The Economy and Earnings in the Week Ahead
October 15, 2012

A Busy Week Ahead For The Economy!

Stock Market Earnings Season Kicks Into High Gear!

by Ian Harvey


The Key Events in the Week Ahead

October 13, 2012


Third-quarter earnings season kicks into high gear in the week ahead with reports from several financial and technology bellwethers. Also due are economic reports from across a spectrum of important sectors.

Many multinationals with exposure to the slowing global economy are among the dozen Dow components and 80 S&P 500 companies reporting earnings. General Electric, IBM, Microsoft, Intel, Citigroup, McDonald’s and Coca-Cola are among them.

The election seems to come and go in terms of its impact. The tendency of the market is to trade with earnings – which are still the driver of stocks despite the fact that investors get distracted by all the policy measures. While the election on any given day will be a focus, it’s really all about earnings. There obviously is a connection between the election and earnings because the winner can affect policy. For now, the investor is going with what the companies are telling us.

Earnings in the Week Ahead

The stock market ramps into high gear this week, with 200 companies reporting results, including 80 from the S&P 500. It will be in much easier to comment on this reporting season by the end of the week, as by then we will have seen results from more than one-fifth of the S&P 500 members.

Third-quarter earnings season kicks into high gear in the week ahead with earnings reports from several financial and technology bellwethers. Also due are economic reports from across a spectrum of important sectors.

Citigroup (C) gets things rolling on Monday with Goldman Sachs Group (GS), Bank of America (BAC), American Express (AXP), and Morgan Stanley (MS) following.

Technology companies reporting in the week ahead include Google (GOOG), Intel (INTC), International Business Machines (IBM), Microsoft (MSFT) and eBay (EBAY).

Also on tap in the week ahead are Johnson and Johnson (JNJ), Coca Cola (KO), and Halliburton (HAL).




Company Earnings and News in the Week Ahead

Monday, October 15

Citigroup (C) will report earnings before Monday’s opening bell. Although earnings results from rivals JPMorgan Chase (JPM) and Wells Fargo (WFC) failed to excite Wall Street Friday, but the banking sector is still worth a look.

The banking group is cheap. The companies are making a great deal of money and they will soon be returning billions of dollars to shareholders, thanks to the robust mortgage market.

Unfortunately for Citi, though, there is a doubt it will have enough mortgage business to offset its weakness in emerging markets.

Tuesday, October 16

Coca-Cola (KO) is scheduled to deliver earnings Tuesday morning.

KO certainly outshone last quarter and it’s even a better bet that this time will be just as good or even better because the dollar has gotten weaker versus where it was the last time they reported -- that’s going to make for a potential upside surprise for this huge international company.

Coke has produced “incredibly strong” sales numbers in Asia lately -- it’s a very well-run company, too. This stock is worth considering.

Goldman Sachs (GS) is also slated to report earnings before Tuesday’s open.

The investment bank may give us a sense as to whether business is really coming back. The questions to consider in regard to GS are:-

• Has the government curtailed the opportunities Goldman used to have to make lots of money?

• Has the bountiful corporate bond issuance business made up for the dearth of IPOs and mergers and acquisitions?

Earnings results from Johnson & Johnson (JNJ) will also be presented. Alex Gorsky, the company’s new CEO, has been at the helm for some time. So he hopes to hear about a possible break-up. If Gorsky does mention something along those lines, then it is probable that the stock could instantly shoot $15 higher.

After the close, IBM (IBM) will also be reporting earnings. This is a consistent grower which is taking share. They are buying back stock with a new hardware product cycle – very few stocks give you what IBM has -- and it is probable that IBM delivers once again despite the slowdown in Europe.

Wednesday, October 17

Bank of America (BAC) will announce earnings before Wednesday’s opening bell.

The great untold story about this company is how it has systematically been cleaning up its balance sheet and buying in expensive debt left over from the bad old days -- with fewer foreclosures and some major settlements for liabilities, Bank of America is putting the past behind it.

So long as the bank stocks continue to get hammered, it is worth considering BAC as a buy ahead of earnings.

PepsiCo (PEP) will also report earnings Wednesday morning.

