), AmerisourceBergen (NYSE: ABC), Office Depot (NYSE: ODP), International Game Technology (NYSE: IGT), Norfolk Southern (NYSE: NFK), AM Castle (NYSE: CAS), Acadia Realty Trust (NYSE: AKR), ACE Limited (NYSE: ACE), Active Power (Nasdaq: ACPW), Aetna (NYSE: AET), Affiliated Managers Group (NYSE: AMG), Aflac (NYSE: AFL), Agco (Nasdaq: AGCO), AK Steel (NYSE: AKS), American Campus Communities (NYSE: ACC), Ametek (NYSE: AME), Anixter Int'l (NYSE: AXE), Arthur J. Gallagher (NYSE: AJG), Asbury Automotive Group (NYSE: ABG), ATC Technology (Nasdaq: ATAC), B&G Foods (NYSE: BGS), Barrett Business Services (Nasdaq: BBSI), Basic Energy Services (NYSE: BAS), BE Aerospace (Nasdaq: BEAV), Bemis (NYSE: BMS), Blackbaud (Nasdaq: BLKB), Boston Properties (NYSE: BXP), BP (NYSE: BP), Broadcom (Nasdaq: BRCM), Canon (NYSE: CAJ), Capella Education (Nasdaq: CPLA), Capital Trust (NYSE: CT), Capitol Federal Fin'l (Nasdaq: CFFN), Carlisle Cos. (NYSE: CSL), Cathay General Bancorp (Nasdaq: CATY), CB Richard Ellis (NYSE: CBG), CBiz (NYSE: CBZ), Centene (NYSE: CNC), Century Aluminum (Nasdaq: CENX), Ceradyne (Nasdaq: CRDN), CGI Group (NYSE: GIB), Charm Communications (Nasdaq: CHRM), Chelsea Therapeutics (Nasdaq: CHTP), Chicago Bridge & Iron (NYSE: CBI), Choice Hotels International (NYSE: CHH), CIT Group (NYSE: CIT), Cobalt Int'l Energy (NYSE: CIE), Companhia Brasileira de Distribuicao (NYSE: CBD), Compass Minerals (NYSE: CMP), Compugen (Nasdaq: CGEN), Computer Task Group (Nasdaq: CTGX), Corn Products Int'l (NYSE: CPO), CSG Systems (Nasdaq: CSGS), Cummins (NYSE: CMI), Cynosure (Nasdaq: CYNO), Delphi Fin'l (NYSE: DFG), Deltic Timber (NYSE: DEL), Deutsche Bank (NYSE: DB), DiamondRock Hospitality (NYSE: DRH), Dice Holdings (NYSE: DHX), Dominos Pizza (NYSE: DPZ), Dorman Products (Nasdaq: DORM), Dreamworks Animation (NYSE: DWA), DST Systems (NYSE: DST), DuPont (NYSE: DD), Dynex Capital (NYSE: DX), EarthLink (Nasdaq: ELNK), East West Bancorp (Nasdaq: EWBC), EastGroup Properties (NYSE: EGP), Ecolab (NYSE: ECL), Edac Technologies (Nasdaq: EDAC), eHealth (Nasdaq: EHTH), Empressa Nacional de Electricidad SA - Endessa Chile (NYSE: EOC), Endurance Specialty (NYSE: ENH), Endwave (Nasdaq: ENWV), Energizer (NYSE: ENR), Enersis SA (NYSE: ENI), Entegris (Nasdaq: ENTG), Entercom (NYSE: ETM), EPIQ Systems (Nasdaq: EPIQ), Ferro (NYSE: FOE), First Community Bancshares (Nasdaq: FCBC), FirstMerit (Nasdaq: FMER), Fiserv (Nasdaq: FISV), Flagstar Bancorp (NYSE: FBC), FormFactor (Nasdaq: FORM), Global Payments (NYSE: GPN), Group 1 Automotive (NYSE: GPI), Grupo Radio Centro (NYSE: RC), GTC Biotherapeutics (Nasdaq: GTCB), Hanger Orthopedic (NYSE: HGR), Hanmi Fin'l (Nasdaq: HAFC), Hawaiian Holdings (Nasdaq: HA), Heidrick & Struggles (Nasdaq: HSII), Hutchinson Tech (Nasdaq: HTCH), ICON (Nasdaq: ICLR), Iconix Brand (Nasdaq: ICON), Illumina (Nasdaq: ILMN), Imation (NYSE: IMN), Imergent (AMEX: IIG), Innodata Isogen (Nasdaq: INOD), IntegraMed America (Nasdaq: INMD), Integrated Silicon Solution (Nasdaq: ISSI), InterMune (Nasdaq: ITMN), Intricon (Nasdaq: IIN), Inventure