Trading Radar: Little Change Expected from FOMC
Rain or shine, we reivew the day's biggest stock stories.
The economic data will be highlighted by Leading Indicators due out Monday and then Durable Orders which are due out Friday (see below for estimates).
The FOMC meets on Tuesday with results released Wednesday at 3. There shouldn't be much of a surprise here as rates should stay near zero for some time. However, investors may be curious to see the language from the meeting, most importantly, how long will rates remain zero bound?
Research in Motion will be out with earnings on Thursday and investors will be paying close attention as the stock was near a six month high on Friday. Analysts are looking for the company to report EPS of $1.00 on revenues of 3.632 bln.
Monday, September 21
10:00 Leading Indicators 0.7% cons
Before: LEN, WAG
01:00 3- Month Bill Auction
01:00 6-Month Bill Auction
Jeff Lacker 12:30
Janet Yellen 03:50
A, ARRY, TMO, DHR at UBS Global Life Sciences Conference
PVH, MKSI, CXO, VECO at Bank of America Securities Smid Cap Conference
AVB at Zelman & Associates Housing Summit
DRC, PDE at Natixis Securities Oil Services Conference
GIS Annual Shareholders Meeting
NKE Annual Shareholder's Meeting
Tuesday, September 22
10:00 FHFA US Housing Price Index 0.5% cons.
Before: KMX, CCL, CAG, FDS, RAIL, GIGM, PRGS,
After: AIR, FUL
1:00 2-Yr Note Auction
BMO Capital Markets 2009 Media & Telecom Conference
Wednesday, September 23
10:30 Crude Inventories
02:00 FOMC Rate Decision
Before: AZO, GIS,
After: BBBY, CTAS, CMTL, CPRT, PAYX, RHT
1:00 5-Yr Note Auction
UFS Analyst Meeting
Thursday, September 24
08:30 Initial Claims
08:30 Continuing Claims
10:00 Existing Home Sales 5.33m cons.
Before: COMS, AM, MKC, RAD, SCHL, TCI, MTN
After: ALOG, CBK, FINL, RIMM, TIBX
1:00 Christina Romer
1:00 7-Yr Note Auction
HPQ Analyst Day
Friday, September 25
08:30 Durable Orders 0.1% cons.
08:30 Durables ex. Transportation 0.8% cons.
09:55 Michigan Sentiment Revised 70.0 cons
10:00 New Home Sales 440k cons.
Before: AZZ, KBH
1:15 Kevin Warsh
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