Week Ahead: Bulls Face the Butcher
bulls face butcher week ahead
Week Ahead

The bulls are getting desperate. Driven by chaos and a fear of being made into strip steak, they seem to be running down any which street they pass. As earnings season swings into full stampede, I heard one bovine raging on Bloomberg Radio about how earnings season would stop investors from capitulating with the double-dip recession argument. Wait a second now - he must not be a Wall Street Greek reader, or awake, given that Intel and poor economic reports already dueled it out last week, and the Sheriff won.

"The Greek" earned clients a 23% average annual return over five years as a stock analyst on Wall Street. While writing for Wall Street Greek and others, he presciently predicted the financial crisis and housing and banking failures of the Great Recession. Visit the front pages of Wall Street Greek now to see our current coverage of business news, the global economy & financial markets, real estate, shipping, fine art & antiquities and global affairs.


Bulls Face the Butcher

MarkosAppropriately enough, the economic segment that showed some of the first signs of trouble, housing, keys the marquee this week. Four housing reports litter the week's economic data flow, and we are not expecting very good news from any except perhaps the irrelevant FHFA House Price Index. Despite overwhelming numbers, corporate earnings seem likely to disappoint on net based on some of the early results and softening economic environment.


The National Association of Home Builders publishes its Housing Market Index Monday morning at 10:00 AM. The index has remained mired in deep depression, as homebuilders have had little reason for enthusiasm for quite some time now. However, the index did see some benefit this spring from the government's tax incentive for first-time homebuyers. Once the incentive expired though, builders were rudely awakened to a rough reality, a still absent housing market. June's measure of the HMI exposed that truth, as the index fell five points to a reading of 17. Economists expect the metric to fall further to 16 in July.

Markets will be closed in Japan Monday, and the International Air Show will keep British aeronautics fans busy in Farnborough, England.

US earnings season will turn its focus toward IBM (NYSE: IBM), Ford Motor (NYSE: F), Texas Instruments (NYSE: TXN), Halliburton (NYSE: HAL), Hasbro (NYSE: HAS), Zions Bancorp (Nasdaq: ZION), Atheros Communications (Nasdaq: ATHR). The remainder of the report schedule includes AMCON Distributing (AMEX: DIT), Bank of Marin (Nasdaq: BMRC), Brown & Brown (NYSE: BRO), Crown Holdings (NYSE: CCK), Delta Airlines (NYSE: DAL), Equity Lifestyle Properties (NYSE: ELS), First Defiance Financial (Nasdaq: FDEF), HDFC Bank (NYSE: HDB), ICU Medical (Nasdaq: ICUI), IEC Electronics (AMEX: IEC), Ladish (Nasdaq: LDSH), Lincare (Nasdaq: LNCR), McMoRan Exploration (NYSE: MMR), New Oriental Education & Technology (NYSE: EDU), Noble (NYSE: NE), Packaging Corp. of America (NYSE: PKG), Park National (AMEX: PRK), PetMed Express (Nasdaq: PETS), Ralcorp (NYSE: RAH), Renaissance Learning (Nasdaq: RLRN), RLI Corp. (NYSE: RLI), S&T Bancorp (Nasdaq: STBA), Sierra Bancorp (Nasdaq: BSRR) and Virginia Commerce (Nasdaq: VCBI).


Not even 24 hours after the Housing Market Index release, Housing Starts are due for the month of June by 8:30 ET. Again economists are looking for a softening situation, with Bloomberg's survey showing consensus expectations for an annual pace of 580K starts. That would mark a modest decline from May's 593K rate, which highlighted a 17.2% drop in single-family structure starts. Building Permits fell 5.9%, to 574K in May, and single-family structure authorizations dropped 9.9%. In other words, things don't look too hopeful heading into this data, and it seems economists might be playing the downtrend too cautiously.

Before the Starts data, look for the International Council of Shopping Centers (ICSC) Weekly Same-Store Sales Report at 7:45 AM ET. Sales have proven volatile over the last two weeks, jumping and then more recently retrenching sharply. Last week's report for the period ended July 10 showed a weekly decline of 1.5%. On a year-over-year basis, sales moved 3.2% higher.

Tuesday marks the filing deadline for the lead plaintiff in a class-action suit against BP (NYSE: BP). BP is now wrapped up in a quagmire with the US government, since it may want to temporarily remove the cap that has stopped oil flow into the Gulf in order to place a permanent fix. That's not selling well in Washington.

The Bank of Canada will make its latest interest rate decision Tuesday, and expectations are it will keep rates steady. The Bank of England just made its latest rate decision, but this week brings Britain's new Prime Minister, David Cameron, to Washington for his first visit with President Obama. US Fed Governor Dan Tarullo is scheduled to testify before the Senate Banking Committee on modernizing financial regulation.

An FDA panel will review Genentech's (NYSE: DNA) Avastin medication for breast cancer. General Electric (NYSE: GE) reported results last week, but meets with analysts in London Tuesday. Honda's (NYSE: HMC) CEO briefs investors on the midterm business outlook.