Pepsi’s last quarter was quite good -- its restructuring plans are already paying off while the company’s international growth will provide upside for its stock. It will be helpful if executives break down the strength of particular brands on a country-by-country basis and address New York City’s recent ban on large-sized sodas.

Thursday, October 18

Union Pacific (UNP) is expected to report earnings before Thursday’s open.

From its assessment of the coal industry, cro

ps or intermodal freight, there are many reasons to listen to this railroad’s conference call. Union Pacific has re-priced many of its contracts lately, too, which should improve margins. This stock might be worth buying on a pullback ahead of the quarter.

After the close, Chipotle Mexican Grill (CMG) will report its quarterly results. This is a damaged stock.

A bunch of boutique investment firms came out in the last few days, saying alternately that same-store sales are back on a higher trajectory for Chipotle and that those sales would disappoint – this is complete contrast to other information! Unless we hear about a 9 to 10 percent same store-sales gain, you’re likely going to get still one more leg down in this stock, as there are a lot of smart short-sellers in the name.

Google (GOOG) will also deliver earnings Thursday. This will be one of the hottest momentum stocks going into the end of the year. For those interested in playing it ahead of the quarter, it is worth considering deep-in-the-money call options.

Also, Microsoft (MSFT) is also expected to announce earnings Thursday. The company will likely discuss Window 8, which it’s preparing to launch soon. Being as the PC market is struggling, though, how bad will Microsoft’s quarter be?

Friday, October 19

General Electric (GE) is to report earnings Friday. The conglomerate has been very bullish lately -- how much more bullish executives will be on the conference call, including the possibility of dividend boost is yet to be seen.

Finally, Honeywell (HON) will also announce earnings Friday.

This is about the only major industrial that has consistently guided above the street or reaffirmed with some degree of upside. The world has slowed since it spoke last, though, and it is feared that the streak may be broken. If this is so, then you will be able to get this stock in the mid-$50s, it will be a steal.

Earnings to Watch in the Week Ahead





DLTR Aug 110 Calls 32% UIS Oct 17 Calls 79%
HSY Aug 70 Calls 56% TSO Nov 25 Calls 54%
NKE Oct 92.50 Calls 49% HLF July 47.50 Calls (again) 38%
FB Aug 25.00 Puts 500% DISH Sept 30.00 Calls 100%
APPL Jan 13 650.00 Calls 71% CSTR Oct 42.50 Puts 400%
LNKD Aug 92.50 Puts 30% LNKD Aug 100.00 Calls 250%
SLV Nov 30.00 Calls 114% JCP Nov 25.00 Calls 67%
GLD Nov 165.00 Calls 72% LVS Dec 45.00 Calls 67%
GLD Oct 170.00 Calls 52% MON Jan 2013 87.50 Calls 26%

Economy in the Week Ahead

There is a full economic calendar in the week ahead, with retail sales, the Empire State Manufacturing Survey, and business inventories out on Monday. Then on Tuesday, we get the Consumer Price Index, which may be interesting, as the Producer Price Index last Friday was higher than expected at 1.1%.

Also out Tuesday are industrial production numbers and the Housing Sentiment Index. The charts on the homebuilding stocks do look overextended, so this report may be quite interesting. This report provides a reading not only on the demand for housing, but also the homebuilders' view of economic momentum, and therefore may impact the markets.

More data from this sector follows on Wednesday with housing starts, and then Friday brings existing home sales. Of course, on Thursday we get the jobless claims, which dropped sharply last week, but the report was discounted due to a lack of quarterly data from one state. On Thursday, we also get the Philadelphia Fed Survey on manufacturing, as well as the Leading Indicators.




Here is a brief list of some of the key events in the week ahead.

All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.


