Current Events: The U.S. stock indexes had a very strong week, successfully breaking out of a small downtrend which had been forming over the past few weeks. This aggressive move higher has all three major indexes challenging highs for the year.
What to Look for This Week
The employment report for April scheduled for release Friday morning certainly takes lead this week, though other key economic reports include consumer spending and the ISM manufacturing gauge.
News Affecting the Markets
After an impressive run to a record high near $1,900 an ounce in August of last year gold has tapered off quite a bit, but such a move could come around again should the U.S. Federal Reserve decide to change directions yet again.
An Alternative Investment: An alternative investment that most never even stop to consider is wine. Wine has certainly proved a fine investment over the last two decades with consistent improvement and rising value almost up to 19% per year. It is also a relatively low risk market to get into. Even when economies slump as we have witnessed in recent times, wine held its value more firmly than traditional investments that are known to swing wildly. Generally finer wines have been purchased frequently by the markets in America and much of Europe. Recently however there has been a sharp increase and rising demand from the rapidly growing economy of China. This trend will no doubt continue to increase over the long term and brings with it a fantastic opportunity for investors. Investing in wine means that you are buying an asset that emerges from a limited production base but at the same time needs to supply an ever growing demand. Where there is an increasing demand you know that prices are also increasing. Not only that, the value of wine also tends to rise as global consumption depletes existing stocks and this causes prices to rise even further. Wine is also a physical asset, which is generally exempt from duties and taxes, thus making it more than just a delightful beverage for savvy investors.
Earnings for the Week
Monday: Anadarko Petroleum Corp (APC) {After the close}, CapitalSource Inc (CSE) {After the close}, CBL & Associates Properties Inc (CBL) {After the close}, Cloud Peak Energy Inc (CLD) {After the close}, Comstock Resources Inc (CRK) {After the close}, Extra Space Storage Inc (EXR) {After the close}, Forest Oil Corp (FST) {After the close}, Herbalife Ltd (HFL) {After the close}, Humana Inc (HUM), Jacobs Engineering Group Inc (JEC) {After the close}, LDK Solar Co Ltd (LDK), Loews Corp (L), LyondellBasell Industries NV (LYB), Masco Corp (MAS) {After the close}, McKesson Corp (MCK) {After the close}, Mercury General Corp (MCY), NYSE Euronext (NYX), Partnerre Ltd (PRE) {After the close}, Patriot Coal Corp (PCX), Plum Creek Timber Company Inc (PCL) {After the close}, PMC-Sierra Inc (PMCS) {After the close}, Senior Housing Properties Trust (SNH), Shutterfly Inc (SFLY), Sohu.com Inc (SOHU), Southern Copper Corp (SCCO), Standard Pacific Corp (SPF) {After the close}, Tenneco Inc (TEN), UDR Inc (UDR), Veeco Instruments Inc (VECO) {After the close}, Waddell & Reed Financial Inc (WDR), Watson Pharmaceuticals Inc (WPI)
Tuesday: Agco Corp (AGCO), Arch Coal Inc (ACI), Archer Daniels Midland co (ADM), Automatic Data Processing Inc (ADP), Avon Products Inc (AVP), Becton Dickinson and Co (BDX), Boston Properties Inc (BXP) {After the close}, Broadcom Corp (BRCM) {After the close}, Cabot Corp (CBT) {After the close}, CBS Corp (CBS) {After the close}, Chesapeake Energy Corp (CHK) {After the close}, Con-way Inc (CNW) {After the close}, Cummins Inc (CMI), DaVita Inc (DVA) {After the close}, DDR Corp (DDR) {After the close}, Domino's Pizza Inc (DPZ), Ecolab Inc (ECL), Emerson Electric Co (EMR), EXCO Resources Inc (XCO) {After the close}, Genworth Financial Inc (GNW) {After the close}, Hospira Inc (HSP), Huntsman Corp (HUN, Jones Lang LaSalle Inc (JLL) {After the close}, Legg Mason Inc (LM), Marathon Petroleum Corp (MPC), Marsh & McLennan Companies Inc (MMC), Office Depot Inc (ODP), OpenTable Inc (OPEN) {After the close}, Pfizer Inc (PFE), Regal Entertainment Group (RGC) {After the close}, Sirius XM Radio Inc (SIR), Strategic Hotels and Resorts Inc (BEE) {After the close}, TECO Energy Inc (TE) {After the close}, TRW Automotive Holdings Corp (TRW), Unum Group (UNM) {After the close}, Valero Energy Corp (VLO)