Foods (Nasdaq: SNAK), Invesco (NYSE: IVZ), IRIS Int'l (Nasdaq: IRIS), Jacob's Engineering (NYSE: JEC), JDA Software (Nasdaq: JDAS), Kansas City Southern (NYSE: KSU), Keynote Systems (Nasdaq: KEYN), Kimco Realty (NYSE: KIM), Kinetic Concepts (NYSE: KCI), Kona Grill (Nasdaq: KONA), LB Foster (Nasdaq: FSTR), L-3 Communications (NYSE: LLL), LAN Airlines (NYSE: LFL), Lawson Products (Nasdaq: LAWS), LCA-Vision (Nasdaq: LCAV), Lennox Int'l (NYSE: LII), Level 3 Communications (Nasdaq: LVLT), Lexmark (NYSE: LXK), Lincoln Electric (Nasdaq: LECO), Lockheed Martin (NYSE: LMT), Manitowoc (NYSE: MTW), Massey Energy (NYSE: MEE), MBT Financial (Nasdaq: MBTF), Meritage Homes (NYSE: MTH), Nabors Industries (NYSE: NBR), Nalco Holding (NYSE: NLC), National Instruments (Nasdaq: NATI), New Alliance Bancshares (NYSE: NAL), Numerex (Nasdaq: NMRX), NuVasive (Nasdaq: NUVA), Occidental Petroleum (NYSE: OXY), optionsXpress (Nasdaq: OXPS), PAM Transportation (Nasdaq: PTSI), PACCAR (Nasdaq: PCAR), Pacific Capital (Nasdaq: PCBC), Panera Bread (Nasdaq: PNRA), PAR Tech (NYSE: PTC), Parametric Technology (Nasdaq: PMTC), Patriot Coal (NYSE: PCX), Penn Virginia (NYSE: PVG), Penn Virginia Resources (NYSE: PVR), Pervasive Software (Nasdaq: PVSW), Pharmaceutical Product Development (Nasdaq: PPDI), Pixelworks (Nasdaq: PXLW), PrivateBancorp (Nasdaq: PVTB), QLT Inc. (Nasdaq: QLTI), Questar (NYSE: STR), RadiSys (Nasdaq: RSYS), Radware (Nasdaq: RDWR), Ramco-Gershenson Properties Trust (NYSE: RPT), Ramtron (Nasdaq: RMTR), ReachLocal (Nasdaq: RLOC), Regions Fin'l (NYSE: RF), Renaissance Re (NYSE: RNR), RF Micro Devices (Nasdaq: RFMD), Rimage (Nasdaq: RIMG), Rockwood Holdings (NYSE: ROC), Rocky Brands (Nasdaq: RCKY), Rogers Communications (NYSE: RCI), SAP AG (NYSE: SAP), SeaBright (NYSE: SBX), Seattle Genetics (Nasdaq: SGEN), Signature Bank of NY (Nasdaq: SBNY), Silicon Image (Nasdaq: SIMG), Stepan (NYSE: SCL), Sterling Fin'l (Nasdaq: STSA), Sun Communities (NYSE: SUI), Sunoco Logistics (NYSE: SXL), SuperMedia (Nasdaq: SPMD), Supertex (Nasdaq: SUPX), Supervalu (NYSE: SVU), Tanger Factory Outlet (NYSE: SKT), Taser (Nasdaq: TASR), Taubman Centers (NYSE: TCO), Teck Resources (NYSE: TCK), Tellabs (Nasdaq: TLAB), Temple-Inland (NYSE: TIN), Tennessee Commerce (Nasdaq: TNCC), Teva Pharmaceutical (Nasdaq: TEVA), Nasdaq OMX (Nasdaq: NDAQ), Thermo Fisher Scientific (NYSE: TMO), Trimble Navigation (Nasdaq: TRMB), Trustmark (Nasdaq: TRMK), US Lime & Minerals (Nasdaq: USLM), UBS (NYSE: UBS), Ultimate Software (Nasdaq: ULTI), Umpqua Holdings (Nasdaq: UMPQ), UnderArmour (NYSE: UA), Unisys (NYSE: UIS), United States Steel (NYSE: X), Unitil (NYSE: UTL), US Ecology (Nasdaq: ECOL), USANA Health (Nasdaq: USNA), Valero (NYSE: VLO), VASCO Data Security (Nasdaq: VDSI), VisionChina Media (Nasdaq: VISN), Vocus (Nasdaq: VOCS), Washington Banking (Nasdaq: WBCO), Websense (Nasdaq: WBSN), Western Union (NYSE: WU), Whitney Holding (Nasdaq: WTNY), Wilshire Bancorp (Nasdaq: WIBC), World Acceptance (Nasdaq: WRLD), Wright Express (NYSE: WXS) and Zix Corp. (Nasdaq: ZIXI).