Earnings: Citigroup (C), Gannett(GCI), Charles Schwab (SCHW)


• 8:00 a.m. New York Fed President William Dudley
• 8:30 a.m. Retail sales
• 8:30 a.m. Empire State survey
• 10:00 a.m. Business inventories
• 12:45 p.m. Richmond Fed President Jeffrey Lacker
• 1:10 p.m. St. Louis Fed President James Bullard on economy
• 8:30 p.m. San Francisco Fed President John Williams


Earnings: Coca-Cola(KO), Goldman Sachs (GS), Johnson and Johnson (JNJ), United Health, Intel, IBM, Mattel, PNC Financial, CSX, Cree, Intuitive Surgical


• 8:30 a.m. CPI
• 9:00 a.m. Treasury international capital flows
• 9:15 a.m. Industrial production
• 10:00 a.m. NAHB housing
• 12:00 p.m. Atlanta Fed President Dennis Lockhart
• 9:00 p.m. Second presidential debate


Earnings: Bank of America (BAC), PepsiCo (PEP), American Express (AXP), Ebay (EBAY), US Bancorp (USB), Quest Diagnostics (DGX), Stryker, Kinder Morgan, Bank of NY Mellon, Blackrock (BLK), Northern Trust, Halliburton (HAL)


• 7:00 a.m. Weekly mortgage applications
• 8:30 a.m. Housing starts
• 10:30 a.m. EIA oil inventories


Earnings: Microsoft (MSFT), Google (GOOG), Morgan Stanley (MS), Philip Morris (PM), Travelers, Union Pacific, Verizon (VZ), Advanced Micro Devices, Nokia (NOK), Chipotle (CMG) Capital One (COF), Sunoco (SXL), Key Corp, Genuine Parts, Danaher, Etrade (ETFC)


• 8:30 a.m. Jobless claims
• 10:00 a.m. Philadelphia Fed survey
• 10:00 a.m. Leading indicators


Earnings: General Electric (GE), McDonald’s (MCD), Schlumberger, Air Products, Honeywell (HON), Ingersoll-Rand (IR), Baker Hughes


• 10:00 a.m. Existing home sales
• 10:00 a.m. Regional/state employment data

CLICK HERE for a complete list of companies reporting in the week ahead.

Here is a list of the 200 companies reporting this week, including 80 S&P 500 members:

Company Ticker Current Qtr Year-Ago Qtr Last EPS Surprise % Report Day Time
CITIGROUP INC C 0.97 1.23 7.95 Monday BTO
GANNETT INC GCI 0.54 0.44 5.66 Monday BTO
ICU MEDICAL INC ICUI 0.69 0.65 5 Monday AMC
JOES JEANS INC JOEZ 0 -0.01 100 Monday AMC
PACKAGING CORP PKG 0.56 0.43 6.52 Monday AMC
SCHWAB(CHAS) SCHW 0.17 0.18 11.11 Monday BTO
WD 40 CO WDFC 0.7 0.61 -6.56 Monday AMC
APOLLO GROUP APOL 0.49 1.02 25 Tuesday AMC
BANCO LATINOAME BLX 0.59 0.44 8.93 Tuesday AMC
CATHAY GENL BCP CATY 0.33 0.28 3.13 Tuesday AMC
COCA COLA CO KO 0.5 0.51 2.52 Tuesday BTO
COMMERCE BANCSH CBSH 0.77 0.76 16.67 Tuesday BTO
CREE INC CREE 0.18 0.17 23.08 Tuesday AMC
CSX CORP CSX 0.43 0.43 4.26 Tuesday AMC
DOMINOS PIZZA DPZ 0.41 0.35 2.17 Tuesday BTO
FOREST LABS A FRX 0.02 0.91 -16 Tuesday BTO
FORTINET INC FTNT 0.11 0.11 -20 Tuesday AMC
FULTON FINL FULT 0.2 0.2 0 Tuesday AMC
GOLDMAN SACHS GS 2.22 -0.84 56.14 Tuesday BTO
GRAINGER W W GWW 2.91 2.51 0 Tuesday BTO
INTEL CORP INTC 0.5 0.65 7.69 Tuesday AMC
INTERACTIVE BRK IBKR 0.33 0.5 -22.73 Tuesday AMC
INTL BUS MACH IBM 3.61 3.28 2.63 Tuesday AMC
INTUITIVE SURG ISRG 3.48 3.05 6.23 Tuesday AMC
IRONWOOD PHARMA IRWD 0.15 -0.21 -18.75 Tuesday BTO
JOHNSON & JOHNS JNJ 1.21 1.24 0.78 Tuesday BTO
LINEAR TEC CORP LLTC 0.46 0.48 -4.35 Tuesday AMC
MANHATTAN ASOC MANH 0.61 0.59 22.81 Tuesday AMC
MARTEN TRANS MRTN 0.3 0.29 3.03 Tuesday AMC
MATTEL INC MAT 0.99 0.86 33.33 Tuesday BTO
MERCANTILE BANK MBWM 0.34 0.3 33.33 Tuesday BTO
OMNICOM GRP OMC 0.73 0.72 0.99 Tuesday BTO
PINNACLE FIN PT PNFP 0.3 0.21 9.52 Tuesday AMC
PNC FINL SVC CP PNC 1.61 1.55 14.55 Tuesday BTO
RENASANT CORP RNST 0.26 0.25 8.7 Tuesday AMC
SONIC CORP SONC 0.24 0.2 9.09 Tuesday AMC
STANLEY FURN CO STLY -0.06 -0.12 -25 Tuesday AMC
STATE ST CORP STT 0.96 0.96 2.02 Tuesday BTO
UNITEDHEALTH GP UNH 1.3 1.17 6.72 Tuesday BTO
UTD RENTALS INC URI 1.11 0.92 8.2 Tuesday AMC
WINTRUST FINL WTFC 0.56 0.65 10.64 Tuesday AMC
WOLVERINE WORLD WWW 0.72 0.82 -6.82 Tuesday BTO
ABBOTT LABS ABT 1.28 1.18 0.82 Wednesday BTO
ALBEMARLE CORP ALB 1.09 1.28 0.81 Wednesday AMC
ALIGN TECH INC ALGN 0.29 0.27 21.43 Wednesday AMC
AMER EXPRESS CO AXP 1.09 1.03 4.55 Wednesday AMC
AMPHENOL CORP-A APH 0.89 0.81 2.38 Wednesday BTO
ASML HOLDING NV ASML 0.86 1.14 0 Wednesday BTO
ASTORIA FINL CP AF 0.13 0.12 0 Wednesday AMC
BADGER METER BMI 0.47 0.46 -3.7 Wednesday BTO
BANK OF AMER CP BAC 0 0.28 26.67 Wednesday BTO
BANK OF NY MELL BK 0.54 0.53 14 Wednesday BTO
BLACKROCK INC BLK 3.28 2.83 2.31 Wednesday BTO
BOSTON PRIV FIN BPFH 0.17 0.13 0 Wednesday AMC
CHECK PT SOFTW CHKP 0.73 0.68 -1.39 Wednesday BTO
COMERICA INC CMA 0.65 0.62 22.58 Wednesday BTO
CORE LABS NV CLB 1.1 0.89 -0.87 Wednesday AMC
COVANTA HOLDING CVA 0.25 0.24 25 Wednesday AMC
CROWN HLDGS INC CCK 1 1.01 0 Wednesday AMC
CVB FINL CVBF 0.16 0.21 9.52 Wednesday AMC
DOVER CORP DOV 1.28 1.2 0.88 Wednesday BTO
EAST WEST BC EWBC 0.47 0.41 2.17 Wednesday AMC
EBAY INC EBAY 0.46 0.42 8.33 Wednesday AMC
ETHAN ALLEN INT ETH 0.29 0.25 -6.9 Wednesday AMC
EXPONENT INC EXPO 0.64 0.6 20 Wednesday AMC
FIRST CASH FINL FCFS 0.68 0.59 0 Wednesday BTO