The earnings schedule highlights data from Apple (Nasdaq: AAPL), Goldman Sachs (NYSE: GS), Yahoo (Nasdaq: YHOO), Altera (Nasdaq: ALTR), Pepsico (NYSE: PEP), Forest Laboratories (NYSE: FRX), Boston Scientific (NYSE: BSX), State Street Corp. (NYSE: STT), Gilead Sciences (Nasdaq: GILD), UnitedHealth (NYSE: UNH), Johnson & Johnson (NYSE: JNJ) and Bank of NY Mellon (NYSE: BK).

The remainder of the EPS schedule includes news from A.O. Smith (NYSE: AOS), Allscripts-Misys Healthcare Solutions (Nasdaq: MDRX), Ameriserv Financial (Nasdaq: ASRV), AptarGroup (NYSE: ATR), Astec Industries (Nasdaq: ASTE), Biogen Idec (Nasdaq: BIIB), Cintas (Nasdaq: CTAS), Cirrus Logic (Nasdaq: CRUS), CNH Global (NYSE: CNH), Courier (Nasdaq: CRRC), Cross Timbers Royalty Trust (NYSE: CRT), Cytec Industries (NYSE: CYT), Fidelity National Information (NYSE: FIS), Fulton Financial (Nasdaq: FULT), Harley-Davidson (NYSE: HOG), Heska (Nasdaq: HSKA), IDEX (NYSE: IEX), Illinois Tool Works (NYSE: ITW), Juniper Networks (Nasdaq: JNPR), LaBranche (NYSE: LAB), Lee Enterprises (NYSE: LEE), Linear Technology (Nasdaq: LLTC), Manhattan Associates (Nasdaq: MANH), Marshall & Ilsley (NYSE: MI), Marten Transport (Nasdaq: MRTN), Mercantile Bank (Nasdaq: MBWM), Metals USA (Nasdaq: MUSA), MGIC Investment (NYSE: MTG), Millicom International (Nasdaq: MICC), Mueller Industries (NYSE: MLI), Neogen (Nasdaq: NEOG), Net Servicos de Comunicacao (Nasdaq: NETC), Omnicon Group (NYSE: OMC), Palm Harbor Homes (Nasdaq: PHHM), Peabody Energy (NYSE: BTU), Peoples Bancorp (Nasdaq: PEBO), Pinnacle Financial Partners (Nasdaq: PNFP), Platinum Underwriters (NYSE: PTP), Polaris Industries (NYSE: PII), Pulaski Financial (Nasdaq: PULB), RC2 Corp. (Nasdaq: RCRC), Renasant Corp. (Nasdaq: RNST), Resources Global Financial (Nasdaq: RECN), Saba Software (Nasdaq: SABA), Schiff Nutrition (NYSE: WNI), Seagate Technology (Nasdaq: STX), SLM Corp. (NYSE: SLM), Steel Dynamics (Nasdaq: STLD), Stryker (NYSE: SYK), TD Ameritrade (Nasdaq: AMTD), Tempur Pedic (NYSE: TPX), Texas Industries (NYSE: TXI), Blackstone Group (NYSE: BX), The South Financial Group (Nasdaq: TSFG), UAL Group (Nasdaq: UAUA), United Rentals (NYSE: URI), VMWare (NYSE: VMW), Waste Connections (NYSE: WCN), Weatherford Int'l (NYSE: WFT) and Whirlpool (NYSE: WHR).


The Mortgage Bankers Association's Weekly Mortgage Applications Survey for the period ended July 9, 2010, produced the lowest level of activity for the Purchase Index since December of 1996. If economists or investors needed a sign of real trouble, they should have noticed this data point. The latest reading is due Wednesday in the pre-market.

The bigger story for the market on Wednesday will be Federal Reserve Chairman Bernanke's semiannual report on monetary policy, delivered via testimony to the Senate Banking Committee. We suspect it will not be long before market concerns move from a focus on future Fed rate hikes to worry about Fed inaction with regard to its support of an ailing economy. Meanwhile, the SEC will take up the topic of mutual fund fee structures.

The EIA reports on Petroleum Status at 10:30 AM. Last week's report covering the period ended July 9 produced the largest draw of inventory for the year. Some 5.1 million barrels of inventory were drawn on net. Weather was reportedly partly to blame, as difficult conditions likely kept imports offshore; the Gulf issue and resulting moratorium played the bigger role in cutting net inflows to inventory.

BHP Billiton (NYSE: BHP) reports on production and exploration for the June quarter. The earnings schedule highlights data from US Bancorp (NYSE: USB), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), Coca-Cola (NYSE: KO), BlackRock (NYSE: BLK), EMC (NYSE: EMC), Qualcomm (Nasdaq: QCOM), Xilinx (Nasdaq: XLNX), Abbott Labs (NYSE: ABT) and CA Technologies (Nasdaq: CA).

The rest of the EPS schedule includes 1st Constitution Bancorp (Nasdaq: FCCY), Aehr Test Systems (Nasdaq: AEHR), Affymetrix (Nasdaq: AFFX), Airgas (NYSE: ARG), AirTran Holdings (NYSE: AAI), Alfa SA (OTC: ALFPP), Allegiant Travel (Nasdaq: ALGT), Alliance Data Systems (NYSE: ADS), Altria Group (NYSE: MO), AMB Property (NYSE: AMB), Amdocs (NYSE: DOX), Amphenol (NYSE: APH), AMR Corp. (NYSE: AMR), Amylin Pharmaceuticals (Nasdaq: AMLN), Arbitron (NYSE: ARB), Arkansas Best (Nasdaq: ABFS), Astoria Financial (NYSE: AF), ATMI (Nasdaq: ATMI), Baidu (Nasdaq: BIDU), Banco Latinamericano de Comercio Exterior SA (NYSE: BLX), Banner Corp. (Nasdaq: BANR), Berkshire Hills Bancorp (Nasdaq: BHLB), Cascade Financial (Nasdaq: CASB), Checkpoint Software (Nasdaq: CHKP), Clicksoftware Technologies (Nasdaq: CKSW), Cohen & Steers (NYSE: CNS), Cohu (Nasdaq: COHU), Comerica (NYSE: CMA), Community Trust (Nasdaq: CTBI), Complete Production Services (NYSE: CPX), Core Laboratories (NYSE: CLB), CoStar Group (Nasdaq: CSGP), Convenant Transport (Nasdaq: CVTI), Datalink (Nasdaq: DTLK), Eaton (NYSE: ETN), eBay (Nasdaq: EBAY), Edwards Lifesciences (NYSE: EW), Encana (NYSE: ECA), Exponent (Nasdaq: EXPO), F5 Networks (Nasdaq: FFIV), Fidelity National Financial (NYSE: FNF), First Cash (Nasdaq: FCFS), First Midwest Bancorp (Nasdaq: FMBI), Freeport McMoRan Copper and Gold (NYSE: FCX), Genzyme (Nasdaq: GENZ), GlaxoSmithKline (NYSE: GSK), Glimcher Realty Trust (NYSE: GRT), Graco (NYSE: GGG), Hanesbrands (NYSE: HBI), Host Hotels and Resorts (NYSE: HST), Hub Group (Nasdaq: HUBG), Hudson City Bancorp (Nasdaq: HCBK), IberiaBank (Nasdaq: IBKC), Intersil (Nasdaq: ISIL), Intuitive Surgical (Nasdaq: ISRG), Journal Communications (NYSE: JRN), Julius Baer Group (OTC: JBARF.PK), Kinder Morgan Energy Partners (NYSE: KMP), Kinder Morgan Management (NYSE: KMR), LaSalle Hotel Properties (NYSE: LHO), Lufkin Industries (Nasdaq: LUFK), M&T Bank (NYSE: MTB), Manpower (NYSE: MAN), Mattson Technology (Nasdaq: MTSN), Media General (NYSE: MEG), Mellanox Technologies (Nasdaq: MLNX), MKS Instruments (Nasdaq: MKSI), Netflix (Nasdaq: NFLX), Netgear (Nasdaq: NTGR), Northern Trust (Nasdaq: NTRS), NVE Corp. (Nasdaq: NVEC), Pacific Continental (Nasdaq: PCBK), Piper Jaffray (NYSE: PJC), Plexus (Nasdaq: PLXS), PrePaid Legal (NYSE: PPD), Quest Diagnostics (NYSE: DGX), Raymond James (NYSE: RJF), Rewards Network (Nasdaq: DINE), Richardson Electronics (Nasdaq: RELL), Robert Half Int'l (NYSE: RHI), Rush Enterprises (OTC: RUSHB.OB), SEI Investments (Nasdaq: SEIC), Select Comfort (Nasdaq: SCSS), Sensata Technologies (NYSE: ST), SolarWinds (NYSE: SWI), Spansion (Nasdaq: CODE), StanCorp Financial Group (NYSE: SFG), Stanley Black & Decker (NYSE: SWK), Starbucks (Nasdaq: SBUX), StellarOne (Nasdaq: STEL), Terex (NYSE: TEX), TESCO (Nasdaq: TESS), Texas Capital Bankshares (Nasdaq: TCBI), Textron (NYSE: TXT), Tractor Supply (Nasdaq: TSCO), TrueBlue (NYSE: TBI), Total System Services (NYSE: TSS), United Technologies (NYSE: UTX), US Airways (NYSE: LCC), Washington Trust (Nasdaq: WASH), Westell (Nasdaq: WSTL), Western Digital (NYSE: WDC), Young Innovations (Nasdaq: YDNT) and Zhone Technologies (Nasdaq: ZHNE).


