Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Trading Radar: Markets Banking on Goldman Earnings

By

Stay one step ahead of the rest.

PrintPRINT
The market has been very slow as of late as traders take profits and await second quarter earnings reports. The summer doldrums will end next week as traders are greeted with the official start of earnings season and an abundance of economic data. From the FOMC Minutes to the PPI/CPI to tech earnings, traders will be busy.

The most important earnings reports of the week will be from the banks as most of the majors-Bank of America (BAC), Citigroup (C) and JP Morgan (JPM)-will report numbers.

Goldman Sachs (GS) will lead off Tuesday before the bell. The company has been in the news a lot lately, with the Rolling Stone article, record bonuses, program trading thiefs and the CFTC policing derivatives. The company was just upgraded by Bank of America Merrill Lynch to "Buy" from "Neutral" with a price target of $174. The research analyst believes Goldman benefits from the wide bid/ask spreads in the fixed income market and he believes global equity underwriting were strong in the second quarter. Wall Street is expecting the company to report EPS of $3.48 with revenues of 10.6 billion.

Check out the full trading radar below.



Monday, July 13

Economics

02:00 Treasury Budget

Earnings

Before: FAST

After: CSX, NVLS

Auctions

3-Month Bill Auction 1:00 PM ET
6- Month Bill Auction 1:00 PM ET

Tuesday, July 14

Economics

08:30 Core PPI 0.1% cons.
08:30 PPI 0.8% cons.
08:30 Retail Sales 0.5% cons.
08:30 Retail Sales ex-auto 0.5% cons.
10:00 Business Inventories -1.0% cons.

Earnings

Before: GS, JNJ,

After: AIR, ADTN, ALTR, INTC, YUM

Auctions

4-Week Bill Auction 1:00 PM ET

Wednesday, July 15

Economics

08:30 Core CPI 0.1% cons.
08:30 CPI 0.6% cons.
08:30 Empire Manufacturing -5.00 cons.
09:15 Capacity Utilization 67.9% cons.
09:15 Industrial Production -0.6% cons.
10:30 Crude Inventories
02:00 FOMC Minutes

Earnings

Before: ABT, CBSH, GCI, LUFK, MTOX, TXI, WWW, WOR, GWW

After: CTAS, CCK, EWBC, JBHT, STLY, XLNX

Thursday, July 16


Economics

08:30 Initial Claims
09:00 Net Long- Term TIC Flows
10:00 Phildelphia Fed -5.0%

Earnings

Before: BAX, BIIB, BLK, CY, FCS, HOG, JPM, MAR, MTG, NOK, PII, SON,

After: ANGO, ATR, CBST, GOOG, IBM, TPX

Friday, July 17

Economics

08:30 Building Permits 523k
08:30 Housing Starts 530k

Earnings

Before: BAC, BMI, BBT, C, FHN, GE, MAT

After:
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE