You are here:clubtool>Investing>

Earnings Preview For Sep 8-12

There really isn't much on the financial calendar to move stocks in either direction. Fewer than 20 companies are scheduled to report. The only S no changes in rates are expected. Friday, Sep 19 is a quadruple-witching day, meaning the expiration of

Advertisement

There really isn't much on the financial calendar to move stocks in either direction.

Fewer than 20 companies are scheduled to report. The only S&P 500 member on the calendar is Campbell Soup (CPB).


Upcoming economic data will include August retail sales and preliminary September consumer confidence numbers.

Given the lackluster August numbers recently given by retailers, I'm not expecting either report to be particularly optimistic.

The week's economic schedule includes:

* Monday: July consumer credit
* Tuesday: July pending home sales, July wholesale inventories
* Wednesday: Weekly crude inventories
* Thursday: July trade deficit, August import and export prices, weekly initial jobless claims
* Friday: August Producer Price Index, August retail sales, preliminary September University of Michigan consumer sentiment, July business inventories

The Federal Reserve's website does not list any upcoming speeches.

The weather remains a wildcard with Hurricane Ike heading towards the Bahamas. If the storm should pass into the Gulf of Mexico, oil futures could be volatile.

Barring an unscheduled event, volume should be modest as traders await the third week of September. Goldman

Sachs (GS) will announce earnings on the morning of Sep 16. Fellow brokerage firms Lehman Brothers (LEH) and Morgan Stanley (MS) should also report, though we have not confirmed dates for either of them.

The Fed will hold a one-day meeting on Tuesday, Sep 16; no changes in rates are expected.

Friday, Sep 19 is a quadruple-witching day, meaning the expiration of options and futures contracts. Quadruple-witching day can bring added volatility.

Companies That Could Issue Positive Earnings Surprises during the Week of Sep 8 - 12

Earnings estimate revisions are not signaling a probability of positive, or negative, surprises from any of the companies scheduled to report.

By: Charles Rotblut

Article Directory: http://www.articledashboard.com

Charles Rotblut is the Vice President of Web Content for Zacks Investment Research and the Senior Market Analyst for Zacks.com. He oversees the editorial staff, manages the market-beating Focus List, Timely Buys and Top 10 portfolios, and plays an instrumental role in the development of new products. For more information, visit www.zacks.com

Reader Comments
 

Plan For The Future With A Farmland Investment

If you are an investor who is looking for a solid investment opportunity, you might want to consider looking into a investment in lands in Canada and

Penalty Free Ira Withdrawals!

When the Individual Retirement Account was created in 1974 (by the Employee Retirement Income Security Act, or ERISA), it was designed to be a tool fo

Tips On How To Buy A Derelict Property For Investment

For many property investors, a derelict home or a rundown residence can be a good below market value investment. Although they are no longer the beaut

How To Begin Investing Money

Investment money is something that should be advised whether you maturate yourself with a nest egg, or if you asking to put both of your earnings to c

Eqlibrium New Code Word For Good Investments

Investments these days are still what we all need to protect our financial futures. No matter the good days or bad in the stock market, it's best to g

Financial Times Backs Morocco For Investment

An article in The Financial Times by Heba Saleh recently recognised that Morocco's economy is remarkably immune from the economic challenges facing ma