Monday, September 22, 2008

Earnings results and economic reports - Week 39.

Last week investor's fear reached 7 years high measured by volatility index VIX. On Thursday crossed above 40 and touched level of 42. As I pointed out previously this often declares the bottom in the bearish trend. In my view if we haven't bottomed yet we are at least close to that point.

Let's have a look for the earnings and economic reports scheduled for this week. I will be watching mainly Research in Motion and GDP number at the end of the week.

Economic NA
Earnings AutoZone (AZO), CarMax (KMX)

Economic NA
Earnings FactSet (FDS), Lennar (LEN), HB Fuller (FUL), Worthington (WOR)

Economic Existing Homes (4.93M), Weekly Crude
Earnings Neogen (NEOG), Bed Bath & Beyond (BBBY), Nike (NKE), Paychex (PAYX), Red Hat (RHT)

Economic Weekly Claims, New Homes (518K)
Earnings Discover (DFS), McCormick (MKC), Texas Ind (TXI), Accenture (ACN), RIM (RIMM), Synnex (SNX)

Economic GDP & Chain Deflator Final (3.4%, 1.2%), Michigan (74.0)
Earnings AZZ Inc (AZZ), Jabil (JBL), KB Home (KBH)


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