Weekly Jobless Claims dropped by 29,000 in the period ended July 10, to a level of 429K. The Independence Day holiday and related vacationing likely had something to do with this result. Even so, the four-week moving average fell by 11,750, to 455,250; still a high mark. Economists are looking for a reading of 450K this week.

More housing data comes due at 10:00 AM. Existing Home Sales are due for the month of June, and economists forecast the annual pace of sales decreased to a pace of 5.26 million. That would mark a drop from 5.66 million in May. Supply is still high at 8.3 months, and the situation looks more likely to worsen than improve in June.

The FHFA House Price Index is due at 10:00 AM, but this data point is the least important of the week's reports. The latest data, for April, showed prices rose 0.8% month-to-month but remained down 1.5% from the prior year period.

Leading Economic Indicators are due for report at 10:00 AM. While indicators increased in May by 0.4%, the drivers behind it were suspect. Economists see June's economic indicators declining by 0.3%, which is in line with our economic forecast.

Bernanke works his way over to the House Financial Services Committee to give semiannual testimony there. A US bankruptcy court will decide on General Growth Properties' request to approve Barclays' (NYSE: BCS) replacing a $400 million loan held by a group led by Farallon Capital.

The EIA Natural Gas Report is on tap for 10:30 reporting. Last week's data covering the period ended July 9 showed net inventory increased by 78 Bcf. Stocks remained 274 Bcf above the five-year average for this time of year.

