Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek


Filed under: News


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

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


Full Story

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

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


iPad Air Giveaway. Win a free iPad Air.

You Might Also Like


Sponsored Update

Update: 1

Centurion Corp acquires Penang land to develop workers dorm

Source: The Edge Singapore

Centurion Corporation said it has agreed to acquire a piece of land located at Seberang Perai Selatan in Penang, Malaysia, for RM6.3 million ($2.45 million). This marks the group’s first acquisition in another state of Malaysia outside of Johor. Read mo ...
Source: The Edge Singapore   Full article at: The Edge Singapore Aug 12 2014, 9:21am CDT


More From the Web

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.




blog comments powered by Disqus

Latest stories

Sara Bareilles to lend Tribute to Robin Williams
Sara Bareilles to lend Tribute to Robin Williams
Sara Bareilles is to lend tribute to the late Robin Williams at Emmys 2014.
LG L Fino and L Bello launching at IFA next month
LG L Fino and L Bello launching at IFA next month
LG is specifically targeting teenagers and first-time phone owners residing in areas with growing 3G technologies, particularly in Latin America, Europe, and Asia.
Kevin Durant Offered $265M-$285M Deal by Under Armour
Kevin Durant Offered $265M-$285M Deal by Under Armour
Sports apparel giant Under Armour has reportedly dangled a 10-year endorsement deal for 2013-14 NBA MVP Kevin Durant believed to be worth between $265 million and $285 million, per ESPN.
Breaking Bad Stars are in Emmys Promo Video
Breaking Bad Stars are in Emmys Promo Video
Two of the stars on the television show Breaking Bad are acting in an Emmys promo video. 'Barely Legal Pawn' is quite a funny video and made many an individual laugh his head off.

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.