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Next Week's Market-Moving Events: Apple Earnings, Existing and New Home Sales, and Jobless Claims


What to watch out for in next week's economic headlines.

Index returns only told half the story this week. The Dow Jones Industrial Average (INDEXDJX:.DJI) hit a 5-year high, while the S&P 400 (INDEXSP:SP400) and Russell 2000 (INDEXRUSSELL:RUT) both traded at all-time highs before retreating a bit. For the week, the S&P 500 (INDEXSP:.INX) gained about ½ %, bringing the year-to-date gains to just over 3%.

The Trade: Given the broad market breadth and limited index gains, focusing on equal-weight ETFs might prove to be an outperforming strategy as these will be impacted less by the likes of Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC), whose impact on market-cap weighted indexes is significant.

Next Week's Market-Moving Events:
  • Monday: US bourses are closed for Martin Luther King, Jr. Day. European and Asian earnings will continue to roll in, so be prepared for a little extra volatility on Tuesday.
  • Tuesday: Existing home sales will be reported before the open. On the earnings front, Coach (NYSE:COH), CSX Corp. (NYSE:CSX), DuPont (NYSE:DD), Google (NASDAQ:GOOG), and Verizon (NYSE:VZ) are all on tap.
  • Wednesday: All eyes will be on Apple's earnings today. Additionally, Abbott Labs (NYSE:ABT), McDonald's (NYSE:MCD), SAP AG (NYSE:SAP), and Textron (NYSE:TXT) are all reporting earnings. No major economic news will be released.
  • Thursday: Jobless claims, PMI Manufacturing, and petroleum inventories will be the main economic reports, while UPS' (NYSE:UPS) earnings report will provide further insights into consumer and business activity.
  • Friday: Housing is back in focus as the new home sales report is released at 10:00 a.m. EST.
Follow Oliver Pursche on Twitter: @opursche.
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