FIRST REP BK SF FRC 0.71 0.66 -1.64 Wednesday BTO
HALLIBURTON CO HAL 0.68 0.94 6.67 Wednesday BTO
HERITAGE-CRYSTL HCCI 0.12 0.03 -22.22 Wednesday AMC
HNI CORP HNI 0.55 0.55 0 Wednesday AMC
HOME BANCSHARES HOMB 0.56 0.48 5.56 Wednesday AMC
K12 INC LRN 0.17 0.18 225 Wednesday BTO
KINDER MORG ENG KMP 0.58 0.44 -21.28 Wednesday AMC
KNIGHT CAP GP KCG -2 0.48 100 Wednesday BTO
KNOLL INC KNL 0.3 0.39 16.67 Wednesday BTO
LAM RESEARCH LRCX 0.41 0.63 -4.76 Wednesday AMC
LASALLE HTL PRP LHO 0.7 0.5 -2.7 Wednesday AMC
LINDSAY CORP LNN 0.75 0.46 8.09 Wednesday BTO
M&T BANK CORP MTB 1.84 1.53 3.57 Wednesday BTO
MELLANOX TECH MLNX 0.92 0.2 43.64 Wednesday AMC
NOBLE CORP NE 0.51 0.49 3.51 Wednesday AMC
NORTHERN TRUST NTRS 0.74 0.72 -1.33 Wednesday BTO
NVE CORP NVEC 0.62 0.52 7.81 Wednesday AMC
PACIFIC CONTL PCBK 0.16 0.14 21.43 Wednesday AMC
PEPSICO INC PEP 1.16 1.31 2.75 Wednesday BTO
PIPER JAFFRAY PJC 0.32 -0.23 34.78 Wednesday BTO
PLATINUM UNDRWT PTP 0.77 -1.63 3.33 Wednesday AMC
PREFERRED BANK PFBC 0.17 0.15 0 Wednesday AMC
QUEST DIAGNOSTC DGX 1.18 1.18 -0.85 Wednesday BTO
RLI CORP RLI 0.91 1.23 1.74 Wednesday AMC
SELECT COMFORT SCSS 0.4 0.31 11.11 Wednesday AMC
SLM CORP SLM 0.54 0.36 -9.26 Wednesday AMC
SMITH (AO) CORP AOS 0.68 0.39 11.94 Wednesday BTO
ST JUDE MEDICAL STJ 0.8 0.78 1.15 Wednesday BTO
STANLEY B&D INC SWK 1.45 1.34 -13.16 Wednesday BTO
STEEL DYNAMICS STLD 0.12 0.19 5.26 Wednesday AMC
STRYKER CORP SYK 0.98 0.91 0 Wednesday AMC
TAYLOR CAP GRP TAYC 0.33 0.27 70.83 Wednesday BTO
TEXTRON INC TXT 0.51 0.45 31.82 Wednesday BTO
UMPQUA HLDGS CP UMPQ 0.22 0.19 0 Wednesday AMC
UNIFIRST CORP UNF 1.01 0.9 17.17 Wednesday BTO
UNIVL FST PRODS UFPI 0.38 0.29 -5.63 Wednesday AMC
US BANCORP USB 0.74 0.64 2.9 Wednesday BTO
WESTAMER BANCP WABC 0.73 0.79 0 Wednesday
WNS HLDGS-ADR WNS 0.21 0.26 17.65 Wednesday BTO
XILINX INC XLNX 0.41 0.47 4.44 Wednesday AMC
ACACIA RES-TECH ACTG 0.22 0.34 -4.76 Thursday AMC
ADV MICRO DEV AMD 0.01 0.15 -14.29 Thursday AMC
ALLIANCE DATA ADS 2.13 2.16 3.37 Thursday BTO
ASSOC BANC CORP ASBC 0.25 0.2 0 Thursday AMC
ATHENAHEALTH IN ATHN 0.17 0.15 -25 Thursday AMC
B&G FOODS CL-A BGS 0.32 0.25 10 Thursday AMC
BANCORPSOUTH BXS 0.22 0.14 10 Thursday AMC
BAXTER INTL BAX 1.14 1.09 0.9 Thursday BTO
BB&T CORP BBT 0.7 0.52 4.35 Thursday BTO
BLACKSTONE GRP BX 0.42 -0.31 46.15 Thursday BTO
BOSTON SCIENTIF BSX 0.11 0.15 54.55 Thursday BTO
BRIGGS & STRATT BGG -0.18 -0.11 -21.43 Thursday BTO
BUILDERS FIRSTS BLDR -0.06 -0.07 -40 Thursday AMC
CAPITAL ONE FIN COF 1.74 1.88 -75.56 Thursday AMC
CEPHEID INC CPHD -0.05 0.03 50 Thursday AMC
CHIPOTLE MEXICN CMG 2.3 1.9 11.79 Thursday AMC
CITY NATIONAL CYN 0.92 0.77 14.77 Thursday AMC
COBIZ FINL INC COBZ 0.13 0.05 27.27 Thursday AMC
CYPRESS SEMICON CY 0.05 0.23 100 Thursday BTO
CYS INVESTMENTS CYS 0.42 0.41 4.26 Thursday BTO
DANAHER CORP DHR 0.78 0.73 1.25 Thursday BTO
DIAMOND OFFSHOR DO 1 1.85 21.11 Thursday BTO
E TRADE FINL CP ETFC 0.08 0.24 18.18 Thursday AMC
EASTGROUP PPTYS EGP 0.77 0.75 0 Thursday AMC
FAIRCHILD SEMI FCS 0.17 0.34 -12.5 Thursday BTO
FIFTH THIRD BK FITB 0.39 0.4 2.86 Thursday BTO