NiSource (NYSE: NI) holds an analysts' meeting, and the EPS schedule highlights data from Bristol-Myers Squibb (NYSE: BMY), American Express (NYSE: AXP), Amazon.com (Nasdaq: AMZN), QLogic (Nasdaq: QLGC), SanDisk (Nasdaq: SNDK) and Baxter International (NYSE: BAX). The remainder of the schedule highlights news from 3M (NYSE: MMM), ABB (NYSE: ABB), Acacia Research (Nasdaq: ACTG), Advanced Energy Industries (Nasdaq: AEIS), Air Products & Chemicals (NYSE: APD), Akeena Solar (Nasdaq: AKNS), Alaska Air Group (NYSE: ALK), Alexion Pharmaceuticals (Nasdaq: ALXN), Align Technology (Nasdaq: ALGN), Alliance Fiber Optic Products (Nasdaq: AFOP), Ambassadors Group (Nasdaq: EPAX), American River Bankshares (Nasdaq: AMRB), AmSurg (Nasdaq: AMSG), Associated Banc-Corp. (Nasdaq: ASBC), AT&T (NYSE: T), Athenahealth (Nasdaq: ATHN), Autonation (NYSE: AN), Avid Technology (Nasdaq: AVID), Badger Meter (NYSE: BMI), Bancorp Rhode Island (Nasdaq: BARI), BancorpSouth (NYSE: BXS), BB&T Corp. (NYSE: BBT), BJ's Restaurants (Nasdaq: BJRI), Bucyrus International (Nasdaq: BUCY), Builders FirstSource (Nasdaq: BLDR), CR Bard (NYSE: BCR), Cabot Microelectronics (Nasdaq: CCMP), Cabot Oil & Gas (NYSE: COG), CALIX (Nasdaq: CALX), Canadian National Railway (NYSE: CNI), Capital One Financial (NYSE: COF), Cash America (NYSE: CSH), Caterpillar (NYSE: CAT), Central Valley Community Bancorp (Nasdaq: CVCY), Cepheid (Nasdaq: CPHD), Chipotle Mexican Grill (NYSE: CMG), Chubb (NYSE: CB), Citizens Banking (Nasdaq: CRBC), City National (NYSE: CYN), CoBiz (Nasdaq: COBZ), Colonial Properties Trust (NYSE: CLP), Columbia Sportswear (Nasdaq: COLM), Community Bank System (NYSE: CBU), Continental Airlines (NYSE: CAL), Cooper Industries (NYSE: CBE), Covanta Holding (NYSE: CVA), Credit Suisse (NYSE: CS), Cymer (Nasdaq: CYMI), Cypress Semiconductor (NYSE: CY), Cypress Sharpridge Investments (NYSE: CYS), Danaher (NYSE: DHR), Danvers Bancorp (Nasdaq: DNBK), Data I/O (Nasdaq: DAIO), Decker Outdoors (Nasdaq: DECK), Deluxe Corp. (NYSE: DLX), Diamond Offshore (NYSE: DO), Digi International (Nasdaq: DGII), Dr. Reddy's (NYSE: RDY), E*TRADE Financial (Nasdaq: ETFC), Eagle Materials (NYSE: EXP), Education Realty Trust (NYSE: EDR), Elan Corp. (NYSE: ELN), Electronics for Imaging (Nasdaq: EFII), Eli Lilly (NYSE: LLY), Endologix (Nasdaq: ELGX), Ensco (NYSE: ESV), Exelon (NYSE: EXC), Federated Investors (NYSE: FII), Fifth Third Bancorp (Nasdaq: FITB), First Interstate BancSystem (Nasdaq: FIBK), First Niagara Financial (Nasdaq: FNFG), Flextronics (Nasdaq: FLEX), FLIR Systems (Nasdaq: FLIR), Fortinet (Nasdaq: FTNT), Forward Air (Nasdaq: FWRD), Freescale Semiconductor (NYSE: FSL), Gardner Denver (NYSE: GDI), GATX Corp. (NYSE: GMT), Gentex (Nasdaq: GNTX), GigOptix (Nasdaq: GGOX), Glacier Bancorp (Nasdaq: GBCI), Gleacher & Co. (Nasdaq: GLCH), Great Southern Bancorp (Nasdaq: GSBC), Grupo Aeroporturario (NYSE: ASR), Healthways (Nasdaq: HWAY), Hittite Microwave (Nasdaq: HITT), HNI Corp. (NYSE: HNI), Home Bancshares (Nasdaq: HOMB), Huntington Bancshares (Nasdaq: HBAN), Immucor (Nasdaq: BLUD), Independent Bank (Nasdaq: INDB), Infinera (Nasdaq: INFN), Informatica (Nasdaq: INFA), Insteel Industries (Nasdaq: IIIN), Interactive Brokers (Nasdaq: IBKR), Interphase (Nasdaq: INPH), Invacare (NYSE: IVC), Isilon Systems (Nasdaq: ISLN), Iteris (AMEX: ITI), ITT Educational Services (NYSE: ESI), Ixia (Nasdaq: XXIA), J&J Snack Foods (Nasdaq: JJSF), JAKKS Pacific (Nasdaq: JAKK), Janus Capital (NYSE: JNS), JetBlue Airways (Nasdaq: JBLU), KeyCorp (NYSE: KEY), Laboratory Corp. of America (NYSE: LH), Lacrosse (Nasdaq: BOOT), Lance (Nasdaq: LNCE), Lattice Semiconductor (Nasdaq: LSCC), Leggett & Platt (NYSE: LEG), Lender Processing Services (NYSE: LPS), Life Time Fitness (NYSE: LTM), LIN TV (NYSE: TVL), MainSource Financial (Nasdaq: MSFG), Matthews International (Nasdaq: MATW), MB Financial (Nasdaq: MBFI), Medco Health (NYSE: MHS), MetroCorp Bancshares (Nasdaq: MCBI), Mettler-Toledo (NYSE: MTD), Micrel Semiconductor (Nasdaq: MCRL), Microsemi (Nasdaq: MSCC), Microsoft (Nasdaq: MSFT), Monro Muffler Brake (Nasdaq: MNRO), Myers Industries (NYSE: MYE), Nash Finch (Nasdaq: NAFC), NCR Corp. (NYSE: NCR), NetScout Systems (Nasdaq: NTCT), Nokia (NYSE: NOK), NSTAR (NYSE: NST), Nucor (NYSE: NUE), OceanFirst Financial (Nasdaq: OCFC), Old Republic International (NYSE: ORI), Olin (NYSE: OLN), Omnicell (Nasdaq: OMCL), Orbital Sciences (NYSE: ORB), Penn National Gaming (Nasdaq: PENN), Pension Worldwide (Nasdaq: PNSN), Philip Morris (NYSE: PM), PMC Sierra (Nasdaq: PMCS), PNC Financial (NYSE: PNC), Pool Corp. (NYSE: POOL), Precision Castparts (NYSE: PCP), Precision Drilling (NYSE: PDS), Premier Global (NYSE: PGI), ProLogis (NYSE: PLD), Rambus (Nasdaq: RMBS), Reliance Steel (NYSE: RS), Reynolds American (NYSE: RAI), Riverbed Technology (Nasdaq: RVBD), Royal Caribbean Cruises (NYSE: RCL), RSC Holdings (NYSE: RRR), Ruby Tuesday (NYSE: RT), Safeway (NYSE: SWY), SanDisk (Nasdaq: SNDK), Sandy Spring Bancorp (Nasdaq: SASR), Scholastic (Nasdaq: SCHL), Seacoast Banking (Nasdaq: SBCF), Sherwin-Williams (NYSE: SHW), Sigma-Aldrich (Nasdaq: SIAL), Simmons First National (Nasdaq: SFNC), Skyworks (Nasdaq: SWKS), Socket Mobile (Nasdaq: SCKT), Sonoco Products (NYSE: SON), Southern Community Financial (Nasdaq: SCMF), St. Jude Medical (NYSE: STJ), Starwood Hotels & Resorts (NYSE: HOT), Sterling Bancshares (Nasdaq: SBIB), STMicroelectronics (NYSE: STM), Suntrust (NYSE: STI), Syngenta (NYSE: SYT), Synovus Financial (NYSE: SNV), Syntel (Nasdaq: SYNT), The Bancorp (Nasdaq: TBBK), The Cheesecake Factory (Nasdaq: CAKE), The Hershey Co. (NYSE: HSY), The Marcus Corp. (NYSE: MCS), The Mosaic Co. (NYSE: MOS), The New York Times (NYSE: NYT), Travelers (NYSE: TRV), Theravence (Nasdaq: THRX), Thomas & Betts (NYSE: TNB), Tradestation (Nasdaq: TRAD), Travelzoo (Nasdaq: TZOO), Tyco Electronics (NYSE: TEL), Ultratech (Nasdaq: UTEK), Union Pacific (NYSE: UNP), United Parcel Services (NYSE: UPS), USA Truck (Nasdaq: USAK), USG (NYSE: USG), Utah Medical (Nasdaq: UTMD), Valley National Bancorp (NYSE: VLY), Vascular Solutions (Nasdaq: VASC), VCA Antech (Nasdaq: WOOF), VF Corporation (NYSE: VFC), Vicor (Nasdaq: VICR), Vitamin Shoppe (NYSE: VSI), Vitran (Nasdaq: VTNC), WR Grace (NYSE: GRA), Watsco (NYSE: WSO), WESCO (NYSE: WCC), Western Alliance Bancorp (NYSE: WAL), Westwood Holdings (NYSE: WHG), WNS Holdings (NYSE: WNS), Xerox (NYSE: XRX) and Zimmer Holdings (NYSE: ZMH).


