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 21Economics
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
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