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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Coming Week: More Data, More Trouble

With the presidential inauguration in the rear-view mirror, investors must now roll up their sleeves and get to work on sorting through a glut of earnings releases and economic data expected in the coming week.

Oh, and President Barack Obama's $825 billion stimulus plan will go to a vote in Congress, and the confirmation of Treasury secretary nominee Timothy Geithner is anticipated.

If you thought this holiday-shortened week was a wild ride for the stock market, the worst may be yet to come.

"Next week is going to be a very busy week," says Chip Hanlon, president of Delta Global Advisors. "There's a lot of data and all of it is expected to be crummy. The only question is whether it's a little less crummy than expected. And that possibility exists. It's possible we could see a little relief if we see some data that's not quite as bad as we're expecting."

Perhaps the biggest catalyst for the stock market will be the proposed stimulus plan, which overcame a significant hurdle Thursday when it was passed by the House Appropriations Committee. The Senate Finance Committee said it will consider the package on Tuesday, and House Speaker Nancy Pelosi expects to bring the plan to the floor this week. President Obama says that Congress is on target to approve the plan by the President's Day holiday on Feb. 16.

"The market has been looking forward to getting this stimulus package out of the way for quite some time. How long have we been talking about this?" asked Paul Mendelsohn, chief investment strategist with Windham Financial. "The market reacts negatively to uncertainty, and this has been what has put it under pressure."

Stock quotes in this article: CAT, MCD, BA 

Select the service that is right for you!

COMPARE ALL SERVICES
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.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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