Wednesday: Acme Packet Inc (APKT) {After the close}, Allergan Inc (AGN), Allstate Corp (ALL) {After the close}, Beazer Homes USA Inc (BZH) , Continental Resources Inc (CLR) {After the close}, Cooper Tire & Rubber Co (CTB), Corrections Corp Of America (CXW) {After the close}, CVS Caremark Corp (CVS), Devon Energy Corp (DVN), Edison International (EIX), Enterprise Products Partners LP (EPD), Franklin Resources Inc (BEN), Hertz Global Holdings Inc (HTX) {After the close}, IntercontinentalExchange Inc (ICE), Intrepid Potash Inc (IPI) {After the close}, Ion Geophysical Corp (IO), Jds Uniphase Corp (JDSU) {After the close}, Kimco Realty Corp (KIM) {After the close}, Lincoln National Corp (LNC) {After the close}, Marathon Oil Corp (MRO), MasterCard Inc (MA), Murphy Oil Corp (MUR), Parker Drilling Co (PKD), PG&E Corp (PCG), Pioneer Natural Resources Co (PXD) {After the close}, Plains Exploration & Production Co (PXP) {After the close}, Prudential Financial Inc (PRU) {After the close}, Public Service Enterprise Group Inc (PEG), Rowan Companies Inc (RDC), Sunoco Inc (SUN) {After the close}, Tesoro Corp (TSO) {After the close}, The Clorox Co (CLX), The Hartford Financial Services Group Inc (HIG) {After the close}, Time Warner Inc (TWX), Two Harbors Investment Corp (TWO) {After the close}, Visa Inc (V) {After the close}, Walter Energy Inc (WLT) {After the close}, Weight Watchers International Inc {After the close}, Wellcare Health Plans Inc (WCG), Whole Foods Market Inc (WFM) {After the close}, Yelp Inc (YELP) {After the close}, Youku Inc (YOKU)
Thursday: Alpha Natural Resources Inc (ANR), American International Group Inc (AIG) {After the close}, American Tower Corp (AMT), Apache Corp (APA), Apartment Investment and Management Co (AIV), Bill Barrett Corp (BBG), Boise Inc (BZ), Cablevision Systems Corp (CVC), Cardinal Health Inc (CAH), CareFusion Corp (CFN) {After the close}, CenterPoint Energy Inc (CNP), CF Industries Holdings Inc (CF) {After the close}, Cigna Corp (CI), Cimarex Energy Co (XEC), Corinthian Colleges Inc (COCO), Denbury Resources Inc (DNR), El Paso Corp (EP), Ensco PLC (ESV), Fluor Corp (FLR) {After the close}, General Motors Co (GM), Great Plains Energy Inc (GXP) {After the close}, HCA Holdings Inc (HCA), Health Net Inc (HNT), Kodiak Oil & Gas Corp (KOG) {After the close}, Kraft Foods Inc (KRT) {After the close}, Lear Corp (LEA), Lender Processing Services Inc (LPS), Manitowoc Co Inc (MTW) {After the close}, MDC Holdings Inc (MDC), MGM Resorts International (MGM), NRG Energy Inc (NRG), SandRidge Energy Inc (SD) {After the close}, Sealed Air Corp (SEE), Sempra Energy (SRE), Southwestern Energy Co (SWN) {After the close}, SunPower Corp (SPWR) {After the close}, Teradata Corp (TDC), Ultra Petroleum Corp (UPL)
Friday: AES Corp (AES), Ameren Corp (AEE), Aon PLC (AON), Duke Energy Corp (DUK), Estee Lauder Companies Inc (EL), Exelis Inc (XLS), Exelon Corp (EXC), ITT Corp (ITT), PPL Corp (PPL), Progressive Corp (PGR), Spectra Energy Corp (SE)
* Earnings dates and times are subject to change
Economic Data this Week
Monday
Personal Income @ 8:30 AM for March (Est. = 0.2% to 0.8%, Prior = 0.2%)
Personal Spending @ 8:30 AM for March (Est. = 0.5% to 0.8%, Prior = 0.8%)
PCE Prices @ 8:30 AM for March (Est. = 0.2%, Prior = 0.1%)
Chicago PMI @ 9:45 AM for April (Est. = 62.0, Prior = 62.2)
Tuesday
ISM Index @ 10:00 AM for April (Est. = 52.5 to 53.0, Prior = 53.4)
Construction Spending @ 10:00 AM for March (Est. = 0.5% to 0.8%, Prior = -1.1%)
Auto Sales @ 2:00 PM for April (Est. = 5.4M, Prior = 5.1M)
Truck Sales @ 2:00 PM for April (Est. = 5.7M, Prior = 5.7M)
Wednesday
MBA Mortgage Index @ 7:00 AM for 04/28 (Est. = N/A, Prior = -3.8%)
ADP Employment Change @ 8:15 AM for April (Est. = 170K, Prior = 209K)
Factory Orders @ 10:00 AM for March (Est. = -1.8% to -2.5%, Prior = 1.3%)
Crude Oil Inventories @ 10:30 AM for 4/28 (Est. = N/A, Prior = 3.978M)
Thursday
Initial Claims @ 8:30 AM for 04/28 (Est. = 375K, Prior = 388K)
Continuing Claims @ 8:30 AM for 04/21 (Est. = 3,300K, Prior = 3,315K)
ISM Services @ 10:00 AM for April (Est. = 55.5 to 56.5, Prior = 56.0)
Friday
Nonfarm Payroll @ 8:30 AM for April (Est. = 140K to 162K, Prior = 120K)
Unemployment Rate @ 8:30 AM for April (Est. = 8.2%, Prior = 8.2%)
Hourly Earnings @ 8:30 AM for April (Est. = 0.1% to 0.2%, Prior = 0.2%)
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