Market Features

Coming Week: Bankruptcy Watch

 

Economic Data Streams In

Several economic releases for February are due out during the week. Reports on retail sales, the Treasury budget, and import and export prices for last month will all come due, in addition to releases on weekly jobless claims, business inventories and the trade balance for January, and the March read on consumer sentiment from the University of Michigan.

In addition, Federal Reserve Chairman Ben Bernanke will once again travel to Capitol Hill, this time appearing Tuesday before the Council on Foreign Relations to discuss financial reform and systematic risk.

Bernanke made headlines in the past week when he told the Senate Budget Committee that no other bailout has made him "angrier" than that of embattled insurance giant American International Group(AIG), which received another handout from the U.S. government on Monday worth $30 billion.

"We're looking for a little bit more guidance from Bernanke this week," Lydon said. "There needs to be some trust. If things are bad, let everyone know. If you don't know how bad things are, say it. Just saying that you're angry doesn't cut it."

Earnings Flood Subsides

The earnings calendar is fairly light over the next five sessions, with apparel retailers accounting for a bulk of the quarterly earnings reports. Aeropostale(ARO), Hot Topic (HOTT), J. Crew(JCG), American Eagle(AEO), Bon-Ton Stores(BONT) and Dick's Sporting Goods(DKS) are all out with results during the week.

JA Solar (JASO), video game maker Take-Two(TTWO), Smith & Wesson (SWHC) and Staples (SPLS), among others, are also expected to report earnings next week.

Approaching Quarter End

The end of next week only marks the midpoint of March, but market analysts say that investors should be wary about the end of the first quarter. It's no secret that earnings are expected to be dismal given the economic problems that have continued to burn companies over the last few months.

"Nobody is talking about first-quarter earnings yet and how dire they are going to be," Lydon said. "Even looking just a few weeks out, investors will need to start factoring this in. It compounds the negative news for the market."

RealMoney Barometer Poll
1 What would best describe your stance heading into the coming week of trading?
Bullish
Bearish
Neutral
2 Which of these sectors do you think is set to move up in the coming week?
3 Which of these sectors do you think is set to move down in the coming week?


View the results without voting

>To order reprints of this article, click here: Reprints

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
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.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet