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!

Health Care Vote Critical to Coming Week

That's not to say that the vote on health care will render a week's worth of economic data meaningless. Suskind says that with such a large focus on what the Federal Reserve's next step will be, macroeconomic numbers will be heavily scrutinized.

The first release, existing-home sales data for February, will arrive Tuesday at 10 a.m. EDT alongside the Federal Housing Finance Agency's home price index for January.

Wednesday's release schedule is headlined by the February read on durable goods orders, due at 8:30 a.m. EDT. Investors will also get new-home sales statistics for February Wednesday, as well as weekly crude inventory data from the Energy Department.

Jobs data will be in focus Thursday with the Labor Department's weekly initial jobless claims report due at 8:30 a.m. EDT, followed Friday by the government's last estimate on fourth-quarter gross domestic product growth and the final read on the University of Michigan's consumer sentiment index for March.

On the earnings front, one S&P 500 company will report fourth-quarter results and another 13 will open the books on their first quarter. Among them are Best Buy (BBY), Oracle (ORCL), Tiffany (TIF), Adobe Systems (ADBE), Walgreen (WAG), General Mills (GIS) and Lennar (LEN).

Market analysts also note that the end of the first quarter is on the horizon. With the U.S. averages near their highest level for the year, they argue that window dressing could begin to come into play in the coming week.

"Are people going to take profits or try to catch up with this market? When does the window dressing start?" Suskind asks. "A lack of volume recently may mean more cash coming in for another leg up as they chase the rally."

Pavlik says that money is coming out of money market funds and going into stocks, making him less concerned over the long term about quarter-end window dressing. "Again, it's short-term noise," he says.

Instead, Pavlik says he will be closely watching action in the bond market, as a supply of $175 billion in securities will be offered in the next five trading sessions.

2 of 3

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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