Tuesday, November 6, 2012

Weekly Newsletter November 4th - November 10th

Current Events: The market's spike on Thursday provided little relief to the slowly sliding U.S. indexes. Investors have patiently waited for Election Day which will aid in the forecasting of directions to be taken by the government, as well as businesses, over the next four years.

What to Look for This Week

As states across the northeastern coastline slowly recover from the devastating effects of Hurricane Sandy, volatility in the commodity markets such as crude oil and gold is expected to continue. While there is a heavy dose of earnings to be reported this week from retail giants, such as Nordstrom, J.C. Penney, and Kohl's, the U.S. presidential election will undoubtedly still the show.

News Affecting the Markets

The debt-laden country of Greece may be forced out of the euro zone warns Greek prime minister if the country's parliament does not proceed with a new round of austerity measures. The critical vote is scheduled for Wednesday. Greece must approve its 2013 budget to receive aid from the European Union and the International Monetary Fund, along with a package involving severe spending cuts and tax hikes totaling 13 billion euro.

Smart Investing

The Importance of Forecasting: Whatever the reason one has for trading in the futures and commodities, or the stock markets, everyone can agree that in order to trade profitably you must buy low and sell high, or sell high and then buy back low. It is a straightforward reality that deserves no debate. Forecasting the futures and commodity, and stock markets has much to do with simply determining when the market is 'most likely' to move in the anticipated direction. Anyone who uses any form of technical or fundamental analysis to make a determination of direction or market timing is in fact involved in a work of forecasting. Call it what you want, but if you are worth your salt as a trader you need to plan your entry and plan your exit. You need to decide, ahead of time, what the market is likely to do and what you are going to do. In addition, you need to plan on what you are going to do if the market does not do what you planned. But that is a different subject altogether.

Earnings for the Week

Monday: CF Industries Holdings Inc (CF), Consolidated Edison Inc (ED), Entergy Corp (ETR), EOG Resources Inc (EOG) {after the close}, Fidelity National Financial Inc (FNF) {after the close}, Fidelity National Information Services Inc (FIS) {after the close}, Health Net Inc (HNT), Humana Inc (HUM), LeapFrog Enterprises Inc (LF) {after the close}, McDermott International Inc (MDR) {after the close}, Rockwell Automation Inc (ROK), Southern Co (SO), Transocean Ltd (RIG), Walter Energy Inc (WLT) {after the close}, Weight Watchers International Inc (WTW) {after the close}, XL Group PLC (XL) {after the close}, Zillow Inc (Z) {after the close}

Tuesday: AOL Inc (AOL), Arena Pharmaceuticals Inc (ARNA) {after the close}, Cablevision Systems Corp (CVC), Computer Sciences Corp (CSC), CVS Caremark Corp (CVS), Directv (DTV), DISH Network Corp (DISH), Emerson Electric Co (EMR), Marathon Oil Corp (MRO), Marsh & McLennan Companies Inc (MMC), Medicis Pharmaceutical Corp (MRX), Office Depot Inc (ODP), OfficeMax Inc (OMX), Quicksilver Resources Inc (KWK), StemCells Inc (STEM){after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close}, {after the close},

Wednesday: Becton Dickinson and Co (BDX), Devon Energy Corp (DVN), Dillard's Inc (DDS), Energy Transfer Partners LP (ETP), Macy's Inc (M), MBIA Inc (MBI) {after the close}, Molson Coors Brewing Co (TAP), Prudential Financial Inc (PRU) {after the close}, Sodastream International Ltd (SODA) {after the close}, Strategic Hotels and Resorts Inc (BEE) {after the close}, Time Warner Inc (TWX), Titanium Metals Corp (TIE), WellPoint Inc (WLP)

Thursday: Advance Auto Parts Inc (AAP), Assured Guaranty Ltd (AGO) {after the close}, Dean Foods Co (DF), Duke Energy Corp (DUK), Firstenergy Corp (FE), International Game Technology (IGT) {after the close}, Kohl's Corp (KSS), Monster Worldwide Inc (MWW), Nordstrom Inc (JWN) {after the close}, PPL Corp (PPL), Sotheby's (BID), The Wendy's Co (WEN), Walt Disney Co (DIS) {after the close}, Windstream Corp (WIN)

Friday: Covidien PLC (COV) {after the close}, J C Penney Company Inc (JCP), MGIC Investment Corp (MTG)
* Earnings dates and times are subject to change

Economic Data this Week

Monday
ISM Services @ 10:00 AM for October (Actual = 54.2, Est. = 54.5 to 55.0, Prior = 55.1)

Tuesday
No scheduled announcements.

Wednesday
MBA Mortgage Index @ 7:00 AM for 11/03 (Est. = n/a, Prior = -4.8%)
Crude Oil Inventories @ 10:30 AM for 11/03 (Est. = n/a, Prior = -2.045M)
Consumer Credit @ 3:00 PM for September (Est. = $10.0B to $10.6B, Prior = $18.1B)

Thursday
Initial Claims @ 8:30 AM for 11/03 (Est. = 370K, Prior = 363K)
Continuing Claims @ 8:30 AM for 10/27 (Est. = 3250K, Prior = 3263K)

Friday
Michigan Sentiment @ 9:55 AM for November (Est. = 83.0 to 83.5, Prior = 82.6)
Wholesale Inventories @ 10:00 AM for September (Est. = 0.4% to 0.7%, Prior = 0.5%)

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