This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Coming Week: Net Positive

Peter Cardillo, chief market strategist at SW Bach, believes corporate earnings will "recharge the rally" next week.

Dow component Alcoa is scheduled to report a 41 cents-per-share profit on Monday compared with 34 cents last year. Nortel Networks and Genentech (DNA) also are on tap Monday.

On Tuesday, Intel is due to report, followed by Apple Computer on Wednesday and Sun Microsystems (SUNW) on Thursday.

Analysts expect Intel to earn 31 cents a share on revenue of $9.4 billion. The company raised its sales estimate for the quarter last month, citing strong demand for servers, chipsets and notebook computers. Apple is expected to post a profit of 48 cents a share compared with just 16 cents last year, as sales of the firm's iPod music player remained strong. Sun should earn a penny after losing 3 cents a share last year.

On average, analysts expect earnings to rise a respectable 15.2% in the fourth quarter. But Briggs said he isn't expecting much reaction from investors. "I don't think we'll rally sharply, but don't think we're going to fall apart either," he said.

While earnings will probably take center stage, a handful of economic reports also could influence trade. Import and export prices and the producer price index, due Thursday and Friday, respectively, will be particularly significant after the Fed said earlier this week that inflation could become a problem unless interest rates continue to go up.

The PPI is expected to fall 0.1%, while the core rate is seen climbing 0.2%. Retail sales for December also will be closely watched. Economists are looking for a gain of 0.7%, or 0.4% excluding autos.

Last month, nonfarm payrolls increased by 157,000, slightly below the consensus estimate of 175,000. In addition, wages rose a meager 0.1%, suggesting that fears of inflation might be overblown.

Other reports of note next week include wholesale inventories on Monday, the trade balance and Treasury budget on Wednesday, and business inventories and industrial production data on Friday.

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs