« Take five for this GrowYourFunds reader feedback survey! | Main | 5 Stocks that should benefit from economic stimulus spending »

Jun15
Weekly Economic Data and Earnings Preview for June 16- June 20

Last week ended on a positive note with the large gains of Friday's session, but the week overall still had that negative bias to it. This week we get some economic data that will be very important to the market's near and long-term direction. There are also a few companies that will be reporting earnings that should be watched quite closely. earnings.jpg

Economic Data

Tuesday June 17th

  • Producer Price Index (PPI) This measures the price of goods at the wholesale level. As the market watches closely to what the Fed will do about inflation this number could move the market.
  • Housing Starts- This number is expected to be terrible, again. Will there be any inkling of an improvement?

Thursday June 19th

  • Initial Claims- Last week's claims number was not good news for the bulls, and with unemployment rising big last month, this number is very important.

Earnings Preview

Monday June 16th

  • Adobe Systems (Nasdaq:ADBE) Interestingly, this stock sits within 5 cents of its price from a year ago. The market expects 46 cents per share.

Tuesday June 17th

  • Goldman Sachs (NYSE:GS) This will certainly be the most important earnings report of the week for the overall market. The investment brokerages are under a microscope because of massive losses, but GS is the gold standard. How will they perform? The market expects $3.42 per share.
  • Best Buy (NYSE:BBY) Will the economic stimulus checks help a company like BBY? One would think that they certainly could. Analysts expect 37 cents per share. 

Wednesday June 18th

  • FedEx Corporation (NYSE:FDX) FDX is a company that has proven great leadership, but it is being hit hard by high oil prices. Can the company meet already lowered expectations of $1.47 per share?

Thursday June 19th

  • Circuit City (NYSE:CC) Circuit City has had some awful results in the past year and the stock has lost 74% during that time. The company is expected to lose $1.02.
  • Carnival Corporation (NYSE:CCL) Carnival has been hit hard by high fuel prices. The stock sits near a 52 week low. The earnings outlook for the coming quarters will be essential.

The news cycle of late has been decidedly negative with high oil prices, rising unemployment, and rising inflation combating the slowing economy. The Fed has basically said they are done cutting rates and will look to fight inflation and the boost the dollar. Will the economy be able to comeback without more help from the Fed? Only time will tell, but the market appears to be getting more negative by the day about its prospects.


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Take five for this GrowYourFunds reader feedback survey! | Main | 5 Stocks that should benefit from economic stimulus spending »

Advertise

Related Resources

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



GrowYourFunds is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb