Sunday, October 9, 2011

THIS WEEK'S MARKET MOVERS

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Monday: 
Economic: Weekend Eurozone wildcard finds French and German heads promising "no details" package for Europe's debt crisis by end of October. 

Earnings: 
NA.

Tuesday: 
Economic:  FOMC Minutes. 

Earnings PM: "Here we go again." Third Quarter reporting season lurches into action with Dow constituent and aluminum concern Alcoa (AA). Analysts expect Alcoa to produce $0.23 compared to year ago's $0.09. General sentiment going into earnings season is low with stocks attempting to price in impact of Europe's credit crisis, China's slowing growth and stateside double dip fears. As much, stage could be set for better-than-feared bargain-hunting.

Others: ADTRAN (ADTN), Linear Tech (LLTC) [unconfirmed].

Wednesday: 
Economic:  Weekly Mortgage Index, Weekly Crude.

Earnings: 
ASML (ASML), Infosys (INFY), Pepsi (PEP), Progressive (PGR), Host Hotels (HST).

Thursday: 
Economic:  Weekly Claims (406K vs. prior 401K), Trade Balance, Treasury Budget.

Earnings: 
Fairchild (FCS), Fastenal (FAST), JP Morgan (JPM), Lindsay (LNN), Safeway (SWY), Winnebago (WGO).

After Hours: Google (GOOG), JB Hunt (JBHT).

Friday: 
Economic: Retail Sales & ex Auto (0.6% & 0.3% vs. prior 0.0% & 0.1%), Import / Export, Michigan (60.0 vs. prior 59.4), Business Inventories (0.4%).

Earnings:
 Mattel (MAT).

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