Wednesday

Durable Goods Orders headlines Wednesday's morning wire. June's Orders are seen increasing 1.0% after slipping 0.6% in May. Excluding transportation, orders actually rose 0.6% in May. Durable Goods Orders often fluctuate wildly due to the hefty price tag attached the segment's goods. Survey our "Economic Reports" thread to find our coverage of last month's data.

The Mortgage Bankers Association publishes its Weekly Applications Survey again in the pre-market Wednesday. Last week's report covering the period ended July 16 showed the Market Composite Index gained 7.6% week-to-week. Mortgage rates dropped to the lowest marks on record, driving activity in both refinancings and new purchase mortgage origination.

For the week ended July 16, the EIA reported crude oil inventory increased by 0.4 million barrels, while gasoline stores increased by 1.1 million barrels. Both crude and gas stocks were above the upper limit of the average range for this time of year.

The Federal Reserve will publish its Beige Book of economic activity Wednesday at 2:00 PM. The Fed's last Beige Book can be viewed here.

In corporate news, the FDA will review AstraZeneca's (NYSE: AZN) heart drug. Charles Schwab (Nasdaq: SCHW) will offer its latest business update. Molycorp is expected to price its IPO for $17 a share, raising approximately $476 million.

The earnings schedule includes news from Boeing (NYSE: BA), Symantec (Nasdaq: SYMC), Sprint Nextel (NYSE: S), International Paper (NYSE: IP), Citrix Systems (Nasdaq: CTXS), Eastman Kodak (NYSE: EK), 8x8 Inc. (Nasdaq: EGHT), A.T. Cross (Nasdaq: ATX), ACCO Brands (NYSE: ABD), Acxiom (Nasdaq: ACXM), Advance America, Cash Advance Centers (NYSE: AEA), Advanced Analogic (Nasdaq: AATI), Advantest (NYSE: ATE), Agnico-Eagle Mines (NYSE: AEM), Akamai Technologies (Nasdaq: AKAM), Allegheny Technologies (NYSE: ATI), Alliance Healthcare Services (NYSE: AIQ), Allos Therapeutics (Nasdaq: ALTH), Alvarion (Nasdaq: ALVR), AMAG Pharmaceuticals (Nasdaq: AMAG), American Capital Agency (Nasdaq: AGNC), American Railcar (Nasdaq: ARII), American Safety Insurance (NYSE: ASI), Ameriprise Financial (NYSE: AMP), AMN Healthcare Services (NYSE: AHS), Anworth Mortgage Asset (NYSE: ANH), ArcelorMittal (NYSE: MT), ARRIS Group (Nasdaq: ARRS), Arrow Electronics (NYSE: ARW), AsiaInfo Holdings (Nasdaq: ASIA), Aspen Insurance (NYSE: AHL), Assurant (NYSE: AIZ), AU Optronics (NYSE: AUO), AudioCodes (Nasdaq: AUDC), Avery Dennison (NYSE: AVY), AVX Corp. (NYSE: AVX), Axcelis (Nasdaq: ACLS), Banco Bilbao Vizcaya Argentaria SA (Nasdaq: BBVA), Banco Bradesco SA (NYSE: BBD), Berry Petroleum (NYSE: BRY), BIO-Key Int'l (Nasdaq: BKYI), Biokeys Pharmaceuticals (Nasdaq: BKYS), BioMed Realty Trust (NYSE: BMR), BMC Software (Nasdaq: BMC), BOK Fin'l (Nasdaq: BOKF), Boston Private Fin'l (Nasdaq: BPFH), Brandywine Realty Trust (NYSE: BDN), Broadvision (Nasdaq: BVSN), Bruker (Nasdaq: BRKR), Cabot (NYSE: CBT), Cadence Design Systems (Nasdaq: CDNS), Cal Dive Int'l (NYSE: DVR), California Water Service (NYSE: CWT), Callaway Golf (NYSE: ELY), Canadian Pacific Railway (NYSE: CP), Capstead Mortgage (NYSE: CMO), CardioNet (Nasdaq: BEAT), Cedar Shopping Center (NYSE: CDR), Central European Media (Nasdaq: CETV), Cerner (Nasdaq: CERN), CEVA (Nasdaq: CEVA), Charles & Covard (Nasdaq: CTHR), Chemed (NYSE: CHE), Cincinnati Financial (Nasdaq: CINF), Clarient (Nasdaq: CLRT), Cliff's Natural Resources (NYSE: CLF), CMS Energy (NYSE: CMS), Coca-Cola Enterprises (NYSE: CCE), Colfax (NYSE: CFX), Comcast (Nasdaq: CMCSA), CommScope (NYSE: CTV), Commtouch Software (Nasdaq: CTCH), Community Capital (Nasdaq: CPBK), Community Health Systems (NYSE: CYH), Compellent Technologies (NYSE: CML), Concur Technologies (Nasdaq: CNQR), ConocoPhillips (NYSE: COP), Constellation Energy (NYSE: CEG), Corning (NYSE: GLW), Corporate Office Properties (NYSE: OFC), Covance (NYSE: CVD), Crown Castle Int'l (NYSE: CCI), Cullen/Frost Bankers (NYSE: CFR), CyberOptics (Nasdaq: CYBE), Cytokinetics (Nasdaq: CYTK), Destination Maternity (Nasdaq: DEST), Digital River (Nasdaq: DRIV), Dominion Resources (NYSE: D), DryShips (Nasdaq: DRYS), Dyax (Nasdaq: DYAX), Ecopetrol (NYSE: EC), Electro Scientific (Nasdaq: ESIO), Empresas ICA (NYSE: ICA), Encore Wire (Nasdaq: WIRE), Eni S.p.A. (NYSE: E), Entropic (Nasdaq: ENTR), Equifax (NYSE: EFX), Equinix (Nasdaq: EQIX), Equity Residential (NYSE: EQR), Euronet Services (Nasdaq: EEFT), Everest Re (NYSE: RE), EXACT Sciences (Nasdaq: EXAS), Express Scripts (Nasdaq: ESRX), Extra Space Storage (NYSE: EXR), FalconStor Software (Nasdaq: FALC), Famous Dave's of America (Nasdaq: DAVE), FBR Capital Markets (Nasdaq: FBCM), FICO (Nasdaq: FICO), First Merchants (Nasdaq: FRME), FirstService (Nasdaq: FSRV), Five Star Quality Care (AMEX: FVE), Flowserve (NYSE: FLS), FMC Corp. (NYSE: FMC), General Dynamics (NYSE: GD), General Maritime (NYSE: GMR), GeoMet (Nasdaq: GMET), Goldcorp (NYSE: GG), Greatbatch (NYSE: GB), Green Mountain Coffee (Nasdaq: GMCR), Grupo TMM SA (NYSE: TMM), GSI Commerce (Nasdaq: GSIC), Gulfmark Offshore (NYSE: GLF), Hatteras Fin'l (NYSE: HTS), Headwaters (NYSE: HW), Hecla Mining (NYSE: HL), Helix Energy (NYSE: HLX), Heritage-Crystal Clean (Nasdaq: HCCI), Hess (NYSE: HES), HickoryTech (Nasdaq: HTCO), Highwoods Properties (NYSE: HIW), Hill-Rom Holdings (NYSE: HRC), Horace Mann Educators (NYSE: HMN), Hospira (NYSE: HSP), Hudson Valley Holding (Nasdaq: HUVL), Huron Consulting (Nasdaq: HURN), IAC (Nasdaq: IACI), iCad (Nasdaq: ICAD), Innovative Solutions (Nasdaq: ISSC), Insignia Systems (Nasdaq: ISIG), InterDigital (Nasdaq: IDCC), Interface (Nasdaq: IFSIA), International Coal Group (NYSE: ICO), International Paper (NYSE: IP), International Ship Holding (NYSE: ISH), Investors Bancorp (Nasdaq: ISBC), iRobot (Nasdaq: IRBT), ITC Holdings (NYSE: ITC), Itron (Nasdaq: ITRI), JMP Group (NYSE: JMP), Jones Apparel (NYSE: JNY), Jones Lang LaSalle (NYSE: JLL), Kadant (NYSE: KAI), Keithley Instruments (NYSE: KEI), Kemet (AMEX: KEM), Key Energy (NYSE: KEG), Kirby (NYSE: KEX), Kyocera (NYSE: KYO), L-1 Identity Solutions (NYSE: ID), Lam Research (Nasdaq: LRCX), Las Vegas Sands (NYSE: LVS), Lazard (NYSE: LAZ), LeMaitre Vascular (Nasdaq: LMAT), Lincoln National (NYSE: LNC), Littlefield (Nasdaq: LTFD), Logitech (Nasdaq: LOGI), LogMein (Nasdaq: LOGM), LoopNet (Nasdaq: LOOP), LSI Corp. (NYSE: LSI), M/I Homes (NYSE: MHO), ManTech Int'l (Nasdaq: MANT), Marine Products (NYSE: MPX), MarketAxess (Nasdaq: MKTX), Martha Stewart Living (NYSE: MSO), Mastech (NYSE: MHH), MeadWestVaco (NYSE: MWV), Melco Crown (Nasdaq: MPEL), Merit Medical (Nasdaq: MMSI), MERU Networks (Nasdaq: MERU), Metabolix (Nasdaq: MBLX), Methanex (Nasdaq: MEOH), Mine Safety Appliances (NYSE: MSA), Morningstar (Nasdaq: MORN), Mylan (NYSE: MYL), NBTY (NYSE: NTY), Nektar Therapeutics (Nasdaq: NKTR), Ness Technologies (Nasdaq: NSTC), NetLogic Microsystems (Nasdaq: NETL), Neurocrine Biosciences (Nasdaq: NBIX), NeuStar (NYSE: NSR), New York Community Bancorp (NYSE: NYB), Newmont Mining (NYSE: NEM), Newport (Nasdaq: NEWP), Nissan Motor (Nasdaq: NSANY), Noranda Aluminum (NYSE: NOR), NuSkin (NYSE: NUS), Oceaneering Int'l (NYSE: OII), Odyssey Healthcare (Nasdaq: ODSY), Owens-Illinois (NYSE: OI), Old Dominon Freight (Nasdaq: ODFL), Orchids Paper Products (AMEX: TIS), O'Reilly Automotive (Nasdaq: ORLY), Orthofix (Nasdaq: OFIX), P.F. Chang's (Nasdaq: PFCB), Park-Ohio (Nasdaq: PKOH), Patni Computer (NYSE: PTI), PC Connection (Nasdaq: PCCC), PDL BioPharma (Nasdaq: PDLI), Pinnacle Data Systems (AMEX: PNS), Pioneer Natural Resources (NYSE: PXD), Pioneer Southwest Energy (NYSE: PSE), Praxair (NYSE: PX), PSS World Medical (Nasdaq: PSSI), Pzena Investment Management (NYSE: PZN), Quaker Chemical (NYSE: KWR), Quality Distribution (Nasdaq: QLTY), Quantum (NYSE: QTM), Questcor Pharma (Nasdaq: QCOR), RailAmerica (NYSE: RA), Realty Income (NYSE: O), Rightnow Technologies (Nasdaq: RNOW), Rockwell Automation (NYSE: ROK), Rollins (NYSE: ROL), RPC, Inc. (NYSE: RES), Rurban Financial (Nasdaq: RBNF), Ryland Group (NYSE: RYL), Sangamo Biosciences (Nasdaq: SGMO), Sealed Air (NYSE: SEE), Selective Insurance (Nasdaq: SIGI), Service Corp. (NYSE: SCI), SFN Group (NYSE: SFN), Shinhan Fin'l (NYSE: SHG), Shutterfly (Nasdaq: SFLY), Silgan Holdings (Nasdaq: SLGN), Silicon Laboratories (Nasdaq: SLAB), SJW (NYSE: SJW), SK Telecom (NYSE: SKM), Skechers USA (NYSE: SKX), SourceFire (Nasdaq: FIRE), Southern Co. (NYSE: SO), Span-America Medical (Nasdaq: SPAN), Spartan Stores (Nasdaq: SPTN), Spectranetics (Nasdaq: SPNC), Steiner Leisure (Nasdaq: STNR), Stillwater Mining (NYSE: SWC), Stoneridge (NYSE: SRI), Stratasys (Nasdaq: SSYS), Superior Energy (NYSE: SPN), SurModics (Nasdaq: SRDX), Susquehanna Bancshares (Nasdaq: SUSQ), Symantec (Nasdaq: SYMC), Symetra Fin'l (NYSE: SYA), Taleo (Nasdaq: TLEO), Tata Communications (NYSE: TCL), TC Pipelines (Nasdaq: TCLP), TDK (OTC: TTDKY.PK), Telular (Nasdaq: WRLS), Teradyne (NYSE: TER), Tesoro (NYSE: TSO), Tetra Tech (Nasdaq: TTEK), Dixie (Nasdaq: DXYN), The Medicines Co. (Nasdaq: MDCO), Timberland (NYSE: TBL), Titan Int'l (NYSE: TWI), Torchmark (NYSE: TMK), Tower Bancorp (Nasdaq: TOBC), Trinity Industries (NYSE: TRN), TriQuint Semi (Nasdaq: TQNT), Triumph Group (NYSE: TGI), Tyler Technologies (NYSE: TYL), UGI (NYSE: UGI), UMB Financial (Nasdaq: UMBF), United Therapeutics (Nasdaq: UTHR), Universal American (NYSE: UAM), Universal Stainless & Alloy (Nasdaq: USAP), Univest Corp (Nasdaq: UVSP), USA Mobility (Nasdaq: USMO), Varian Medical (NYSE: VAR), Vertex Pharmaceuticals (Nasdaq: VRTX), Virgin Media (Nasdaq: VMED), ViroPharma (Nasdaq: VPHM), Virtusa (Nasdaq: VRTU), Visa (NYSE: V), VistaPrint (Nasdaq: VPRT), Voltaire (Nasdaq: VOLT), WABCO (NYSE: WBC), Waddell & Reed Fin'l (NYSE: WDR), Walter Energy (NYSE: WLT), Waters (NYSE: WAT), WellPoint (NYSE: WLP), Whiting Petroleum (NYSE: WLL), Willis Group (NYSE: WSH), Wintrust Fin'l (Nasdaq: WTFC), WisdomTree Investments (OTC: WSDT.PK), Woodward (Nasdaq: WGOV) and Wyndham Worldwide (NYSE: WYN).

