Weekly Market Newsletter, April 13, 2009
The Week Ahead: Investor anxiety continues to ease on reports such as the profit numbers from Wells Fargo and a shrinking trade deficit by 28%. Markets will look at the Producer Price Index, retail sales, business inventories, and consumer confidence on Monday. Tax day on Wednesday brings the CPI, industrial production, and mortgage applications. The housing starts, building permits, and jobless claims data are due Thursday. Friday, the University of Michigan's Consumer Confidence report is released.
Stocks to Watch: Many important earnings releases are due during the week from different sectors of the economy starting Tuesday with Goldman Sachs (GS), Johnson & Johnson (JNJ), and Intel (INTC). On Wednesday, Abbott Labs (ABT) and Biogen Idec (BIIB) are due along with AMR Corp. (AMR). Thursday brings reports from J.P. Morgan Chase (JPM) and Google (GOOG). The week will end with two important reports from General Electric (GE) AND CitiGroup (C ).
Special Note: During the markets fifth straight week up, much focus was brought to the attention of what billionaire investor/tycoon George Soros warned was a Bear Market Rally. In particular was that people misunderstand that something profound has happened to the financial system which does not happen often and that is its collapse. Therefore, the economy has not yet turned the corner to begin a recovery and underlying fundamentals are too fragile to be relied upon under current economic conditions.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
Click Here To Open An Account.
NobleTrading Direct Access Trading
Stocks to Watch: Many important earnings releases are due during the week from different sectors of the economy starting Tuesday with Goldman Sachs (GS), Johnson & Johnson (JNJ), and Intel (INTC). On Wednesday, Abbott Labs (ABT) and Biogen Idec (BIIB) are due along with AMR Corp. (AMR). Thursday brings reports from J.P. Morgan Chase (JPM) and Google (GOOG). The week will end with two important reports from General Electric (GE) AND CitiGroup (C ).
Special Note: During the markets fifth straight week up, much focus was brought to the attention of what billionaire investor/tycoon George Soros warned was a Bear Market Rally. In particular was that people misunderstand that something profound has happened to the financial system which does not happen often and that is its collapse. Therefore, the economy has not yet turned the corner to begin a recovery and underlying fundamentals are too fragile to be relied upon under current economic conditions.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
Click Here To Open An Account.
NobleTrading Direct Access Trading
posted by Daniel Pipitone at
9:32 AM
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