Menu
Three Breast Woman Jasmine Tridevil is a Hoax

Three Breast Woman Jasmine Tridevil is a Hoax

iPhone 6 Plus Has Not the Best Smartphone Screen

iPhone 6 Plus Has Not the Best Smartphone Screen

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Week Ahead: Fasten Seatbelts For Earnings, Indicators & Budget Fight

Jan 12 2014, 7:06pm CST | by , in News

Week Ahead: Fasten Seatbelts For Earnings, Indicators & Budget Fight
Photo Credit: Forbes
 
 

Stock markets shrugged off Friday’s confusingly low U.S. job creation numbers – so let’s see how they cope with an onslaught of news this coming week in the shape of big company earnings, economic indicators, Federal Reserve speeches and ongoing theater in Washington over a budget.

Big U.S. shares gained roughly 30 percent in 2013, and stocks made trillions of dollars for investors around the world, but some skeptics now expect a correction some time this year and desperately want to know what the trigger for that correction might be.

Bob Doll, chief equity strategist at Nuveen Asset Management, has predicted a 10% correction for stocks at some stage this year.

Doll told investors: “Expectations of high single digit or low double digit gains are not unreasonable (for 2014), but we also think a noticeable pullback is likely to be caused by overbought and deteriorating technical conditions. We would use corrections as buying opportunities since most fundamentals continue to improve.”

Many large companies will report earnings this coming week, including Intel, Goldman Sachs, JPMorgan Chase, Bank of America, General Electric, BlackRock, Citigroup, Taiwan Semiconductors, UnitedHealth, American Express,  Morgan Stanley and Schlumberger.

As if that weren’t enough for investors to digest, big economic indicators out this coming week will include a read on retail sales, consumer prices, housing starts, weekly jobless claims and industrial production.

This week also sees details from the so-called Beige Book, a report from local Federal Reserve Banks that gives anecdotal information on current economic conditions in their districts.

Further, Federal Reserve officials, including outgoing chairman Ben Bernanke, will speak in public. Investors will watch for any clues on the pace of the Fed’s “taper” or reduction in its unconventional monthly bond-buying stimulus program.

Fasten your seatbelts for what just might be a choppy ride.

Monday could bring updates on final negotiations in Washington over a Federal Government budget deal to avoid a shutdown of the Government on January 15, and also a speech by Atlanta Fed President Dennis Lockhart.

On Tuesday, earnings are expected from JPMorgan Chase and Wells Fargo and retail sales and business inventories numbers are scheduled to be released. Philadelphia Fed President Charles Plosser and Dallas Fed President Richard Fisher are expected to give speeches.

On Wednesday, Bank of America will provide the big earnings news, economic data will come from the U.S. Producer Price Index and the Fed’s regional “Beige Book,” and speeches are expected from Chicago Fed President Charles Evans and the Atlanta Fed’s Dennis Lockhart.

Thursday brings the busiest earnings day with results from a slew of companies including BlackRock, Citigroup, Goldman Sachs, Taiwan Semiconductors, UnitedHealth, BB&T, Charles Schwab, First Republic Bank, American Express, Intel, PNC Financial, Capital One and Sallie Mae.

Thursday also sees a speech at the Brookings Institution by Fed Chairman Ben Bernanke and San Francisco Fed President John Williams also speaks in public.

Thursday’s economic indicators are expected to include the U.S. Consumer Price Index and weekly jobless claims.

Friday should provide a read on housing starts, industrial production, a preliminary reading on U.S. consumer sentiment from the Thomson Reuters/University of Michigan Surveys of Consumers, and a speech by Richmond Fed President Jeffrey Lacker.

General Electric, Morgan Stanley, Schlumberger and Bank of NY Mellon will provide Friday’s earnings news.

Source: Forbes

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Virigina Tech Football Struggling with Penalties
Virigina Tech Football Struggling with Penalties
The Virigina Tech Hokies -- who have been struggling with penalties in recent games -- are looking to rebound after two consecutive losses which brought their record down to 2-2. They will face the Western Michigan Broncos at home on Sept. 27.
 
 
Jim Harbaugh Hopes to Revive Struggling San Francisco 49ers
Jim Harbaugh Hopes to Revive Struggling San Francisco 49ers
San Francisco 49ers head coach Jim Harbaugh hopes to revive his struggling team after it suffered its second loss in three outings on Sept. 21 at the hands of its NFC West rivals, the Arizona Cardinals.
 
 
Final Fantasy XIII Comes to PC In October
Final Fantasy XIII Comes to PC In October
Square Enix Announces All Three Titles Will Cross Platforms
 
 
Lauren Silverman and Simon Cowell Celebrate His 55th B-Day
Lauren Silverman and Simon Cowell Celebrate His 55th B-Day
The couple takes a night off to celebrate in London.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.