Thursday

Just the two regulars Thursday, as far as economic reports are concerned. Look for the Department of Labor's Weekly Jobless Claims data at 8:30 AM. Last week's report covering the period ended July 17 produced a 37K increase in new benefits filers, to 464K. This week, economists see a reading of 460K, but remember, with this weekly data, economists will forecast close to the prior result.

The EIA reports on Natural Gas at 10:30 AM ET. The report for the period ended July 16 showed natural gas inventory increased 51 Bcf. At the latest level, natural gas storage stood 261 Bcf above the average mark for this time of year. High temperatures for July has increased air conditioner and electricity usage, which is partly powered by natural gas fueled power plants. Perhaps, if temperatures continue this torrid trend, we might start to see more pressure on nat gas inventory along with pricing. Coming off a spike in June, prices seem to us on a rising trend since mid-March.

Must-see TV schedules the House Ethics Panel trial on charges against Rep. Charles Rangel, who happens to represent my neighboring region here in NYC. The Senate Foreign Relations Committee will examine BP's role in the release of the Lockerbie bomber, who by the way is surviving his mortal illness thus far.

Pfizer (NYSE: PFE) sees its pediatric hypertension drug reviewed by an FDA panel Wednesday. Microsoft (Nasdaq: MSFT) has an analysts' meeting scheduled. The earnings schedule includes news from Amgen (Nasdaq: AMGN), Wynn Resorts (Nasdaq: WYNN), Teradyne (NYSE: TER), Express Scripts (Nasdaq: ESRX), Northrop Grumman (NYSE: NOC), The Interpublic Group (NYSE: IPG), 3D Systems (Nasdaq: TDSC), 3Par (NYSE: PAR), Abaxis (Nasdaq: ABAX), ACI Worldwide (Nasdaq: ACIW), Acme Packet (Nasdaq: APKT), Actel (Nasdaq: ACTL), AGL Resources (NYSE: AGL), Alaska Communications (Nasdaq: ALSK), Alexander & Baldwin (Nasdaq: ALEX), Alexandria Real Estate (NYSE: ARE), Altisource Portfolio (Nasdaq: ASPS), America Service Group (Nasdaq: ASGR), American Commercial Lines (Nasdaq: ACLI), AMSC (Nasdaq: AMSC), Anadigics (Nasdaq: ANAD), Anadys Pharmaceuticals (Nasdaq: ANDS), Ancestry.com (Nasdaq: ACOM), Antigenics (Nasdaq: AGEN), AP Capital (Nasdaq: ACAP), Applied Micro Circuits (Nasdaq: AMCC), Arctic Cat (Nasdaq: ACAT), Ariba (Nasdaq: ARBA), Art Technology Group (Nasdaq: ARTG), Artio (NYSE: ART), Asset Acceptance Capital (Nasdaq: AACC), AstraZeneca (NYSE: AZN), Astronics (Nasdaq: ATRO), Authentec (Nasdaq: AUTH), Automatic Data Processing (NYSE: ADP), AVEO Pharmaceuticals (Nasdaq: AVEO), Avon (NYSE: AVP), AXT Inc. (Nasdaq: AXTI), Baldor Electric (NYSE: BEZ), Baldwin & Lyons (Nasdaq: BWINA), Ball Corp. (NYSE: BLL), Ballard Power (Nasdaq: BLDP), Banco Santander (NYSE: STD), Barrick Gold (NYSE: ABX), BASF (OTC: BASFY.PK), Becton Dickinson (NYSE: BDX), Belden (NYSE: BDC), Benchmark Electronics (NYSE: BHE), Boots & Coots (NYSE: WEL), Brasil Telecom (NYSE: BRP), Brunswick (NYSE: BC), Build-A-Bear (NYSE: BBW), Bunge Ltd. (NYSE: BG), Cabela's (NYSE: CAB), Callidus Software (Nasdaq: CALD), Camden Property Trust (NYSE: CPT), CARBO Ceramics (NYSE: CRR), Cardiac Science (Nasdaq: CSCX), Carpenter Technology (NYSE: CRS), Carter's (NYSE: CRI), Cavium Networks (Nasdaq: CAVM), CDC Software (Nasdaq: CDCS), CDI Corp. (NYSE: CDI), CE Franklin (Nasdaq: CFK), Celanese (NYSE: CE), Celgene (Nasdaq: CELG), Cenovus Energy (NYSE: CVE), Center Fin'l (Nasdaq: CLFC), Cerus (Nasdaq: CERS), Chart Industries (Nasdaq: GTLS), Checkpoint Systems (NYSE: CKP), Chembio Diagnostics (Nasdaq: CEMI), China Lodging (Nasdaq: HTHT), Chiquita Brands (NYSE: CQB), Clearwater Paper (NYSE: CLW), Cobra Electronics (Nasdaq: COBR), Coherent (Nasdaq: COHR), Coinstar (Nasdaq: CSTR), Colgate-Palmolive (NYSE: CL), Columbia Banking (Nasdaq: COLB), Computer Programs & Systems (Nasdaq: CPSI), comScore (Nasdaq: SCOR), Comverge (Nasdaq: COMV), Conexant Systems (Nasdaq: CNXT), ConMed (Nasdaq: CNMD), Consol Energy (NYSE: CNX), Constant Contact (Nasdaq: CTCT), Cryolife (NYSE: CRY), Cumulus Media (Nasdaq: CMLS), Curtiss-Wright (NYSE: CW), Dun & Bradstreet (NYSE: DNB), Dana Holding (NYSE: DAN), DDi Corp. (Nasdaq: DDIC), Delcath Systems (Nasdaq: DCTH), Deltek (Nasdaq: PROJ), DENTSPLY (Nasdaq: XRAY), Diebold (NYSE: DBD), Digirad (Nasdaq: DRAD), DineEquity (NYSE: DIN), Dolby Labs (NYSE: DLB), Dover Downs Gaming (NYSE: DDE), Dover Motorsports (NYSE: DVD), DPL (NYSE: DPL), Dr. Pepper Snapple (NYSE: DPS), Dresser-Rand (NYSE: DRC), DSP Group (Nasdaq: DSPG), DTE Energy (NYSE: DTE), Duff & Phelps (NYSE: DUF), Duke Realty (NYSE: DRE), Dynamics Materials (Nasdaq: BOOM), Dynamics Research (Nasdaq: DRCO), Eastman Chemical (NYSE: EMN), Eldorado Gold (NYSE: EGO), EMC Insurance (Nasdaq: EMCI), EMCOR (NYSE: EME), Empire District Electric (NYSE: EDE), Energen (NYSE: EGN), Entertainment Properties Trust (NYSE: EPR), Epicor Software (Nasdaq: EPIC), EQT Corp. (NYSE: EQT), Erie Indemnity (Nasdaq: ERIE), Essex Rent (Nasdaq: ESSX), Evans Bancorp (Nasdaq: EVBN), Exar (Nasdaq: EXAR), Expedia (Nasdaq: EXPE), EZChip Semi (Nasdaq: EZCH), Federal-Mogul (Nasdaq: FDML), First Commonwealth Fin'l (NYSE: FCF), First Potomac Realty (NYSE: FPO), First Security Group (Nasdaq: FSGI), First Solar (Nasdaq: FSLR), First State Bancorp (Nasdaq: FSNM), Flamel (Nasdaq: FLML), Forrester Research (Nasdaq: FORR), France Telecom (NYSE: FTE), Franklin Resources (NYSE: BEN), Genoptix (Nasdaq: GXDX), Genpact (NYSE: G), Gen-Probe (Nasdaq: GPRO), Gentiva Health (Nasdaq: GTIV), Genworth Fin'l (NYSE: GNW), Geron (Nasdaq: GERN), Golfsmith Int'l (Nasdaq: GOLF), Goodrich (NYSE: GR), Goodyear Tire & Rubber (NYSE: GT), GrafTech Int'l (NYSE: GTI), Graham (AMEX: GHM), Green Plains Renewable Energy (Nasdaq: GPRE), GSI Technology (Nasdaq: GSIT), Gulf Island Fabrication (Nasdaq: GIFI), Harmonic (Nasdaq: HLIT), Harsco (NYSE: HSC), Harte-Hanks (NYSE: HHS), HCA (NYSE: HCA), HealthSpring (NYSE: HS), Helmerich & Payne (NYSE: HP), Holly Energy (NYSE: HEP), Honda Motor (NYSE: HMC), Hornbeck Offshore Services (NYSE: HOS), IMAX (Nasdaq: IMAX), Imperial Oil (AMEX: IMO), Ingram Micro (NYSE: IM), Insulet (Nasdaq: PODD), Integra Lifesciences (Nasdaq: IART), Intermec (NYSE: IN), Internet Brands (Nasdaq: INET), Internet Capital Group (Nasdaq: ICGE), Investment Technology Group (NYSE: ITG), Iron Mountain (NYSE: IRM), Ixys (Nasdaq: IXYS), Kaydon (NYSE: KDN), KB Financial (NYSE: KB), KBR (NYSE: KBR), KBW (NYSE: KBW), Kellogg (NYSE: K), Kennametal (NYSE: KMT), Key Technology (Nasdaq: KTEC), KLA-Tencor (Nasdaq: KLAC), KT Corp. (NYSE: KT), LaserCard (Nasdaq: LCRD), Libbey (AMEX: LBY), Life Technologies (Nasdaq: LIFE), Linn Energy (Nasdaq: LINE), Lithia Motors (NYSE: LAD), LKQ Corp. (Nasdaq: LKQX), LodgeNet Interactive (Nasdaq: LNET), Lubrizol (NYSE: LZ), Macatawa Bank (Nasdaq: MCBC), Mack-Cali Realty (NYSE: CLI), Magellan Health (Nasdaq: MGLN), MarineMax (NYSE: HZO), Maxim Integrated (Nasdaq: MXIM), MaxLinear (NYSE: MXL), Maxwell Technologies (Nasdaq: MXWL), McAfee (NYSE: MFE), MDC Partners (Nasdaq: MDCA), Mead Johnson (NYSE: MJN), MEMC Electronic Materials (NYSE: WFR), Meredith Corp. (NYSE: MDP), MetLife (NYSE: MET), Microtune (Nasdaq: TUNE), Minerals Technologies (NYSE: MTX), Mitsubishi UFJ Financial (NYSE: MTU), Modine Manufacturing (NYSE: MOD), Monster World Wide (NYSE: MWW), Moody's (NYSE: MCO), Motorola (NYSE: MOT), MWI Veterinary Supply (Nasdaq: MWIV), National