Monday, March 11, 2013

Weekly Newsletter March 10th - March 16th

Current Events:  Last week the U.S. markets recorded another very strong week in which new highs and new levels were hit. This week will shed light on the consumer pulse with various retails sales data scheduled for announcement. Such data will provide key insight on whether consumers are content enough with current stock and housing prices to confidently open up their wallets in ways not seen since 2008.

What to Look for This Week

A handful of retailers, including Aeropostale and Dick's Sporting Goods, are the majority of what is left to report earnings this quarter. Though it is a light weak from an earnings perspective, investors will be very interested how the week unfolds as record-breaking market highs are on the line each day.

News Affecting the Markets

Infamous economist Nouriel Roubini, credited for predicting the global financial crisis in 2006, has once again publicly predicted a market correction. According to Roubini, higher taxes and spending cuts will hinder U.S. economic growth this year leading to major market correction in the second half of 2013.
Smart Investing

Short-term vs. Long-term:  In a statement attributed to Warren Buffett, he describes the stock market as a voting machine in the short term and a weighing machine in the long term. So in the immediate term, the machine just makes a whole lot of noise. Most of the time, you should not really pay attention to stock prices. Over the long run, though, the price of a stock does get established. So you want to keep your eye on the stock for a much longer period of time. Great products and terrific sales precede great company reports. But since earnings reports are only done quarterly, most investors wait for the reports and then buy or sell the shares of the company. Smart investors watch what consumers buy, and then jump in during that lag time before the reports are released. Over the long run, one thing is certain: Good companies produce good products. And if those companies are run well and their products are bought and enjoyed by consumers, their stock prices will go up. So keep an eye out for great companies with terrific products and you're going to find a few winners.

Earnings for the Week

Monday: Dick's Sporting Goods Inc (DKS)

Tuesday:  No major announcements.

Wednesday: GUESS? Inc (GES), Men's Wearhouse Inc (MW) {After the Close}

Thursday:  Aeropostale Inc (ARO), Ulta Salon Cosmetics and Fragrance Inc (ULTA) {After the Close}

Friday:  No major announcements.

* Earnings dates and times are subject to change

 Economic Data this Week

 Monday
No announcements scheduled.

Tuesday
Treasury Budget @ 2:00 PM for February (Est. = -$205.0B, Prior = -$237.7B)

Wednesday
MBA Mortgage Index @ 7:00 AM for 03/09 (Est. = n/a, Prior = 14.8%)
Retail Sales @ 8:30 AM for February (Est. = 0.2% to 0.5%, Prior = 0.1%)

Business Inventories @ 10:00 AM for January (Est. = 0.4% to 0.6%, Prior = 0.1%)
Crude Inventories @ 10:30 AM for 03/09 (Est. = n/a, Prior = 3.833M)

Thursday
Initial Claims @ 8:30 AM for 03/09 (Est. = 350K, Prior = 340K)
Continuing Claims @ 8:30 AM for 03/02 (Est. = 3100K to 3103K, Prior = 3094K)
PPI @ 8:30 AM for February (Est. = 0.7% to 0.8%, Prior = 0.2%)
Natural Gas Inventories @ 10:30 AM for 03/09 (Est. = n/a, Prior = -146)

Friday
CPI @ 8:30 AM for February (Est. = 0.5% to 0.6%, Prior = 0.0%)
Empire Manufacturing @ 8:30 AM for March (Est. = 5.0 to 6.5, Prior = 10.0)
Michigan Sentiment @ 9:55 AM for March (Est. = 77.8 to 79.0, Prior = 77.6)

8 comments:

  1. It was very useful for me. Keep sharing such ideas in the future as well. This was actually what I was looking for, and I am glad to came here! Thanks for sharing
    such informative post.

    ReplyDelete
  2. Thanks for sharing. I hope it will be helpful for too many people that are searching for this topic. Keep posting and keep this forum a great place to learn things.

    ReplyDelete
  3. Hi, Really great effort. Everyone should read this article. Thanks for sharing.

    ReplyDelete
  4. What you're saying is completely true. I know that everybody must say the same thing, but I just think that you put it in a way that everyone can understand. I also love the images you put in here. They fit so well with what you're trying to say. I'm sure you'll reach so many people with what you've got to say

    ReplyDelete
  5. It was very useful for me. Keep sharing such ideas in the future as well. This was actually what I was looking for, and I am glad to came here! Thanks for sharing the such information with us.

    ReplyDelete
  6. What you're saying is completely true. I know that everybody must say the same thing, but I just think that you put it in a way that everyone can understand. I'm sure you'll reach so many people with what you've got to say.

    ReplyDelete
  7. Amazing blog and very interesting stuff you got here! I definitely learned a lot from reading through some of your earlier posts as well and decided to drop a comment on this one!

    ReplyDelete
  8. Great article, Thanks for your great information, the content is quiet interesting. I will be waiting for your next post.

    ReplyDelete