Market Update-Earnings Season Ending Soon. Lange Financial Services Comments. Market Radar.

[ 0 ] April 24, 2011 |

LANGE FINANCIAL SERVICES.  MARKET UPDATE  SUNDAY APRIL 24, 2011.  7:00PM

This week, 186 companies in the S&P Index of 500 companies will report their quarterly earnings.  This will mark the end of this very profitable earnings period.  Last year, the market peaked on April26th, followed by a three-month Consolidation/Correction period into July/August 2010. From that time, we have issued repeated bullish market comments and specific stocks we believed attractive in the subsequent nine months.

At this juncture, while a pullback of 3% to 5% is a realistic expectation, we do not believe that any major overall correction is at hand.  The S&P 500 is only selling at approximately 12 times our 2012 forecast of $110, a valuation that is historically low.  Valuations have reached as high as an unrealistic 25 times earnings. Our longstanding investment policy is to accumulate strong and growing companies during periods of weakness.  See “Favored Stocks” by clicking here.

We view a pullback as healthy and remain bullish overall. We are selectively positive on companies with a strong earnings outlook.

 

MARKET RADAR FOR THE WEEK OF APRIL 25,2011

 

There are two important things to look for this week, in addition to a large amount of earnings releases.

The first will be the FOMC rate decision on Wednesday. The biggest question is what will happen when QE2 ends?

Secondly, on Thursday the GDP number will be released. Since the Japanese earthquake, most major economist have downgraded their GDP numbers.

From a micro level it’s still earnings season. Some names to watch next week are Netflix (NFLX), Proctor and Gamble (PG), Amazon (AMZN), Baidu (BIDU), and Caterpillar(CAT).


Monday, April 25

US Economics

10:00 New Home Sales

Global Economic Data

Australia Conference Board Leading Index

Earnings

Before: ABFS, BEAV, CYOU, CBE, KMB, POP, SOHU

After: AAN, AFOB, CHE, ELX, ESRX, JJSF, JEC, MAS, NFLX,

Tuesday, April 26

US Economics

09:00 Case-Shiller 20 City Index
10:00 Consumer Confidence

Global Economic Data

New Zealand Business Confidence
Australia Consumer Price Index
China Industrial Profits
Swiss Trade Balance
Swiss UBS Consumption Indicator

Earnings

Before: MMM, AGCO, ACI, CPLA, COH, KO, CMI, DAL, F, HSY, ITW, LMT, MHP, ODP, RYN, SPAR, TLAB, X, UA, UPS, LCC, VLO, WTI, WAT

After: APKT, AMZN, BRCM, BWLD, CBG, FTI, FORM, HTZ, LMN, IRBT, NBR, PNRA, RFMD, SIMG, SSC, SWK, VSI

Wednesday, April 27

US Economics

07:00 MBA Mortgage Purchase Index
08:30 Durable Orders
08:30 Durable Orders ex Transportation
10:30 Crude Oil Inventories
02:15 FOMC Rate Decision

Global Economic Data

German CPI
Great Britain Nationwide House Prices
German Consumer Confidence
Great Britain GDP
Euro-Zone Industrial New Orders
New Zealand Rate Decision
Japan Household Spending
Tokyo CPI
Japan Industrial Production

Earnings

Before: ATI, AVY, ABX, BA, BP, EAT, CIT, COP, GLW, DPS, ENR, EXC, GD, HES, LCRY, MSO, NOV, EDU, OSTK, PFCB, SVVS, SO, WHR, WLP

After: AFL, AKAM, BIDU, COG, CTXS, SCOR, EBAY, EFX, EQIX, DAVE, FLS, KONA, LOGM, MORN, OTEX, RA, SFLY, SKX, SBUX, WLL

Thursday, April 28

US Economics

08:30 Initial Claims
08:30 Continuing Claims
08:30 GDP-Adv
08:30 GDP Deflator
08:30 Initial Claims
10:00 Pending Home Sales

Global Econ Data

Bank of Japan Target Rate
Japan Housing Starts
German Employment Change
New Zealand Trade Balance

Earnings

Before: AET, AM, ABC, APA, BWA, BCO, BMY, CELG, CME, CCE, CL, XOM, GWR, GIGM, HS, IMAX, ITG, KBR, MHS, BABY, OXY, OMX, OSK, PEP, POT, PG, PHM, RTN, RS, RIMG, SWY, S, STRA, TRI, TWC, TYC, VIA.B, WM, WATC, ZMH
After: AEM, ALGT, ATHN, CELL, CLF, DECK, DLB, EXPE, MSFT, MPWR, MWW, OCLR, PMCS, QDEL, SWKS, VRSN, VPRT

Friday, April 29

US Economics

08:30 Personal Income
08:30 Personal Spending
08:30 PCE Prices-Core
08:30 Employment Cost Index
09:45 Chicago PMI
09:55 Michigan Sentiment

Global Econ Data

Euro-Zone CPI
Euro-Zone Consumer Confidence
Euro-Zone Unemployment Rate
Canada GDP

Earnings

Before: AGP, CAT, DHI, GT, LEA, MRK, NWL, OFG, PPC, RUTH, VFC, WY

Share

Tags: , , , ,

Category: Markets and Trading, Random Comments, Technology, Uncategorized