Oilwell Varco (NYSE: NOV), National Penn Bancshares (Nasdaq: NPBC), Natus Medical (Nasdaq: BABY), Navigant Consulting (NYSE: NCI), Navios Maritime Acquisition (NYSE: NNA), NEI (Nasdaq: NENG), Neogenomics (Nasdaq: NGNM), Network Equipment Technologies (Nasdaq: NWK), Neutral Tandem (Nasdaq: TNDM), Nevada Gold & Casinos (AMEX: UWN), Newpark Resources (NYSE: NR), NII Holdings (Nasdaq: NIHD), NMT Medical (Nasdaq: NMTI), Noble Energy (NYSE: NBL), Northwestern (NYSE: NWE), Novamed (Nasdaq: NOVA), NTT DoCoMo (NYSE: DCM), NutriSystem (Nasdaq: NTRI), Occam Networks (Nasdaq: OCNW), Oclaro (Nasdaq: OCLR), On Assignment (Nasdaq: ASGN), Pactiv (NYSE: PTV), Palomar Medical (Nasdaq: PMTI), Panasonic (NYSE: PC), Patterson-UTI Energy (Nasdaq: PTEN), PDF Solutions (Nasdaq: PDFS), Penske Automotive (NYSE: PAG), Pentair (NYSE: PNR), Performance Technologies (Nasdaq: PTIX), Pinnacle Entertainment (NYSE: PNK), Planar Systems (Nasdaq: PLNR), Portfolio Recovery Associates (Nasdaq: PRAA), Potash Corp. (NYSE: POT), Potlatch (NYSE: PCH), Power-One (Nasdaq: PWER), Preferred Bank (Nasdaq: PFBC), Pride Int'l (NYSE: PDE), Provident Financial (Nasdaq: PROV), Quest Software (Nasdaq: QSFT), Quidel (Nasdaq: QDEL), RadioShack (NYSE: RSH), Rayonier (NYSE: RYN), Raytheon (NYSE: RTN), RealNetworks (Nasdaq: RNWK), Rediff.com (Nasdaq: REDF), Reed Elsevier (NYSE: RUK), Regal Entertainment (NYSE: RGC), Reliv Int'l (Nasdaq: RELV), Repsol (NYSE: REP), Republic Services (NYSE: RSG), Revlon (NYSE: REV), Rochester Medical (Nasdaq: ROCM), Rovi (Nasdaq: ROVI), Ruddick (NYSE: RDK), Safeguard Scientifics (NYSE: SFE), Saia (Nasdaq: SAIA), Sally Beauty (NYSE: SBH), Sanofi-Aventis (NYSE: SNY), SCANA (NYSE: SCG), Siemens (NYSE: SI), Sierra Wireless (Nasdaq: SWIR), Silicon Motion Technology (Nasdaq: SIMO), Sonic Automotive (NYSE: SAH), Sony (NYSE: SNE), Southwest Airlines (NYSE: LUV), Stamps.com (Nasdaq: STMP), Standard Pacific (NYSE: SPF), StarTek (NYSE: SRT), State Auto Financial (Nasdaq: STFC), Statoil (NYSE: STO), Steven Madden (Nasdaq: SHOO), Stewart Information Services (NYSE: STC), Strayer Education (Nasdaq: STRA), Sturm Ruger (NYSE: RGR), Sun Healthcare (Nasdaq: SUNH), Suncor Energy (NYSE: SU), Sunoco (NYSE: SUN), Support.com (Nasdaq: SPRT), SureWest Communications (Nasdaq: SURW), Synaptics (Nasdaq: SYNA), Taiwan Semiconductor (NYSE: TSM), TAL International Group (NYSE: TAL), Talecris Biotherapeutics (Nasdaq: TLCR), Taylor Capital (Nasdaq: TAYC), Tele Norte Celular (NYSE: TCN), Telecommuncations Systems (Nasdaq: TSYS), Teledyne (NYSE: TDY), Telefonica SA (NYSE: TEF), Telemar (NYSE: TNE), Telenav (Nasdaq: TNAV), Tennant (NYSE: TNC), Tenneco (NYSE: TEN), Tessera Technologies (Nasdaq: TSRA), The Advisory Board (Nasdaq: ABCO), The Brinks Co. (NYSE: BCO), McClatchy (NYSE: MNI), The PMI Group (NYSE: PMI), Timken (NYSE: TKR), Thermadyne (Nasdaq: THMD), Thomson Reuters (NYSE: TRI), Thoratec (Nasdaq: THOR), TomoTherapy (Nasdaq: TOMO), Town Sports Int'l (Nasdaq: CLUB), TransAlta (NYSE: TAC), TransCanada (NYSE: TRP), Transcend Services (Nasdaq: TRCR), TranSwitch (Nasdaq: TXCCD), Tree.com (Nasdaq: TREE), Trident Microsystems (Nasdaq: TRID), Trinity Biotech (Nasdaq: TRIB), Tyco Int'l (NYSE: TYC), Ultralife (Nasdaq: ULBI), Unifi (NYSE: UFI), United Stationers (Nasdaq: USTR), Valassis Communications (NYSE: VCI), Vale SA (Nasdaq: VALE), Varian Semiconductor (Nasdaq: VSEA), Ventas (NYSE: VTR), Volcom (Nasdaq: VLCM), Washington Real Estate Investment Trust (NYSE: WRE), Waste Management (NYSE: WM), Wayside Technology (Nasdaq: WSTG), Williams Cos. (NYSE: WMB), Williams Partners (NYSE: WPZ), Wisconsin Energy (NYSE: WEC), WPCS Int'l (Nasdaq: WPCS), Xcel Energy (NYSE: XEL) and Zoll Medical (Nasdaq: ZOLL).

