[RT] The week ahead

["Ira" <mrira@xxxxxxxxx>]

Last week about 20% of the S&P 500 companies reported earnings and about 78% of those reporting had better than expected earnings.  With that news and Obama's statements the market lost 500 points.  Thursday and Friday over 350 million shares of the SPY, S&P 500 ETF, traded.  Average daily volume varies between 100 million and 150 million. 

 

From the MSNBC web site and Cramers blog I got this list of companies that will report earnings this coming week.  I also did work on my blog, tradingone.wordpress.com , on the SPY, INDU, GDX, the dollar future DXH0, and SLV.  I think that this coming week could surprise some people.  There are two important questions that need to be answered.  One is will Bernanke be kept in his current position and two is when Geitner will leave.  The markets hate flux and that is what we have now after the administrations announcements and Brown winning in MA.

 

Apple [AAPL  197.75    -10.322  (-4.96%)   ] reports on Monday and unveils the much-anticipated tablet on Wednesday. The pattern with AAPL has been to sell into a product introduction and buy it back after. He thinks the pattern will repeats itself.

On Tuesday, Cramer is looking at Corning [GLW  18.56    -1.05  (-5.35%)   ] and EMC [EMC  16.76    -0.77  (-4.39%)   ] to give us an idea of demand for technology worldwide. Nucor [NUE  44.19    -1.50  (-3.28%)   ] and US Steel [X  55.00    -2.67  (-4.63%)   ] will tell us whether there's any infrastructure spending on the horizon and if China's dumping steel. And one of Cramer?s favorites, Johnson & Johnson [JNJ  63.20    -0.77  (-1.2%)   ] , reports, too.

Wednesday is heavy-industry day. Cramer will be watching Boeing [BA  57.77    -1.43  (-2.42%)   ] to see if the company is ready to ship the Dreamliner en masse. Cramer is also keeping an eye on Caterpillar [CAT  54.25    -2.60  (-4.57%)   ] to see if there has been any pickup in U.S. machinery sales or any slowdown in Asia.

For Thursday, 3M [MMM  81.48    -1.22  (-1.48%)   ] also will teach us about Asian demand, since it gets so much of its business from that part of the world. AT&T [T  25.39    -0.28  (-1.09%)   ] will be reporting, providing an update on its price war with Verizon Communications [VZ  30.34    -0.29  (-0.95%)   ] . And Colgate-Palmolive [CL  80.71    1.64  (+2.07%)   ] and Procter & Gamble [PG  60.31    0.47  (+0.79%)   ] will tell us who is doing better selling toothpaste and deodorant (Cramer thinks it?s PG).

Finally, after the close Thursday, Amazon.com [AMZN  121.43    -5.19  (-4.1%)  

Ira

__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___