Week Ahead for Stocks
Unfortunately, after a distressing week for the market, with the SPDR S&P 500 (NYSE: SPY) down 2.6% on the week and 2.1% on Friday alone, the week ahead may only offer more of the same.
It was an ugly week for stocks, with the Dow Jones Industrials taking the worst of it. Capital flowed out of stocks and into safe havens like gold and relative securities like the SPDR Gold Shares (NYSE: GLD).
The market’s focus will be the Federal Open Market Committee’s (FOMC) latest monetary policy decision on this coming Wednesday. It seems a far stretch to expect the Fed to back off the tapering it has only just initiated. If, however, it further tapers its asset purchasing activity, affectionately known as quantitative easing, amid fading economic confidence, stocks will slide deeper. And if the Fed holds to its recent pace, but offers further inflation discussion nonetheless, that would hurt as well. Luckily for us, Ben Bernanke is still running the show, so we can at least hope for tempered discussion within the release.
There will be a slew of other important economic data availing itself this week. Several important measures covering every facet of the economy are scheduled for report this week, save the monthly Employment Situation Report which comes due the following week. So, economic data will either continue to undermine investor confidence or serve to stabilize it. This matters immensely to stocks in need of some reassurance.
Corporate earnings plays strongly as well this week, with big names like Apple (Nasdaq: AAPL) and others reporting, but no matter the company specific news, I see broader stock market decline continuing.
Other reports you may enjoy:
Apple EPS Setup Against the Whisper
Stock Market Shock Dictates Continued Avoidance of Passive Long Positions
Alcatel-Lucent EPS – What’s the Whisper Anyway?
Why I See GE’s Soft Floor at $24 and Bedrock at $20
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.
It was an ugly week for stocks, with the Dow Jones Industrials taking the worst of it. Capital flowed out of stocks and into safe havens like gold and relative securities like the SPDR Gold Shares (NYSE: GLD).
Security
|
Last Week
|
Year-to-Date
|
Last 12 Months
|
SPDR S&P 500 (NYSE: SPY)
|
-2.6%
|
-3.1%
|
+19.7%
|
SPDR Dow Jones (NYSE: DIA)
|
-3.4%
|
-4.2%
|
+14.8%
|
PowerShares QQQ (Nasdaq: QQQ)
|
-1.3%
|
-1.4%
|
+30.1%
|
SPDR Gold Shares (NYSE: GLD)
|
+1.1%
|
+5.3%
|
-24.2%
|
iPath S&P Crude Oil (NYSE: OIL)
|
+2.9%
|
-2.2%
|
-0.7%
|
The Week Ahead
The market’s focus will be the Federal Open Market Committee’s (FOMC) latest monetary policy decision on this coming Wednesday. It seems a far stretch to expect the Fed to back off the tapering it has only just initiated. If, however, it further tapers its asset purchasing activity, affectionately known as quantitative easing, amid fading economic confidence, stocks will slide deeper. And if the Fed holds to its recent pace, but offers further inflation discussion nonetheless, that would hurt as well. Luckily for us, Ben Bernanke is still running the show, so we can at least hope for tempered discussion within the release.
THIS WEEK’S ECONOMIC REPORT
SCHEDULE
|
||
Economic Data Point
|
Prior
|
Expected
|
MONDAY
|
||
New Home Sales
(Dec.)
|
464K
|
450K
|
3.1
|
5.0
|
|
TUESDAY
|
||
FOMC Meeting Begins
|
||
Durable Goods Orders (Dec.)
|
+3.5%
|
+1.6%
|
-Ex-Transportation
|
+1.2%
|
+0.7%
|
S&P Case Shiller HPI 20-City (Oct.)
|
+1.0%
|
+0.8%
|
78.1
|
79.0
|
|
95.9
|
||
13
|
10
|
|
-1.9%
|
||
-Year-to-Year Pace
|
+0.9%
|
|
+3.1%
|
||
WEDNESDAY
|
||
+4.7%
|
||
-Crude Oil Inventory
|
+1.0 M B
|
|
-Gasoline Inventory
|
+2.1 M B
|
|
THURSDAY
|
||
GDP Q4 2013 (Advance)
|
4.1%
|
3.0%
|
Pending Home Sales (Dec.)
|
+0.2%
|
-0.5%
|
326K
|
327K
|
|
-31
|
||
-107 Bcf
|
||
FRIDAY
|
||
Personal Income (Dec.)
|
+0.2%
|
+0.2%
|
-Personal Spending
|
+0.5%
|
+0.2%
|
-Core PCI
|
+0.1%
|
+0.1%
|
+0.4%
|
+0.4%
|
|
59.1
|
59.5
|
|
80.4
|
81.0
|
|
There will be a slew of other important economic data availing itself this week. Several important measures covering every facet of the economy are scheduled for report this week, save the monthly Employment Situation Report which comes due the following week. So, economic data will either continue to undermine investor confidence or serve to stabilize it. This matters immensely to stocks in need of some reassurance.
