BALTIMORE ( Stockpickr) -- It's data Thursday -- and that means that economic data is getting the spotlight today as investors search for the next direction in stocks.
This morning, jobs, inflation and trade numbers have already hit Wall Street, with the trickle of information set to continue throughout the day. But economic stats are only part of it; a new earnings season is also underway this week. Those earnings numbers have the biggest potential to reignite the stock rally in April, particularly with the poor expectations analysts have laid out for the first quarter of 2012.
From a technical standpoint, Mr. Market is down but not out. While this latest pullback is deeper than the one we saw in March, the uptrend in the S&P 500 is still intact. That gives traders reason to get ready for another leg of this rally -- and reason for us to take a technical look at five of Wall Street's big-name stocks this week.