Weekly Review:
Last week, like the week before it, was pure carnage. Selling was heavy and volume was high despite the markets getting some pretty good newsflow. The dip-buyers are still MIA.
Weekly Preview:
Earnings will start to slow, as most of the big names are out of the way. We're pretty oversold, and I think we're due for a relief bounce to the upside, a bounce which I view as an opportunity to establish some trading shorts. There are a lot more good short setups out there now, but they still need a bit of a bounce to allow a lower-risk entry.
Earnings season keeps going this week. Here's a breakdown of the ones I'm watching day by day. Note that when I say, "For [blank] morning," I mean the stock reports earnings either after the close the previous day or before the open on that day.
Monday: EEP, ACV, CYOU, GCI, HEW, HUM, NI, SOHU, SYY,
Tuesday: APC, PCL, RCII, TUP, ADS, AMB, AMSC, AXE, ADM, ADP, BEAV, CMI, DHI, EMR, ETR, NRGY, LXK, MAN, MPEL, MTU, SEED, PCX, PNR, PBG, PRGO, PXD, RDWR, SU, DOW, HSY, PTRY, SMG, TKR, TNB, TDW, UPS, UTI, WHR, WEC
Wednesday: ACE, AFL, AMX, AJG, CHRW, CTRP, FISV, SOLR, IRF, JDSU, MTW, MEE, MET, MIL, MWA, NETL, NWS, QSFT, RSYS, RVBD, SGI, TSO, TRMB, VRSN, AKAM, ALVR, ASCA, AOL, ARW, BDK, CKSW, CNQR, DBD, HW, HNT, HMC, IP, ITG, ITT, LAZ, MHO, MMP, WFR, NOV, NVLS, LIIM, PFE, RL, POWL, R, SGU, BCO, TMO, TWX, TM, TZOO, WU, WWW,
Thursday: NDN, ACTS, ALEX, AMP, AIZ, ATW, AVB, BBBB, CELL, BRS, BRCM, CBG, CSCO, CYTK, DLB, DCP, EFX, EQR, KIM, MWW, NBIX, OPNT, SPTN, STLD, THQI, TGI, V, WLT, YUM, ACTI, ALKS, AGN, ATK, AIPC, AVP, STD, BCE, BDC, BCRX, BG, BKC, CME, CI, CINF, CLX, DB, DO, ELNK, ENS, FALC, GSK, HIT, HSP, K, LZ, MA, MCO, MWIV, NCR, NOC, NUS, OPWV, PENN, PBI, POL, RAI, SLE, SFLY, SNA, SNE, SE, SPR, HOT, TEN, TBL, UL, WBC,
Friday: ARAY, ACTL, BEZ, BEBE, BBND, BAP, FMC, ILMN, IN, MTD, MCHP, MPWR, NFG, N, OPXT, PKI, PWAV, RAH, SLH, SUN, TSYS, AET, AYE, AXL, AIV, BZH, BPO, BRKS, BPL, XIDE, LEA, MDC, NTT, PC, PPL, SPG, SEP, SYT, TE, TSN, GROW, WY,
Monday: BWP, CVS, HAR, HAS, HS, L, LO, MCY, NTE, GOLD,
For a preview of this week's major economic announcements, I'll send you here. Michael McDonough does a better job of summing this stuff up than I could. Since this is a stock-picking blog versus an economics blog, I typically won't talk about this kind of stuff. Also, for a better preview of the week's market-related events, I'd recommend going here. TheStreet.com typically has a good weekly preview article for more stock-related events.
Position: None
Disclaimer: This is not a recommendation and is presented for informational purposes only.
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