Corporate earnings plays strongly as well this week, with big names like Apple (Nasdaq: AAPL) and others reporting, but no matter the company specific news, I see broader stock market decline continuing.
HIGHLIGHTED EPS REPORTS
|
|
Company
|
Ticker
|
MONDAY
|
|
Apple
|
Nasdaq: AAPL
|
Alkermes
|
Nasdaq: ALKS
|
American Electric Power
|
NYSE: AEP
|
Black Hills
|
NYSE: BKH
|
Caterpillar
|
NYSE: CAT
|
Haemonetics
|
NYSE: HAE
|
Headwaters
|
NYSE: HW
|
Kulicke and Soffa
|
Nasdaq: KLIC
|
Nathan’s Famous
|
Nasdaq: NATH
|
NVR
|
NYSE: NVR
|
Oppenheimer
|
NYSE: OPY
|
Radware
|
Nasdaq: RDWR
|
Rayonier
|
NYSE: RYN
|
Regis
|
NYSE: RGS
|
Rent-A-Center
|
Nasdaq: RCII
|
Roper
|
NYSE: ROP
|
Seagate
|
NYSE: STX
|
Sonic Foundry
|
Nasdaq: SOFO
|
Ultratech
|
Nasdaq: UTEK
|
United States Steel
|
NYSE: X
|
Wynn Resorts
|
Nasdaq: WYNN
|
Zions Bancorporation
|
Nasdaq: ZION
|
TUESDAY
|
|
A.O. Smith
|
NYSE: AOS
|
Amgen
|
Nasdaq: AMGN
|
AT&T
|
NYSE: T
|
Boston Properties
|
NYSE: BXP
|
Calamos Asset Management
|
Nasdaq: CLMS
|
Check Point Software
|
Nasdaq: CHKP
|
Cirrus Logic
|
Nasdaq: CRUS
|
CIT Group
|
NYSE: CIT
|
Comcast
|
Nasdaq: CMCSA
|
Corning
|
NYSE: GLW
|
D.R. Horton
|
NYSE: DHI
|
DuPont
|
NYSE: DD
|
Electronic Arts
|
NYSE: EA
|
Ford
|
NYSE: F
|
Iberiabank
|
Nasdaq: IBKC
|
Illinois Tool Works
|
NYSE: ITW
|
International Speedway
|
Nasdaq: ISCA
|
Nucor
|
NYSE: NUE
|
Owens-Illinois
|
NYSE: OI
|
Pentair
|
NYSE: PNR
|
Pfizer
|
NYSE: PFE
|
Plantronics
|
NYSE: PLT
|
Potlatch
|
NYSE: PCH
|
RF Micro Devices
|
Nasdaq: RFMD
|
T. Rowe Price
|
Nasdaq: TROW
|
VMware
|
NYSE: VMW
|
Waters
|
NYSE: WAT
|
World Acceptance
|
Nasdaq: WRLD
|
Yahoo
|
Nasdaq: YHOO
|
WEDNESDAY
|
|
1-800-Flowers.com
|
Nasdaq: FLWS
|
Amdocs
|
NYSE: DOX
|
Biogen Idec
|
Nasdaq: BIIB
|
Boeing
|
NYSE: BA
|
Callaway Golf
|
NYSE: ELY
|
Capstead Mortgage
|
NYSE: CMO
|
Citrix Systems
|
Nasdaq: CTXS
|
Dow Chemical
|
NYSE: DOW
|
EMC
|
NYSE: EMC
|
Facebook
|
NYSE: FB
|
Hess
|
NYSE: HES
|
JetBlue Airways
|
Nasdaq: JBLU
|
Mastech
|
NYSE: MHH
|
Navios Maritime
|
NYSE: NMM
|
Piper Jaffray
|
NYSE: PJC
|
Praxair
|
NYSE: PX
|
Qualcomm
|
Nasdaq: QCOM
|
Southern
|
NYSE: SO
|
Symantec
|
Nasdaq: SYMC
|
Tetra Tech
|
Nasdaq: TTEK
|
Tractor Supply
|
Nasdaq: TSCO
|
Tupperware
|
NYSE: TUP
|
Valero
|
NYSE: VLO
|
Vistaprint
|
Nasdaq: VPRT
|
WellPoint
|
NYSE: WLP
|
THURSDAY
|
|
3M
|
NYSE: MMM
|
Alliant Techsystems
|
NYSE: ATK
|
Altria Group
|
NYSE: MO
|
Amazon.com
|
Nasdaq: AMZN
|
AutoNation
|
NYSE: AN
