下周看点很多

不容易啊

各大行陆续季报，年报登场；周三beige book; 周四老伯讲话……

http://www.cnbc.com/id/101327985


NEW YORK, Jan 10 (Reuters) - After the S&P 500's impressive 30 percent return in 2013, Wall Street will get a better picture of reality next week as the pace of companies reporting earnings picks up.

A number of big banks are due to report their quarterly and full-year results next week, including JPMorgan Chase & Co and Wells Fargo & Co on Tuesday, Bank of America Corp on Wednesday, Goldman Sachs Group Inc and Citigroup Inc on Thursday, and Morgan Stanley on Friday.

Their results will help determine whether earnings forecasts for 2014 need to come down and whether stock values have become overblown.

"There isn't much left to happen to this market, in terms of the view of an expanding economy. It is generally agreed by everyone that the economy is improving. What isn't clear is whether earnings are improving at the same pace the market is. That's the next big test for equities," said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey.

For the first full trading week in January, the Standard & Poor's 500 Index rose 0.6 percent and the Nasdaq Composite Index climbed 1 percent, while the Dow Jones industrial average slipped 0.2 percent.

Investors may get a better sense of how quickly the central bank will reduce its market-friendly bond purchases from a number of Federal Reserve officials due to speak next week. A much weaker-than-expected December payrolls report on Friday raised new questions about both the strength of the economy and the aggressiveness of Fed stimulus.

Federal Reserve Bank of Atlanta President Dennis Lockhart is scheduled to speak at events on Monday and Wednesday, while Fed Chairman Ben Bernanke is set to speak on Thursday.

The Fed's Beige Book is due on Wednesday.

A batch of December data will be released next week, with retail sales on Tuesday, the U.S. Producer Price Index on Wednesday, the U.S. Consumer Price Index on Thursday and housing starts on Friday. Another number to note on Friday will be the preliminary January reading on U.S. consumer sentiment from the Thomson Reuters/University of Michigan Surveys of Consumers.

HEALTHY EARNINGS OUTLOOK

For the whole S&P 500, fourth-quarter profit growth is expected to have increased 7.7 percent from a year ago, while revenue is expected to have risen just 0.4 percent, Thomson Reuters data showed. The benchmark S&P 500 rose 9.9 percent in the fourth quarter of last year, while it jumped 29.6 percent for 2013, its best year since 1997.

Among other earnings to watch next week, General Electric Co is expected to report a spike in fourth-quarter profit on Friday with the help of the record $229 billion backlog of orders for jet engines, oil pumps and healthcare equipment.

American Express Co's fourth-quarter results on Thursday are expected to beat estimates, helped by increased card spending and lower default rates among customers.

……

oldpigwang

源济

谢谢！周末愉快！

不容易啊

What to watch

Monday

12:40 p.m. Atlanta Fed President Dennis Lockhart on economy

2:00 p.m. Federal budget

Tuesday

Earnings: JPMorgan Chase, Wells Fargo, Shaw Communications, Linear Tech

7:30 a.m. NFIB small business survey

8:30 a.m. Retail sales

8:30 a.m. Import prices

10:00 a.m. Business inventories

12:45 p.m. Philadelphia Fed President Charles Plosser

1:20 p.m. Dallas Fed President Richard Fisher on economy

Wednesday

Earnings: Bank of America, Fastenal, CSX, Kinder Morgan, Clarcor, Plexus

8:30 a.m. PPI

8:30 a.m. Empire State survey

12:50 p.m. Chicago Fed President Evans on economy and policy

2:00 p.m. Beige book

5:45 p.m. Atlanta Fed's Lockhart on economy and policy

Thursday

Earnings: BlackRock, Citigroup, Goldman Sachs, Taiwan Semiconductors, UnitedHealth, BB&T, Charles Schwab, First Republic Bank, American Express, Intel, PNC Financial, Capital One, Sallie Mae, People's United, Skyworks Solutions

8:30 a.m. Initial claims

8:30 a.m. CPI

9:00 a.m. Treasury international capital flows data

9:15 a.m. San Francisco Fed President John Williams on zero rate policy

10:00 a.m. Philadelphia Fed survey

10:00 a.m. NAHB survey

11:10 a.m. Fed Chairman Ben Bernanke at Brookings Institution's Conference on Central Banking after the Great Recession

Friday

Earnings: General Electric, Morgan Stanley, Schlumberger, Bank of NY Mellon, Comerica, SunTrust, Wipro

8:30 a.m. Housing starts

9:15 a.m. Industrial production

9:55 a.m. Consumer sentiment

10:00 a.m. JOLTS

12:30 p.m. Richmond Fed President Jeffrey Lacker

jasmine