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.


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

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

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

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

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