Friday

Your worst nightmare meets your Friday, so plan for a late departure to the beach house. Five economic reports are set to run through the length of the day. First and foremost, look for the Advance Report on Q2 GDP. Q1's growth was revised down from 3.2%, to 3.0% and finally to 2.7%. We've mostly seen economic data slipping over the last three months, and so the economists' forecast for Q2 GDP growth of 2.5% seems a bit high. However, economists' forecasts range from +1.0% to +3.4%. Look for the GDP data at 8:30 ET. The Price Index is expected to increase by 1.0%.

The Employment Costs Index is also due for 8:30 report. After increasing 0.6% in Q1, economists expect Q2 costs to rise 0.4%.

The Chicago Purchasing Managers Index (PMI) is due for reporting at 9:45 ET. All signs point toward moderation in the Chicago PMI reading. It slipped slightly at last check, to a still strong 59.1. We expect July's reading to drop further, and economists forecast the metric to hit 56.0 when reported Friday morning. Of course, that still marks economic expansion for the Midwest region's manufacturing segment. Look for the slip to take it lower than economists expect, in my view.

The University of Michigan/ Reuters Consumer Sentiment reading is due at 9:55 AM. It dropped precipitously in the mid-July reading, to a mark of 66.5. Economists surveyed by Bloomberg are looking for a slight improvement to 67.0 in this last monthly read. Again, the odds seem skewed towared a lower reading than that.

The Department of Agriculture is scheduled to report on Farm Prices at 3:00 PM ET.

In corporate news, Apache (NYSE: APA) is supposed to pay a $5 billion deposit to BP for assets priced at $7 billion. The day's earnings news includes Honda Motor (NYSE: HMC), Mazda Motor (OTC: MZDAY.PK), Merck (NYSE: MRK), McKesson (NYSE: MCK), Weyerhaeuser (NYSE: WY), Chevron (NYSE: CVX), PSE&G (NYSE: PEG), ITT Corp. (NYSE: ITT), Advanced Semiconductor Engineering (NYSE: ASX), Alcatel-Lucent (NYSE: ALU), American Axle (NYSE: AXL), American Electric Power (NYSE: AEP), Amerigroup (NYSE: AGP), Angiotech Pharmaceuticals (Nasdaq: ANPI), Aon Corp. (NYSE: AON), Apartment Investment & Management (NYSE: AIV), Arch Coal (NYSE: ACI), Beasley Broadcast Group (Nasdaq: BBGI), Bel Fuse (Nasdaq: BELFB), Belo (NYSE: BLC), BioScrip (Nasdaq: BIOS), BorgWarner (NYSE: BWA), Brookfield Homes (NYSE: BHS), Brookfield Properties (NYSE: BPO), Brush Engineered Materials (NYSE: BW), C&F Financial (Nasdaq: CFFI), Calpine Corp. (NYSE: CPN), Capital Bank (Nasdaq: CBKN), CapitalSource (NYSE: CSE), Central Pacific Financial (NYSE: CPF), CGG Veritas (NYSE: CGV), CH Energy (NYSE: CHG), CNA Surety (NYSE: SUR), Coventry Health Care (NYSE: CVH), Digimarc (Nasdaq: DMRC), Domtar (NYSE: UFS), Endo Pharmaceuticals (Nasdaq: ENDP), Federal Signal (NYSE: FSS), Fortune Brands (NYSE: FO), Hitachi (NYSE: HIT), HMS Holdings (Nasdaq: HMSY), Ingles Markets (Nasdaq: IMKTA), Interline Brands (NYSE: IBI), Louisiana-Pacific (NYSE: LPX), MDC Holdings (NYSE: MDC), Moneygram International (NYSE: MGI), Monotype Imaging (Nasdaq: TYPE), Moog (Nasdaq: MOGA), Newell Rubbermaid (NYSE: NWL), OneBeacon Insurance (NYSE: OB), Oppenheimer Holdings (NYSE: OPY), Pilgrim's Pride (NYSE: PPC), Provident Financial (NYSE: PFS), Quality Systems (Nasdaq: QSII), Rentokil Initial (OTC: RTOKY.PK), RRI Energy (NYSE: RRI), Ruth's Hospitality (Nasdaq: RUTH), Sify Ltd. (Nasdaq: SIFY), Simon Property Group (NYSE: SPG), Standard Register (NYSE: SR), T-3 Energy Services (Nasdaq: TTES), Total (NYSE: TOT), Ultra Petroleum (NYSE: UPL), Volcano (Nasdaq: VOLC) and West Bancorporation (Nasdaq: WTBA).

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.

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