With no economic reports on tap, the focus will clearly move to Europe. The results of the European bank stress tests are scheduled to be disclosed Friday. The general viewpoint is that transparency will aid the overall market, while pushing many banks in Greece, Portugal, Spain and others to raise capital; Barrons reports that Barclays estimates some $100 billion will need to be raised in aggregate.

In geopolitical matters, Secretary of State Hillary Clinton will attend the meeting of the Association of Southeast Asian Nations.

Vodafone will issue an interim management statement. The EPS schedule highlights news from Honeywell (NYSE: HON), Schlumberger (NYSE: SLB), McGraw-Hill (NYSE: MHP), Dover (NYSE: DOV), Ryder System (NYSE: R) and Verizon (NYSE: VZ). The rest of the schedule includes Acme United (AMEX: ACU), AMCOL Int'l (NYSE: ACO), Ashland (NYSE: ASH), Autoliv (NYSE: ALV), Coca-Cola FEMSA SAB (NYSE: KOF), Columbus McKinnon (Nasdaq: CMCO), Digital Realty Trust (NYSE: DLR), Dime Community Bancshares (Nasdaq: DCOM), Donegal Group (Nasdaq: DGICA), Enbridge Energy Management (NYSE: EEQ), Enbridge Energy Partners (NYSE: EEP), Encore Bancshares (Nasdaq: EBTX), Great Atlantic Pacific (NYSE: GAP), Horizon Lines (NYSE: HRZ), Idexx Laboratories (Nasdaq: IDXX), Ingersoll-Rand (NYSE: IR), Johnson Controls (NYSE: JCI), Kimberly-Clark (NYSE: KMB), McDonald's (NYSE: MCD), MiMedx Group (OTC: MDXG.OB), MoSys (Nasdaq: MOSY), Newfield Exploration (NYSE: NFX), NextEra Energy (NYSE: NEE), Nidec (NYSE: NJ), NxStage Medical (Nasdaq: NXTM), Prosperity Bancshares (Nasdaq: PRSP), RAIT Financial Trust (NYSE: RAS), Sensient Technologies (NYSE: SXT), Snap-on Inc. (NYSE: SNA), Spartan Motors (Nasdaq: SPAR), Ericson (Nasdaq: ERIC), United Bankshares (Nasdaq: UBSI), United Community Banks (Nasdaq: UCBI), Viad (NYSE: VVI) and Wilmington Trust (NYSE: WL).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

