Wednesday, November 21, 2012

Weekly Newsletter November 18th - November 24th

Current Events: A sudden increase in confidence that the White House and Congress will eventually reach a U.S. budget deal has helped the financial markets snap out of a lasting negative trend.

What to Look for This Week

The U.S. financial markets will likely see trading volume fade as the Thanksgiving Day holiday approaches. However, any insights or updates on the likelihood of a fiscal cliff occurring will instantly pour in heavy trading.

News Affecting the Markets

Bullish news from the National Association of Home Builders index helped continue the U.S. markets rally on Monday as builder confidence increased in November to a six year peak.

Smart Investing

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Earnings for the Week

Monday: Agilent Technologies Inc (A) {after the close}, Brocade Communications Systems Inc (BRCD) {after the close}, Lowe's Companies Inc (LOW), Tyson Foods Inc (TSN), Urban Outfitters Inc (URBN) {after the close}

Tuesday: Campbell Soup Co (CPB), Chico's FAS Inc (CHS), Eaton Vance Corp (EV), H.J. Heinz Co (HNZ), Hewlett-Packard Co (HPQ), Medtronic Inc (MDT), Salesforce.com Inc (CRM), Trina Solar Ltd (TSL), Zale Corp (ZLC) {after the close}

Wednesday: Deere & Co (DE)

Thursday: No major announcements scheduled.

Friday: No major announcements scheduled.
* Earnings dates and times are subject to change

Economic Data this Week

Monday
Existing Home Sales @ 10:00 AM for October (Act. = 4.79M, Est. = 4.50M to 4.70M, Prior = 4.70M)
NAHB Housing Market Index @ 10:00 AM for November (Act. = 46, Est. = 42, Prior = 41)

Tuesday
Housing Starts @ 8:30 AM for October (Est. = 815K to 840K, Prior = 872K)
Building Permits @ 8:30 AM for October (Est. = 870K to 900K, Prior = 894K)

Wednesday
MBA Mortgage Index @ 7:00 AM for 11/17 (Est. = n/a, Prior = 12.6%)
Initial Claims @ 8:30 AM for 11/17 (Est. = 423K to 435K, Prior = 439K)
Continuing Claims @ 8:30 AM for 11/07 (Est. = 3400K, Prior = 3334K)
Michigan Sentiment @ 9:55 AM for November (Est. = 84.0 to 84.5, Prior = 84.9)
Leading Indicators @ 10:00 AM for October (Est. = 0.1% to 0.2%, Prior = 0.6%)
Crude Oil Inventories @ 10:30 AM for 11/17 (Est. = n/a, Prior = 1.089M)

Thursday
No scheduled announcements.

Friday
No scheduled announcements.

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