Week Ahead for Stocks – April 13 to 17, 2009

The coming week is filled with market moving economic and earnings data releases.  It would be interesting to see whether the momentum built upon WFC preannouncement would continue with other positive earning releases.  29 of S&P 500 companies, including 5 Dow components (highlighted in bold) are scheduled to announce earnings.  I would be watching the following releases intently:

  • Monday: JBHT, TLB
  • Tuesday:  FAST, GS, JNJ,ADTN, CSX, INTC
  • Wednesday:  ABT, SCHW, INFY, LUFK, BTU, PGR, CCK, KMP, LSTR, LLTC, STX
  • Thursday:  APH, BAX, BGG, GPC, ITW, JPM, NOK, NVR, PH, PII, SON, LUV, TITN, VIP, BIIB, GOOG, ISRG, SNDK, TK, WERN
  • Friday:  AOS, BBT, C, GE

Economic data:  Following economic data releases are scheduled:

  • Tuesday:  March producer prices and Retail sales
  • Wednesday:  Consumer price index, industrial production data for March, New York manufacturing survey, and housing market index for April, Beige book, Crude inventories
  • Thursday:  Housing starts, Jobless claims, Philly Fed survey, and Natural gas report
  • Friday:  Consumer sentiment from the University of Michigan, and Ben Bernanke speaks

For details on economic data releases, please refer to:   http://online.barrons.com/public/page/barrons_econoday.html

TaurusTrader portfolio:  To begin the week, the portfolio contains 12 positions.  All 12 have positive unrealized gains and some have have substantial accumulated profits.  So, I’ll be moving the ‘stop loss’ limit on these picks to protect profit and to reduce losses if the market turns against us.  The new stops are noted in “bold” in the following table. 

Stock

Bought on

Entry price

Stop

Target

4/9 close

Gain/loss (%)

WNR

Mar 17

11.80

11.85

13.60

12.95

9.75

AGU

Mar 19

37.50

34.50

41.50

38.47

2.48

AMR

Mar 16

3.70

3.55

4.85

4.52

22.16

FCN

Mar 12

47.80

45.15

52.00

48.48

1.42

HON

Mar 24

29.01

28.50

32.40

31.04

7.00

HSP

Apr 02

31.41

28.60

35.50

32.15

2.36

WDC

Apr 02

20.10

19.98

23.00

22.11

10.00

TNA

Apr 02

20.05

18.50

23.80

23.10

15.21

EXP

Apr 02

25.50

22.75

28.50

26.51

3.96

FMX

Apr 03

27.08

24.50

30.50

27.89

2.99

CMED

Apr 06

16.48

16.03

18.60

17.84

8.25

XRT

Apr 09

24.28

24.60

26.78

25.65

5.64

I do not have any picks for Monday … I’ll wait for a day or two and see how this earnings season would roll out. Per my previous post, I’ll not be day trading.  hence, will not provide any day trade picks for Monday also. 

If there are questions or comments, please do post …..

Have a great week and happy trading.
TaurusTrader
http://www.taurustrader.wordpress.com

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