Saturday, January 24, 2009

A Few Important Dates

I hope everyone is enjoying their weekend! I just wanted to post a few important dates that are coming up which should move the markets. These is for the week of Jan 26th-30th.

On Monday we will see existing home sales figures. McDonalds, Caterpillar, Tyson Foods, and Kimberly-Clark all report earnings before the bell. Texas Instruments and Amgen both report earnings after the bell.

On Tuesday we will have the consumer confidence number out. Dupont, Verizon, AK Steel, Peabody Energy, EMC, Badger Meter, US Steel, Nucor, and Valero Energy all report earnings before the bell. Yahoo, Sun Microsystems, Gilead Sciences, and Norfolk Southern all report earnings after the bell.

On Wednesday we have the Federal Reserve rate decision and the mortgage applications number from the Mortgage Bankers Association. Pfizer, Boeing, ConocoPhillips, AT&T, Wells Fargo, Hess, and the New York Times report earnings before the bell. Starbucks, Qualcomm, Boston Scientific, Boston Properties, and Ameriprise Financial all report earnings after the bell.

On Thursday we will have durable goods numbers and new home sales. 3M Company, Altria, Fortune Brands, Auto Nation, Celgene, Starwood Hotels, Eli Lilly, AstraZeneca, Colgate-Palmolive, Occidental Petroleum, Wyeth, International Paper, Raytheon, and Sony all reporting earnings before the bell. Amazon and Monster report after the bell.

Finally on Friday, we have University of Michigan's Consumer Confidence Index. Proctor and Gamble, Honywell, Cheveron, Simon Property, and Gannett all report earnings before the bell. Exxon Mobile reports earnings mid-day.

These earnings will be horrible, and end up sinking the market next week. We should re-test, if not break the previous November and October Lows we had. It is not a good idea to invest in the market next week, wait for the new low in the market to come where you can find better bargains.

Also very IMPORTANT: On FEB 6TH unemployment numbers for the month of January come out.

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