Stock Ideas 
Stock Ideas Investors Daily Edge Fed Counts Bullets, Earnings Dominate Calendar
Stock Ideas Investors Daily Edge Fed Counts Bullets, Earnings Dominate Calendar 
Market Watch
| We were discussing the LIBOR problem Wednesday night at dinner in Baltimore. We reserved the corner table at Pazo... one of the fancy restaurants in town. We invited a few friends and hosted a potential new hire. | |
| More... |
Most Popular
Login Form
| Fed Counts Bullets, Earnings Dominate Calendar |
| Monday, 26 January 2009 | ||||||||
|
There is a full economic calendar this week, but all eyes will be on the two-day FOMC meeting and the rate decision on Wednesday. It will be interesting to see how the FOMC approaches this meeting. The current Fed Funds target rate is 0-0.25%, which in and of itself is rather strange. It is a moving target, not a fixed rate. Who determines which rate is used? My guess is this meeting will be used to clarify what the rate is. The Fed will either officially reduce it to 0% in a continued effort to resuscitate the economy, or lock it in at 0.25%. This would at least leave the Fed with one perceived bullet in the gun. The rest of the week has a full slate, which starts this morning with the December Existing Home Sales report. Expectations are for a slowdown of 40k units versus the previous month, and I think that is overly optimistic. The housing reports last week both fell flat on their face so I don’t think this report, or the New Home Sales report on Thursday, will come anywhere close to expectations. Tuesday morning sees the release of the Consumer Confidence report for January, and this one is a tough read for me. It is expected to be the same as the December reading of 38. I am not sure which one will have a bigger impact on the reading: consumers getting excited about a change in leadership, or fearful of more job cuts. I guess it all depends on when the reading was taken. Earnings: Mon: AXP, AMGN, CAT, HAL, MCD, TXN Tues: BMY, DD, GILD, JAVA, YHOO Wed: PFE, SBUX, WFC Thurs: MMM, AMZN, CELG, CL, LLY, JNPR, Fri: CVX, XOM, HON, PG, Make your voice heard -- to let us know your thoughts on this article, you can click here and leave your comments for the IDE community as well as the editors.
This investment news is brought to you by Investor's Daily Edge. Investor's Daily Edge is a free daily investment newsletter that is delivered by email before the market opens. It's published by Fourth Avenue Financial, a subsidiary of Early To Rise (an affiliate company of Agora Publishing). In each weekday issue you'll receive practical strategies for protecting your portfolio and multiplying your money. You'll also learn about undiscovered opportunities in emerging sectors and markets, deeply discounted stocks, recommendations for bonds, cash, commodity and real estate investing, and top ETFs. To view archives or subscribe, visit Investor's Daily Edge .
|
||||||||
| < Prev | Next > |
|---|