|
Beazer Homes
|
NYSE: BZH
|
Blackstone
|
NYSE: BX
|
BOK Financial
|
Nasdaq: BOKF
|
Broadcom
|
Nasdaq: BRCM
|
Camden Property Trust
|
NYSE: CPT
|
CARBO Ceramics
|
NYSE: CRR
|
Cardinal Health
|
NYSE: CAH
|
Celgene
|
Nasdaq: CELG
|
Chipotle Mexican Grill
|
NYSE: CMG
|
Chubb
|
NYSE: CB
|
Colgate-Palmolive
|
NYSE: CL
|
ConocoPhillips
|
NYSE: COP
|
Eli Lilly
|
NYSE: LLY
|
Exxon Mobil
|
NYSE: XOM
|
Google
|
Nasdaq: GOOG
|
Harley-Davidson
|
NYSE: HOG
|
Invesco
|
NYSE: IVZ
|
JDS Uniphase
|
Nasdaq: JDSU
|
Kennametal
|
NYSE: KMT
|
L-3 Communications
|
NYSE: LLL
|
MakeMyTrip
|
Nasdaq: MMYT
|
MICROS Systems
|
Nasdaq: MCRS
|
NewMarket
|
NYSE: NEU
|
Newmont Mining
|
NYSE: NEM
|
Northrop Grumman
|
NYSE: NOC
|
Occidental Petroleum
|
NYSE: OXY
|
Overstock.com
|
Nasdaq: OSTK
|
Peabody Energy
|
NYSE: BTU
|
Prologis
|
NYSE: PLD
|
Raytheon
|
NYSE: RTN
|
The Pantry
|
Nasdaq: PTRY
|
Thermo Fisher Scientific
|
NYSE: TMO
|
Time Warner Cable
|
NYSE: TWC
|
Under Armour
|
NYSE: UA
|
United Parcel Service
|
NYSE: UPS
|
Viacom
|
Nasdaq: VIAB
|
Visa
|
NYSE: V
|
Whirlpool
|
NYSE: WHR
|
Xcel Energy
|
NYSE: XEL
|
Zimmer Holdings
|
NYSE: ZMH
|
FRIDAY
|
|
AbbVie
|
Nasdaq: ABBV
|
Aon
|
NYSE: AON
|
Autoliv
|
NYSE: ALV
|
Avery Dennison
|
NYSE: AVY
|
Baidu
|
Nasdaq: BIDU
|
Booz Allen Hamilton
|
NYSE: BAH
|
Chevron
|
NYSE: CVX
|
CONSOL Energy
|
NYSE: CNX
|
Dominion Resources
|
NYSE: D
|
ImmunoGen
|
Nasdaq: IMGN
|
KKR Financial
|
NYSE: KFN
|
Lancaster Colony
|
Nasdaq: LANC
|
Lantronix
|
Nasdaq: LTRX
|
Lear
|
NYSE: LEA
|
Legg Mason
|
NYSE: LM
|
LyondellBasell
|
NYSE: LYB
|
MasterCard
|
NYSE: MA
|
Mattel
|
NYSE: MAT
|
Mead Johnson
|
NYSE: MJN
|
Micrel
|
Nasdaq: MCRL
|
Modine Manufacturing
|
NYSE: MOD
|
National Oilwell Varco
|
NYSE: NOV
|
Newell Rubbermaid
|
NYSE: NWL
|
PACCAR
|
Nasdaq: PCAR
|
Pixelworks
|
Nasdaq: PXLW
|
Provident Financial Services
|
NYSE: PFS
|
Saia
|
Nasdaq: SAIA
|
Simon Property
|
NYSE: SPG
|
Tyco International
|
NYSE: TYC
|
Tyson Foods
|
NYSE: TSN
|
Weyerhaeuser
|
NYSE: WY
|
WisdomTree Investments
|
Nasdaq: WETF
|
Other reports you may enjoy:
Apple EPS Setup Against the Whisper
Stock Market Shock Dictates Continued Avoidance of Passive Long Positions
Alcatel-Lucent EPS – What’s the Whisper Anyway?
Why I See GE’s Soft Floor at $24 and Bedrock at $20
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.
Labels: Market-Outlook, Market-Outlook-2014-Q1, Week-Ahead, Week-Ahead-2014
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