the Lord's prayerInquiries about Wall Street Greek content and advertising services can be emailed to Advertise @WallStreetGreek.com. Article sponsored by Greek-Greek.com.
Related Stocks:
1ST INTST BANCSYS-A 1st Constitution Bancorp 3M Co ABB LTD. ALASKA AIR GROUP, Inc. ALLEGIANT TRAVEL AMCOL INTERNATIONAL CORP. AMDOCS LIMITED AO. SMITH CORPORATION APTARGROUP, Inc. ARKANSAS BEST ASHLAND, Inc. ASTORIA FINANCIAL CORP. AT&T ATHENAHEALTH ATMI AUTOLIV, Inc. AVID TECHNOLOGY Abbott Laboratories Acacia Research - Acacia Techn Advanced Energy Industries, Inc. Aehr Test Systems Affymetrix, Inc. Air Products & Chemicals Airgas Alexion Pharmaceuticals Align Technology, Inc. Alliance Data Systems Allscripts-Misys Healthcare Solution Altera Corp Altria Group Amazon.com Ambassadors Group, Inc. AmeriServ Financial, Inc. American Express American River Bankshares Amphenol Corp A Amsurg Corp Apple Associated Banc-Corp Astec Industries, Inc. AutoNation BADGER METER, Inc. BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A BANCORPSOUTH, Inc. BANK OF MARIN BARCLAYS PLC BB&T Corp BHP BILLITON LIMITED BJ's Restaurants, Inc. BP P.L.C. BROWN & BROWN, Inc. Baidu.com SP ADR Bank of New York Mellon Baxter International Biogen Idec BlackRock Boston Scientific Bristol-Myers Squibb Builders FirstSource, Inc. C.R. Bard CA, INC. CANADIAN NATIONAL RAILWAY CASH AMERICA INTERNATIONAL, Inc. CENTRAL VALLEY COMMUNITY BNCP CITY NATIONAL CORPORATION COCA-COLA FEMSA, S.A.B DE C.V COHEN & STEERS, Inc. COMMUNITY BANK SYSTEM CORE LABORATORIES N.V. COVANTA HOLDING CORPORATION CREDIT SUISSE GROUP CROSS TIMBERS ROYALTY CROWN HOLDINGS, Inc. CYTEC INDUSTRIES, Inc. Cabot Microelectronics Corp Cabot Oil & Gas Capital One Financial Caterpillar Cepheid, Inc. Check Point Software Technolog Cheesecake Factory Chipotle Mexican Grill Chubb Corp Cintas Corp Cirrus Logic, Inc. Clicksoftware Technologies Ltd CoBiz Financial, Inc. CoStar Group, Inc. Coca-Cola Company Cohu, Inc. Columbia Sportswear Co Columbus McKinnon Corp/NY Comerica Community Trust Bancorp, Inc. Courier Corp Covenant Transportation Group, Inc. DECKERS OUTDOOR DELUXE CORPORATION DIGITAL REALTY TRUST, Inc. DR. REDDY'S LAB LTD ADR Danaher Corp Data I/O Corp Datalink Corp Delta Air Lines Diamond Offshore Drilling Digi International, Inc. Dime Community Bancshares Donegal Group, Inc. Dover Corp E Trade Financial EAGLE MATERIALS, Inc. EDUCATION REALTY TRUST, Inc. EMC Corp ENBRIDGE ENERGY MANAGEMENT L.L.C ENBRIDGE ENERGY PARTNERS, ENCANA CORPORATION EQUITY LIFESTYLE PROPERTIES, Inc. Edwards Lifesciences Electronics for Imaging Eli Lilly Endologix, Inc. Ericsson Telephone Company Exelon Corp Exponent, Inc. F5 Networks FEDERATED INVESTORS, Inc. FIDELITY NATIONAL FINANCIAL, INC. CLASS A COMMON STOCK FLIR Systems FOREST LABORATORIES, Inc. FORTINET Fidelity National Information Services Fifth Third Bancorp First Cash Financial Services First Defiance Financial Corp First Midwest Bancorp Inc/IL First Niagara Financial Group Flextronics International Ltd Ford Motor Forward Air Corp Freeport-McMoRan Fulton Financial Corp GATX CORPORATION GLAXOSMITHKLINE PLC GLIMCHER REALTY TRUST GRACO, Inc. GRUPO AEROPORTUARIO DEL S General Electric Gentex Corp Gilead Sciences Glacier Bancorp, Inc. Goldman Sachs Group Great Southern Bancorp, Inc. HANESBRANDS, Inc. HDFC BANK LIMITED HNI CORPORATION HOME BANCSHARES HONDA MOTOR CO., LTD. HUB Group, Inc. Halliburton Co Harley-Davidson Healthways, Inc. Hershey Co Hittite Microwave Corporation Honeywell International Host Hotels & Resorts Hudson City Bancorp Huntington Bancshares IBERIABANK Corp ICU Medical, Inc. IDEX CORPORATION INFINERA INTERACTIVE BRKRS-A INVACARE CORPORATION ITT EDUCATIONAL SERVICES Idexx Laboratories, Inc. Illinois Tool Works Independent Bank Corp/MA Informatica Corp Ingersoll-Rand Plc Insteel Industries, Inc. International Business Machines Interphase Corp Intersil Corp Intuitive Surgical Ixia J&J Snack