8:50am (EST)

Here is what is happening this week…

Today, the Commerce Department will report on October retail sales and September business inventories, while the Fed updates the market on manufacturing activity with the Empire State Manufacturing Index for November.   

On Tuesday, the Labor Department will release the producer price index (PPI) for October and Wednesday the market will digest the Consumer Price Index (CPI).  Both are expected to rise 0.7% and 0.3%, respectively.  Meanwhile, the National Association of Home Builders will provide data on October housing starts and building permits.

Thursday brings the weekly initial jobless claims report, along with the Conference Board’s leading indicators index for October and the Philadelphia Fed Index for November.


Monday:  China Sunergy (CSUN), Diana Shipping (DSX), Gymboree (GYMB), Lowe’s Companies (LOW), Nordstrom (JWN), and Urban Outfitters (URBN).

Tuesday:  Abercrombie & Fitch (ANF), ArvinMeritor (ARM), Dick’s Sporting Goods (DKS), Home Depot (HD), Saks (SKS), SINA Corporation (SINA),TJX Companies (TJX), Wal-Mart Stores and (WMT).

Wednesday:  Applied Materials (AMAT), Aruba Networks (ARUN), BJ’s Wholesale Club (BJ), Chico’s FAS (CHS), Hot Topic (HOTT), Limited Brands (LTD), NetApp (NTAP), NetEase.com (NTES), PetSmart (PETM), Suntech Power Holdings (STP) and Target (TGT),  

Thursday:  American Eagle Outfitters (AEO), Autodes (ADSK), Canadian Solar (CSIQ), Children’s Place Retail Stores (PLCE), Dell Inc. (DELL), Dollar Tree (DLTR), Intuit (INTU), GameStop (GME), Gap (GPS), J.M. Smucker (SJM), Marvell Technology Group (MRVL), Sears Holdings Corporation (SHLD), Staples (SPLS), and Salesforce.com (CRM).

Friday:  AnnTaylor Stores Corp. (ANN), H.J. Heinz (HNZ), and Yingli Green Energy Holding (YGE).

The expiration of November equity and index options is Friday which could add extra volatility.  As we head to press, Dow futures are higher by 21 points to 11,173 while the S&P 500 futures are up 5 points to 1,200.  The Nasdaq 100 futures are showing an advance of 11 points to 2,145.  

Subscribers, check the Members Area for the trade updates.