Week in Preview

Monday, April 30, 2007 | 07:08 AM

This week will be about Earnings and Payrolls.  Following that fugly GDP number, Friday's NFP is taking on greater importance -- especially the wage inflation aspect. Consensus is for 120k new jobs (it takes 150k to keep up with population growth).  The biggest drag on job growth has been construction and manufacturing.

Other economic data this week:

Monday: personal income and spending
Tuesday: vehicle sales (consensus is down 3%) and Institute for Supply Management
Wednesday: March factory orders 
Thursday: Q1 productivity, and ISM service-sector activity
Friday: NFP

There are still a slew of earnings coming in, and while the profits have been coming below last quarter's numbers, they are still way above the lowered 3-4% analysts consensus: Year-over-year, we're running about 7% so far.

Monday, Verizon reports
Tuesday is P&G and Archer Daniels Midland;
Wednesday
Time Warner
Thursday
GM, Starbucks and CBS
Friday:
Eastman Kodak (there's speculation EK is a private-equity target).


We get ALOT of speeches this week also: Chairman Ben Bernanke, Treaury Secretary Hank Paulson, St Louis Fed President William Poole, New York Fed President Timothy Geithner, Kansas City Fed President Thomas Hoenig -- anyone of these gentleman can move the markets, so keep an ear out.

Monday, April 30, 2007 | 07:08 AM | Permalink | Comments (8) | TrackBack (0)
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Comments

Hi,

what are your thoughts on stock markets reaction to this data?

is weakening a positive or negative factor, should it happen?

because the reaction to last week's gdp data was surprising to me.

Posted by: joh | Apr 30, 2007 8:47:58 AM

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