Week Ahead Market Report: August 16, 2010 Monday, August 16, 12:55 PM ET
U.S. stock futures signal a negative opening on Monday. Retail earnings take center stage for the week, with Wal-Mart, Target and Home Depot set to report.
Good morning, I’m KRISTIN BIANCO, with the “Week Ahead Market Report” for August 16, 2010.
Markets are mixed around the world today. Hong Kong’s Hang Seng index edged higher by 0.2 percent. Japan’s Nikkei 225 dropped 0.6 percent and China’s Shanghai Shenzen jumped 2.3 percent.
European shares were off this morning, with the German DAX down 0.3 percent. Britain’s Footsie 100 surged 0.4 percent in mid-day trading.
U.S. S&P 500 index futures were off 0.4 percent in pre-market action.
Crude oil is flat on Monday morning, trading around $75 a barrel.
Spot gold was up 0.9 percent on Monday morning trading, hovering around $1,226 an ounce.
On the economic front, the housing starts numbers for July will roll in on Tuesday, with new housing construction expected to come in at a 565,000 annual rate.
Also on Tuesday, the Obama Administration is planning a conference on the U.S. housing finance system. Down the street, lawmakers will be debating what to do with Fannie Mae and Freddie Mac.
Industrial production numbers for July will be released on Tuesday with expectations for a 0.6 percent change.
On Thursday, initial jobless claims will be released with expectations for 480,000 new unemployment claims for the week of August 14th.
On the earnings front, do-it-yourself retailer Lowes’s (NYSE:
LOW) said on Monday morning its second quarter earnings were 58 cents per share. Analysts were expecting 59 cents.
WMT) will post second quarter profits on Tuesday before the market opens, with a consensus estimate of 97 cents per share.
Home Depot (NYSE:
HD) will also report results on Tuesday before the market opens. Analysts are expecting 71 cents per share in earnings.
Department store Target (NYSE:
TGT) will report before the market opens on Wednesday, with analysts expecting 28 cents earnings per share.
Also on Wednesday morning, equipment manufacturer Deere & Company (NYSE:
DE) will report profits, with a consensus estimate of $1.22 earnings per share.
Ross Stores (NASDAQ:
ROST) will report earnings on Thursday before the market opens with expectations of $1.06 per share.
Also on Thursday, Dell (
DELL) will report second quarter earnings after the market closes. Analysts are expecting 30 cents per share.
Hewlett Packard (NYSE:
HPQ) will report earnings on Thursday after the market closes, with expectations of $1.08 per share.
Join us on Friday for the “Weekly Market Wrap” and have a wonderful week.
For MarketNewsVideo.com, I'm KRISTIN BIANCO.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Paper & Forest Products
Related symbols: SDRL, NADL, RFP, UFS
Wednesday Sector Leaders: Semiconductors, Computers
Related symbols: ANAD, AMBA, ANET, HILL
Tuesday Sector Leaders: Precious Metals, Manufacturing Stocks
Related symbols: SAND, SA, CRNT, WSTL
Wednesday's ETF with Unusual Volume: OEF
Related symbols: OEF, AAPL, FB, HPQ, SLB
Wednesday's ETF Movers: GXC, OIH
Related symbols: BITA, CMCM, SDRL, DO, OIH, GXC
SH, TMF: Big ETF Outflows
Related symbols: SH, TMF, TLT
Daily Dividend Report: MRK, CBS, ADI, BDC, FGP
Related symbols: MRK, CBS, ADI, BDC, FGP
Daily Dividend Report: BDX, HRL, VAL, EXR, DSW, CHS
Related symbols: BDX, HRL, VAL, EXR, DSW, CHS
Daily Dividend Report: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Related symbols: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Weekly Market Wrap: November 26, 2014
Related symbols: SDRL, KMI, AAPL, FB, ACE
Weekly Market Wrap: November 21, 2014
Related symbols: BAC, INTC, AAPL, HPQ, CPB, SYY, BLK
Weekly Market Wrap: November 14, 2014
Related symbols: NOK, BHI, AAPL, HTZ, VIAB, ADP, BAX, CTL, WM, PBI
Week Ahead Market Report: November 24, 2014
Related symbols: BAC, T, AAPL, INTC, HPQ, TIF, DE
Week Ahead Market Report: November 17, 2014
Related symbols: HAL, BHI, AAPL, F, HD, SJM, BBY, FL
Week Ahead Market Report: November 10, 2014
Related symbols: BABA, CMCSA, BAC, MSFT, CST, DHI, ADT, JCP, HP, JWN, ASTI
All videos » |
Stock market definitions »
Week Ahead Market Report: August 16, 2010
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.