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VIDEOTrading Radar: Earnings Signaling Market Top?
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So far investors have responded to earnings reports by “selling the news”. This has some pundits saying that the top must be in because reaction to earnings hasn’t been as strong previous quarters.
That’s not saying blowout quarters haven’t been greeted with buying, on Thursday night Google (GOOG) reported a stellar quarter and it traded higher by 4%.
Some companies reporting next week are: Apple (AAPL), Amazon (AMZN), Wells Fargo (WFC), Caterpillar (CAT), Yahoo! (YHOO), Morgan Stanley (MS), Potash (POT) and Microsoft (MSFT).
Monday, October 19
Economics
Earnings
Before: BBT, ETN, GCI, HAS, MMR, PETS, WFT
After: ALGT, AAPL,ATHR, BMI, BSX, STLD, TXN, ZION
Events
Bernanke at Fed Conference
DTE Analyst Meeting
Tuesday, October 20
Economics
08:30 Building Permits 590k cons.
08:30 Housing Starts 607k cons.
08:30 PPI 0.1% cons.
08:30 Core PPI 0.1%
Earnings
Before: BK, BIIB, BLK, EAT, CAT, COH, KO, CMA, DD, FCFS, FRX, ITW, JEF, LMT, ITW, JEF, LXK, LMT, EDU, OXPS, PH, BTU, PFE, PNR, RF, SHW, STT, SVU, UAUA, UTX, UNH, WU
After: AMLN, CHRW, CREE, CYMI, GILD, INFN, ISRG, NBR, SNDK, SONC, SYK, SUPX, TUP, VOCS, YHOO
Speeches
08:00 Charles Plosser
Events
Fed's Warsh Moderates at Fed Conference
Wednesday, October 21
Economics
10:30 Crude Inventories
02:00 Fed’s Beige Book
Earnings
Before: APD, ATI, MO, BA, CNH, CAL, ELN, LLY, FCX, GENZ, KEY, KCI,NITE, LNN, MCD, MS, NTRS, NOC, PENN, PJC, STJ, SWK, USB, WFC
After: ADS, AMP, CTXS, CPTS, CLB, CVD, EBAY, EFX, WIRE, EQIX, FFIV, IRBT, NVLS, PTV, RRC, RJF, SKX, TEX, TSCO, VMW
Speeches
04:30 Eric Rosengren
Thursday, October 22
Economics
08:30 Initial Claims
08:30 Continuing Claims
10:00 Leading Indicators 0.8% cons.
10:00 FHFA Housing Price Index
Earnings
Before: FLWS, MMM, ALK, T, BDK, BMY, BG, CELG, DHR, DAL, DO, DOW, EXP, EMC, ESV, FITB, FCF, GR, HSY, HBAN, ESI, JNS, JBLU, KMB, LM, ERIC, MRK, NYT, NU, OXY, PM, PNC, POT, RTN, SGP, SPAR, HOT, STI, TIN, TMO, TRAD, TRV, UPS, LCC, WCC, WYE, XRX, ZMH
After: AMZN, AXP, BJRI, BRCM, BUCY, BNI, CA, COF, CAKE, CMG, CB, CYN, DECK, ELB, GDI, HITT, HOKU, IBKR, JNPR, WFR, MCHP, NFLX, NTGR, PMCS, RVBD, STMP, SYNA, SPWRA, WOFF, WDC
Speeches
10:30 Eric Rosengren
01:30 William Dudley
Friday, October 23
Economics
10:00 Existing Home Sales 5.38m cons.
Earnings
Before: ACO, DOV, EXC, FO, HON, IR, IVZ, FSTR, MSFT, SLB, TRO, WHR
After:
Speeches
08:30 Ben Bernanke
11:30 Donald Kohn
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