FLEXTRONIC INTL FLEX 0.22 0.19 5 Thursday AMC
FORWARD AIR CRP FWRD 0.4 0.44 4.35 Thursday AMC
GATX CORP GMT 0.66 0.67 31.15 Thursday BTO
GENUINE PARTS GPC 1.12 0.97 0 Thursday BTO
GOOGLE INC-CL A GOOG 8.65 8.33 0.69 Thursday AMC
HANMI FINL CP HAFC 0.42 0.24 -76.32 Thursday BTO
HEALTHWAYS INC HWAY 0.13 0.28 114.29 Thursday AMC
HUBBELL INC -B HUB.B 1.44 1.37 4.88 Thursday BTO
HUNTINGTON BANC HBAN 0.17 0.16 13.33 Thursday BTO
INDEP BK MASS INDB 0.56 0.56 -17.31 Thursday AMC
INSTEEL INDS IIIN 0.1 0.04 -58.33 Thursday BTO
ITERIS INC ITI 0.02 0.03 -50 Thursday AMC
KEYCORP NEW KEY 0.21 0.24 27.78 Thursday BTO
LABORATORY CP LH 1.74 1.61 -0.56 Thursday BTO
LATTICE SEMICON LSCC -0.01 0.12 88.89 Thursday AMC
LIFE TIME FITNS LTM 0.77 0.66 1.39 Thursday BTO
MICROSOFT CORP MSFT 0.58 0.68 15.87 Thursday AMC
MORGAN STANLEY MS 0.25 1.14 -62.79 Thursday BTO
MYERS INDS MYE 0.2 0.14 0 Thursday BTO
NCR CORP-NEW NCR 0.59 0.53 10.17 Thursday AMC
NETSCOUT SYSTMS NTCT 0.23 0.22 14.29 Thursday BTO
NOKIA CP-ADR A NOK -0.12 0.04 9.09 Thursday BTO
NUCOR CORP NUE 0.43 0.57 -4.26 Thursday BTO
OCEANFIRST FINL OCFC 0.29 0.28 3.45 Thursday AMC
PENN NATL GAMNG PENN 0.57 0.62 0 Thursday BTO
PEOPLES UTD FIN PBCT 0.19 0.19 0 Thursday AMC
PHILIP MORRIS PM 1.39 1.37 1.49 Thursday BTO
PIXELWORKS INC PXLW 0 -0.06 37.5 Thursday AMC
POLARIS INDUS PII 1.2 0.95 5.38 Thursday BTO
POOL CORP POOL 0.56 0.5 -0.74 Thursday BTO
PPG INDS INC PPG 2.21 1.96 0 Thursday BTO
PREMIERE GLOBAL PGI 0.15 0.14 -5.88 Thursday AMC
RIVERBED TECH RVBD 0.14 0.12 -10 Thursday AMC
SANDISK CORP SNDK 0.3 1.14 -11.76 Thursday AMC
SANDY SPRING SASR 0.36 0.47 9.09 Thursday BTO
SNAP-ON INC SNA 1.23 1.16 8.33 Thursday BTO
SONOCO PRODUCTS SON 0.52 0.66 0 Thursday BTO
SOUTHWEST AIR LUV 0.14 0.15 9.09 Thursday BTO
TRAVELERS COS TRV 1.52 0.79 -8.03 Thursday BTO
TRINITY BIOTECH TRIB 0.2 0.18 0 Thursday
ULTRATECH STEP UTEK 0.42 0.39 5.13 Thursday BTO
UNION PAC CORP UNP 2.19 1.85 7.14 Thursday BTO
USG CORP USG -0.1 -0.67 -25 Thursday BTO
VASCULAR SOLUTN VASC 0.15 0.1 15.38 Thursday AMC
VERIZON COMM VZ 0.65 0.56 0 Thursday BTO
WESCO INTL INC WCC 1.25 1.13 -4.96 Thursday BTO
WESTERN ALLIANC WAL 0.17 0.06 23.08 Thursday AMC
AIR PRODS & CHE APD 1.44 1.51 -1.5 Friday BTO
BAKER-HUGHES BHI 0.84 1.18 28.21 Friday BTO
COOPER INDS PLC CBE 1.14 0.98 0.89 Friday BTO
EDWARDS LIFESCI EW 0.56 0.38 3.08 Friday AMC
FIRST HRZN NATL FHN 0.18 0.12 0 Friday BTO
FIRST NIAGARA FNFG 0.18 0.25 -5.56 Friday BTO
GENL ELECTRIC GE 0.37 0.31 2.7 Friday BTO
HONEYWELL INTL HON 1.13 1.1 2.7 Friday BTO
IDEXX LABS INC IDXX 0.73 0.66 1.11 Friday BTO
INGERSOLL RAND IR 0.99 0.81 26.37 Friday BTO
KANSAS CITY SOU KSU 0.86 0.78 1.19 Friday BTO
MANPOWER INC WI MAN 0.68 0.97 5.56 Friday BTO
MCDONALDS CORP MCD 1.47 1.45 -4.35 Friday BTO
METROCORP BANCS MCBI 0.13 0.13 60 Friday AMC
PARKER HANNIFIN PH 1.74 1.91 2.62 Friday BTO
POPULAR INC BPOP 0.5 0.3 53.66 Friday BTO
ROBBINS & MYERS RBN 0.97 0.79 2.22 Friday BTO
SCHLUMBERGER LT SLB 1.06 0.98 5 Friday BTO
SENSIENT TECH SXT 0.66 0.64 0 Friday BTO
TCF FINL CORP TCB 0.18 0.2 11.11 Friday BTO
VALMONT INDS VMI 2.06 1.59 3.7 Friday BTO




