Economic: NY Empire (7.5), NLT TIC Flows, NAHB Housing Index (14).
Earnings: Light Monday morning kick-off (JKS, SYY, VAL) but home improvement retailer Lowe's (LOW) kicks off busy week of diverse retail confessionals.
Quiet after hours (IOC, RINO and PWRD) with tech outfit Agilent (A) and Urban Outfitters (URBN) headlining within second tier reports.
Other Notables: Usual suspects of potential "Merger Monday" (GENZ) headlines and European-based economic chills or thrills (FXE, UUP, TLT and GLD). The Dream Police are out Monday and Tuesday with triple play of housing data.
Tuesday:
Economic: Housing Starts & Bldg P's (555K, 573K), PPI & Core (0.2%, 0.1%), IP & CU (0.6%, 74.5%).
Earnings: "Retail, Retail, Retail!" as sector and index muscle (ANF, HD, SKS and TJX) make for an important tone-setting session Tuesday. In the spotlight, Dow component and world's largest discount retailer Wal-Mart (WMT) is expected to grow profits by 10% to $0.97 per share.
Technically, WMT has mimicked SP-500's own performance of last couple sessions in giving up its 50-SMA on a bearish price gap while remaining in a position of overall weakness in recent weeks by failing to clear overhead 200SMA resistance.
After Hours tape includes: (ADI, BOBE, LZB and LFT).
Wednesday:
Economic: Weekly Crude data.
Earnings: More retail (BJ, CHS, CTRN) with department store operator Target (TGT) in investors sights, while Dow component and heavy machinery giant Deere (DE) will be in investors headlights.
Analysts expect profit growth of 23% for Deere on earnings of $1.22 per share, outlook for "green shoots" economic story should be key focus. Traders look to expect good deal more as shares remain strong technical outperformer with current four day pullback into weekly support off YTD highs. Others: (STP and DGW).
Busy after hours with NASDAQ tech components (AMAT, BRCD, NTAP, NTES, OTEX and SNPS) and continued releases out of retail names (GYMB, HOTT, LTD and PETM) in the mix.
Thursday:
Economic: Weekly Claims (475K, 4.50M), Leading Indicators (0.2%), Philly Fed (7.5).
Earnings: Heavy retail (PLCE, DKS, DLTR, GME, ROST, SHLD, SPLS) premarket radar. Others: (YGE, TTC, TECD, NM). Second straight after hours of tech / retail partnership: Dell (DELL), Hewlett (HPQ), Salesforce (CRM), Gap (GPS), Aeropostale (ARO) and Zumiez (ZUMZ). Others: (BCSI, INTU, MRVL, VRGY and FL)
Friday:
Economic: NA
Earnings: AnnTaylor (ANN), Corinthian (COCO), Hibbett (HIBB), Hormel (HRL), Kirklands (KIRK).
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