The Week Ahead on Wall Street: Federal Reserve Targets, Earnings Tsunami Begins
This week, markets will look to extend their gains to date. On Wednesday, the Federal Reserve will release policy news and throughout the week look for a barrage of corporate earnings reports.
News from Europe could affect this week’s market on news from Greece’s debt-swap talks and Monday’s European Union finance ministers meeting. They will talk about the recent fiscal-pact draft, according to MarketWatch.
Over in the Asian markets, many markets will be closed for holidays but there will be news from Japan and Thailand’s central banks.
Markets in Hong Kong, Shanghai and Shenzhen will be closed from Monday through Wednesday; the Taipei market will be closed on Thursday.
South Korea’s market will be shut down on Monday and Tuesday. Australian markets are closed on Thursday.
On Tuesday, the Reserve Bank of India will make its policy announcement. In December, it did not have any interest rate hikes and suggested it was done with doing so and was ready to focus on growth.
The Bank of Japan will also announce its policy news on Tuesday. On the following day, look for news nuggets of the bank’s moves in its policy statement. The Bank of Thailand will report its policy move on Wednesday.
Back in the U.S. get ready for earnings. Lots of earnings.
Economic Numbers and Fed Speak
Monday: Eurogroup meeting of eurozone finance ministers.
Tuesday: Ecofin meeting of EU finance ministers, Day One of FOMC meeting, and President Obama’s State of the Union address.
Wednesday: Pending Home Sales index for December,FOMC policy announcement and Ben Bernanke Press Conference.
Thursday: Durable Goods orders for December, Weekly jobless claims, December new home sales and leading indicators.
Friday: Fourth-quarter GDP report and University of Michigan consumer sentiment for January.
Tuesday: Advanced Micro Devices (NYSE:AMD), Peabody Energy (NYSE:BTU), Coach (NYSE:COH), International Game Technology (NYSE:IGT), Johnson & Johnson (NYSE:JNJ), Kimberly-Clark(NYSE:KMB), Regions Financial (NYSE:RF),Travelers (NYSE:TRV), Waters (NYSE:WAT), McDonald’s (NYSE:MCD), KeyCorp (NYSE:KEY), Harley-Davidson (NYSE:HOG), Quest Diagnostic (NYSE:DGX), Baker Hughes (NYSE:BHI), Air Products & Chemicals (NYSE:APD), Apple (NASDAQ:AAPL), Norfolk Southern (NYSE:NSC), Yahoo (NASDAQ:YHOO), DuPont (NYSE:DD), EMC (NYSE:EMC), Verizon (NYSE:VZ), Stryker (NYSE:SYK), Total System Services (NYSE:TSS), Altera (NASDAQ:ALTR), and CA (NASDAQ:CA).
Wednesday:Allegheny Technologies (NYSE:ATI), Exelon (NYSE:EXC), General Dynamics (NYSE:GD), Hess (NYSE:HES), Murphy Oil (NYSE:MUR), Occidental Petroleum (NYSE:OXY), Textron (NYSE:TXT), United Technologies (NYSE:UTX), Rockwell Automation (NYSE:ROK), Praxair (NYSE:PX), Mead/Westvaco (NYSE:MWV), Corning (NYSE:GLW), Bemis (NYSE:BMS), ADP (NASDAQ:ADP), Abbott Laboratories (NYSE:ABT), Symantec (NASDAQ:SYMC), Stanley Black & Decker (NYSE:SWK), SanDisk (NASDAQ:SNDK), Owens-Illinois (NYSE:OI), Noble (NYSE:NE), LSI (NYSE:LSI), Jacobs Engineering (NYSE:JEC), E*TRADE (NASDAQ:ETFC), Wellpoint (NYSE:WLP), Dover (NYSE:DOV),Motorola Solutions (NYSE:MSI), Xerox (NYSE:XRX), St. Jude Medical (NYSE:STJ),Southern Co.(NYSE:SO), Molex (NASDAQ:MOLX), Boeing (NYSE:BA), ConocoPhillips (NYSE:COP), W.W. Grainger (NYSE:GWW),Citrix Systems (NASDAQ:CTXS),Netflix (NASDAQ:NFLX), Varian Medical Systems(NYSE:VAR) and Teradyne (NYSE:TER).
Thursday: AutoNation (NYSE:AN), Baxter International (NYSE:BAX), Bristol-Myers Squibb (NYSE:BMY),Celgene(NASDAQ:CELG), DeVry (NYSE:DV), McCormick (NYSE:MKC), 3M (NYSE:MMM), Nucor (NYSE:NUE), Precision Castparts (NYSE:PCP), Time Warner Cable (NYSE:TWC), Mead Johnson Nutrition (NYSE:MJN), Lockheed Martin (NYSE:LMT), Eaton (NYSE:ETN), EQT (NYSE:EQT), Colgate-Palmolive (NYSE:CL), Ball (NYSE:BLL), Airgas (NYSE:ARG), AmerisourceBergen (NYSE:ABG), Amgen (NASDAQ:AMGN), Chubb (NYSE:CB), Federated Investors (NYSE:FII), Juniper Networks (NYSE:JNPR),Starbucks (NASDAQ:SBUX), Zimmer Holdings(NYSE:ZMH), Raytheon (NYSE:RTN), CONSOL Energy (NYSE:CNX), Caterpillar(NYSE:CAT), Invesco (NYSE:IVZ),Sherwin-Williams (NYSE:SHW), AT&T(NYSE:T), Robert Half (NYSE:RHI), VeriSign (NASDAQ:VRSN), KLA-Tencor (NASDAQ:KLAC) and Eastman Chemical (NYSE:EMN).
Friday: Chevron (CHV), Dominion Resources (NYSE:D), Procter & Gamble (NYSE:PG), T. Rowe Price (NASDAQ:TROW), D.R. Horton (NYSE:DHI), Honeywell (NYSE:HON),NextEra Energy (NYSE:NEE),Newell Rubbermaid (NYSE:NWL), Ford (NYSE:F),Legg Mason (NYSE:LM), and Altria (NYSE:MO).