Reports for the Economy to Watch in the Week Ahead
Monday, October 01

• We will get the September Retail Sales numbers and the October Empire State regional manufacturing survey in the morning, with both measures expected to modestly improve from the preceding month’s level. Retail Sales are expected to increase 1% on a ‘headline’ basis and 0.9% excluding Autos, up from Augusts’ 0.9% and 0.8% gains, respectively.

Tuesday, October 02

• We will get the September CPI and Industrial Production numbers in the morning, while the October Home Builder’s Index comes out after the market’s open. The Industrial Production report is expected to reverse Augusts’ 1.2% decline by showing 0.2% increase.

Wednesday, October 03

• We will get the September Housing Starts, with expectations at 773K vs. 750K in August.

Thursday, October 04

• Weekly Jobless Claims will be coming out this morning. It will be interesting to see if we get a reversal of the sharp drop in claims last week, which reportedly was caused by missing data from one state.

Friday, October 05

• We will get the September Existing Home Sales numbers after the market opens, with expectations of little change from the preceding month’s 4.8 million level.

Other Important Articles Relating to the Week Ahead

1. The Past Week Stock Market Results – October 15, 2012

2. The Week Ahead in the Stock Market – October 15, 2012

3. The Major ETFs in the Week Ahead – October 15, 2012

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