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: Little Change Expected from FOMC

By

Rain or shine, we reivew the day's biggest stock stories.

PrintPRINT
Next week traders will be focused economic data, the FOMC statement, and Research in Motion (RIMM) earnings.

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


Economics

10:00 Leading Indicators 0.7% cons

Earnings

Before: LEN, WAG

After: SNX

Auctions

01:00 3- Month Bill Auction
01:00 6-Month Bill Auction

Speeches

Jeff Lacker 12:30
Janet Yellen 03:50

Events

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
EMC TechTalk
GIS Annual Shareholders Meeting
NKE Annual Shareholder's Meeting

Tuesday, September 22


Economics

10:00 FHFA US Housing Price Index 0.5% cons.

Earnings

Before: KMX, CCL, CAG, FDS, RAIL, GIGM, PRGS,

After: AIR, FUL

Auctions

1:00 2-Yr Note Auction

Events

BMO Capital Markets 2009 Media & Telecom Conference

Wednesday, September 23

Economics

10:30 Crude Inventories
02:00 FOMC Rate Decision

Earnings

Before: AZO, GIS,

After: BBBY, CTAS, CMTL, CPRT, PAYX, RHT

Auctions

1:00 5-Yr Note Auction

Events

UFS Analyst Meeting

Thursday, September 24

Economics

08:30 Initial Claims
08:30 Continuing Claims
10:00 Existing Home Sales 5.33m cons.

Earnings

Before: COMS, AM, MKC, RAD, SCHL, TCI, MTN

After: ALOG, CBK, FINL, RIMM, TIBX

Speeches

1:00 Christina Romer

Auctions

1:00 7-Yr Note Auction

Events

HPQ Analyst Day

Friday, September 25

Economics

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.

Earnings

Before: AZZ, KBH

After:

Speeches

1:15 Kevin Warsh
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