Foods Corp JANUS CAPITAL GROUP, Inc. JOURNAL COMMUNICATIONS, Inc. Jakks Pacific, Inc. JetBlue Airways Corp Johnson & Johnson Johnson Controls Julius Baer Gruppe AG Zuerich Namen - AKT KINDER MORGAN ENERGY PTNR KINDER MORGAN MANAGEMENT, KeyCorp Kimberly-Clark LASALLE HOTEL PROPERTIES LEE ENTERPRISES, Inc. LIFE TIME FITNESS, Inc. Laboratory Corp American Holdings Lattice Semiconductor Corp Leggett & Platt Linear Technology Corp M&T Bank MANPOWERGROUP MARCUS CORPORATION MB Financial Corp MEDIA GENERAL, Inc. MELLANOX TECHNOLOGI METTLER-TOLEDO INTL MGIC INVESTMENT CORP. MKS Instruments, Inc. MOSYS MUELLER INDUSTRIES, Inc. MYERS INDUSTRIES, Inc. MainSource Financial Group, Inc. Manhattan Associates, Inc. Marten Transport Ltd Matthews International Corp Mattson Technology, Inc. McDonald's Corp McGraw Hill Financial Mercantile Bank Corp Micrel, Inc. Microsemi Corp Microsoft Monro Muffler, Inc. Morgan Stanley NCR CORPORATION NETGEAR, Inc. NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP, Inc. NEW YORK TIMES CO. NIDEC CORP ADR NOKIA CORPORATION NVE Corp Nasdaq OMX Group Neogen Corp NetFlix Netscout Systems, Inc. Newfield Exploration NextEra Energy NiSource Northern Trust Nucor Corp NxStage Medical, Inc. OLD REPUBLIC INTERNATIONAL CORPORATION OLIN CORP. ORBITAL SCIENCES CORPORATION OceanFirst Financial Corp Omnicell, Inc. Omnicom Group PACKAGING CORP OF AMERICA PEABODY ENERGY CORP. PIPER JAFFRAY COMPANIES PLATINUM UNDERWRITERS HOLDINGS, LTD. PMC - Sierra, Inc. PNC Financial Services POLARIS INDUSTRIES, Inc. POWERSHARES QQQ PRECISION DRILLING CORPORATION PREMIERE GLOBAL SERVICES, Inc. PROSHARES SHORT DOW30 PROSHARES ULTRA QQQ Pacific Continental Corp Penn National Gaming, Inc. Peoples Bancorp Inc/OH PepsiCo PetMed Express, Inc. Philip Morris International Pinnacle Financial Partners In Plexus Corp Precision Castparts Pulaski Financial Corp QLogic Corp Qualcomm, Inc. Quest Diagnostics RAYMOND JAMES FINANCIAL, Inc. RELIANCE STEEL & ALUMINIUM CO. RIVERBED TECH RLI CORP. ROYAL CARIBBEAN CRUISES LTD. RUBY TUESDAY, Inc. Rambus, Inc. Renasant Corporation Resources Connection Reynolds American Richardson Electronics Ltd Robert Half International Ryder System S&P DEP RECEIPTS S&T Bancorp, Inc. SAFEWAY, Inc. SEI Investments Co SENSATA TECHNOLOGIES HOLDING N.V. SENSIENT TECHNOLOGY CORPORATION SOLARWINDS, Inc. SONOCO PRODUCTS COMPANY STANCORP FINANCIAL GROUP STMICROELECTRONICS N.V. SYNOVUS FINANCIAL CORP. SanDisk Corp Sandy Spring Bancorp, Inc. Schlumberger Ltd Scholastic Corp Seagate Technology Plc Select Comfort Corp Sherwin-Williams Sierra Bancorp Sigma-Aldrich Simmons First National Corp Skyworks Solutions, Inc. Snap-On Spartan Motors, Inc. St. Jude Medical Stanley Black & Decker Starbucks Corp Starwood Hotels & Resorts State Street Corp Steel Dynamics, Inc. Stryker Corp SunTrust Banks Syngenta AG ADS Syntel, Inc. TE Connectivity TEMPUR SEALY INTERNATIONAL, Inc. TEREX CORPORATION TEXAS INDUSTRIES, Inc. THE BLACKSTONE GROUP L.P TRUEBLUE, Inc. Tessco Technologies, Inc. Texas Capital Bancshares, Inc. Textron The Bancorp, Inc. The Mosaic Company Theravance, Inc. Total System Services Tractor Supply TravelersCompanies U.S. Bancorp USA Truck, Inc. USG CORPORATION Ultratech, Inc. Union Pacific United Bankshares, Inc. United Parcel Service United Rentals United Technologies UnitedHealth Group Utah Medical Products, Inc. VALLEY NATIONAL BANCORP VCA Antech, Inc. VF Corp VIAD CORP VITAMIN SHOPPE, Inc. VITRAN VMWARE, Inc. Vascular Solutions, Inc. Verizon Communications Vicor Corp W.R. GRACE & CO. WASTE CONNECTIONS, Inc. WATSCO, Inc. WEATHERFORD INTL., LTD. WESCO INTERNATIONAL, Inc. WESTERN ALLIANCE BANCORPORATION WESTWOOD HOLDINGS GROUP, INC. 4 WNS HOLDINGS LIMITED Washington Trust Bancorp, Inc. Wells Fargo Westell Technologies, Inc. Whirlpool Corp Xerox Corp Xilinx Yahoo ZHONE TECH Zimmer Holdings Zions Bancorp eBay
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here