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WHAT’S ON TAP?

10 January 2010 by Cullen Roche 3 Comments

Things really slow down as we kick off the second week of the year.  Although Alcoa officially starts the beginning of Q4 earnings the number of companies reporting is still relatively light.  The economic data is very light following up on last week’s mountain of data.  Let’s take a look at what’s on tap:

Monday – Not much going on.  Dennish Lockhart speaks at 12:40, but that’s about it.  Upgrade Monday should be in full effect as analyst’s position themselves for Q4 earnings. Alcoa (AA) kicks off earnings after the bell.

Tuesday - The economic calendar is light once again.  No market moving earnings reports.

ICSC-Goldman Store Sales 7:45 AM ET

International Trade 8:30 AM ET

Redbook 8:55 AM ET

Wednesday – Another slow day. We get the Fed Beige Book at 2PM. No major market moving earnings reports.

Beige Book 2:00 PM ET

Thursday - As usual the economic calendar is a bit heavier as we get jobless claims data. Retails sales and an ECB announcement are also on the docket. Intel (INTC) reports earnings after the bell. Expect it to be a good report.

ECB Announcement 7:45 AM ET

Retail Sales 8:30 AM ET

Jobless Claims 8:30 AM ET

Business Inventories 10:00 AM ET

Friday – The busiest day of the week. JP Morgan reports earnings before the bell and the economic data is relatively heavy. JPM could set the tone for the following week as bank earnings come fast and furious.

Consumer Price Index 8:30 AM ET

Empire State Mfg Survey 8:30 AM ET

Industrial Production 9:15 AM ET

Consumer Sentiment 9:55 AM ET

Cullen Roche

Cullen Roche

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Comments
  • Michael

    Look at Friday. Even though we have enormous excess capacity, we also have a HUGH amount of QE. Food and energy cost increases will start to seep in to the core inflation number perhaps as early as last month. The headline number was .3 and .4 for the past two months respectively. This is the worst economic recovery since the great depression and oil is still over $82. Stagflation will become the buzz word this year.

    01/10/2010 at 8:04 AM
  • DKTrader

    I’m thinking Monday could be an up day, followed by down days on Tues and Weds. Then up again on Thurs and Fri.

    01/10/2010 at 12:15 PM
    • SS

      Monday will be up. Watch for the upgrades and mergers. The end of the week will also be strong as investors anticipate strong earnings from JPM and INTC.

      01/10/2010 at 1:06 PM