Financial Roadmap February 26 March 2, 2007
The big news this week will come from the housing market as the National Association of Realtors releases January existing home sales on Tuesday and the Commerce Department follows with new home sales on Wednesday. A big drop in sales would shake the notion that the housing market has stabilized, while a big rise in sales could lead to speculation about further Fed rate hikes. Barring a big move in the actual direction of sales, the important thing to watch will be the size of the inventory of listed homes expressed as a number of months sales. A big inventory glut could hurt housing prices, and along with it consumer confidence and spending, even if unit sales remain stable.
An interesting earnings story will be out early in the week as the soon to be merged XM and Sirius satellite radio companies report (on Monday and Tuesday respectively). The big question investors don't seem to be asking, as EPS estimates are a 71 cent/share loss for XM and 19 cent/share loss for Sirius, is how negative 71 cents plus negative 19 cents comes out to a positive earnings outlook.
|
Day / Date |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Indicators |
Nothing of interest |
January Durable Goods Orders from the Commerce Department: Down 7.8% January Existing Home Sales form the National Association of Realtors: February US Consumer Confidence Index from the Conference Board: |
4th Quarter Gross Domestic Product (Preliminary) from the Commerce Department: 2.2% Revised Down January New Home Sales from the Commerce Department: Weekly Mortgage Applications Survey from the Mortgage Bankers Association: |
January Personal Income and Spending from the Commerce Department
January Construction Spending from the Commerce Department February Manufacturing Report on Business from the Institute for Supply Management: February Motor Vehicle Sales from the major US and Japanese Automakers February Job Cut Report from Challenger, Gray and Christmas Weekly Jobless Claims report from the Employment and Training Administration |
February Consumer Sentiment from The University of Michigan's Consumer Survey Center |
|
Earnings Reports |
XM SATELLITE RADIO [Ticker: XMSR ; Industry: Broadcasting - Radio ] | Sirius Satellite Radio Inc [Ticker: SIRI ; Industry: Industry: Broadcasting - Radio ] | DOLLAR TREE STORE [Ticker: DLTR ; Industry: Discount, Variety Stores ] | SOTHEBYS [Ticker: BID ; Industry: Business Services ] | ROYAL BANK OF CANADA [Ticker: RY ; Industry: Money Center Banks ] |
|
Treasury Auctions and Announcements |
11 AM: 4-Week T-Bill Announcement
1 PM: 3-Month and 6-Month T-Bill Auctions |
1 PM: 4-Week T-Bill Auction | No announcements or auctions | 11 AM: 3-Month and 6-Month T-Bill Announcements | No announcements or auctions |
Each of the upcoming financial items with the exception of Treasury auctions and announcements will be linked in this post as they become available. Housing market indicators will be featured on RealNews under the Housing Market category. Job market indicators wil be featured at Jobs Calling under the Job Market category. International indicators will be featured at Growing Global under the Economic Indicators category. General US economic indicators will be featured on this site, Financial Options, under Economic Indicators category.
The earnings releases listed are companies I've chosen because of their industries, because of market capitalization (the size of the company), because they have local plants in my area or for various other reasons of general interest. Please do not take these as a “recommendation†of any sort. That I list them here simply means that I think the results may be interesting for any number of reason - I may occasionally even choose companies where I expect negative results.
Barrapunto
CoRank Español
Delicious
Digg
Enchílame
Fresqui Ocio
Furl
Google Bookmarks
Live Favorites
Menéame
Netscape
Newsvine
Reddit
Spurl
Stumbleupon
Technorati Favorites
Yahoo MyWeb
Write a comment
No trackbacks
No comments
Be the first to write a comment on this post.
Write a comment
If you want to add your comment on this post, simply fill out the next form:
* Required fields
You can use these XHTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>.
No trackbacks
To notify a mention on this post in your blog, enable automated notification (Options > Discussion in WordPress) or specify this trackback url: http://financial.tom-hanna.org/wp-trackback.php?p=646