Five Stock Market Changers to Watch This Week

Five Stock Market Changers
to Watch This Week

Economic growth: Final gross domestic product (GDP) for the second quarter will be announced Thursday (8:30 a.m.). Preliminary results in August took growth from an expected 2.4 percent down to 1.6 percent. In the wake of hard-to-parse Fed pronouncements on the economy, investors will be extra sensitive to any decline in the final report.

Manufacturing: A compilation of various data points from hundreds of manufacturers, the ISM Manufacturing Index (Friday 10 a.m.) will help end double-dip chatter if it repeats its August performance, when the index rose to 56.3 (50 or lower indicates economic contraction). Reversing course sharply, however, could hammer stocks.
Income and spending: With the Fed out of bullets and dithering on new easing, it’s up to consumers to turn things around. We already know jobs are scarce, so personal income and outlays (Friday 8:30 a.m.) will be closely watched for signs of a pulse among America’s legions of shoppers. Consumer confidence figures (Tuesday 10 a.m.) could affect trading as well.

Fed chatter: Philly Fed Chief Charles Plosser will speak on unwinding monetary stimulus on Wednesday (12:30 p.m.) and New York Fed Chief William Dudley talks to business journalists on Friday (8:30 a.m.).

 

Major earnings: Cal-Maine Foods, Jabil Circuit, Paychex (Monday), Matrix Service, Walgreens, Landec, Sealy, SMSC (Tuesday), Actuant, American Greetings, Family Dollar, Zale, Thor Industries, Allscripts-Misys Healthcare, Micron, Omnova Solutions, Synnex, Xyratex (Wednesday), American Apparel, CRA Intl., McCormick, Accenture, AZZ, Christopher & Banks, Demandtec, Immucor, Lawson Software, Resources Connect, Smart Modular Tech (Thursday).

from www.moneynews.com

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