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The Economic Calendar has three potentially important events this week:

• Personal Income and Outlays on Monday (consensus 0.6% income, 0.5% spending)
• ISM Manufacturing on Tuesday (consensus 51)
• The Employment Situation on Friday (consensus 100,000 jobs added, 4.5% unemployment)

Earnings season continues in full force.

Monday

• Verizon (NYSE:VZ) - possible upside to sales

Tuesday

• Plantronics (NYSE:PLT) - anyone’s guess, though our long position gives away our own guess

Wednesday

• Cognizant (NASDAQ:CTSH) - one of these days its growth will hit a wall, but probably not this day
• Garmin (NASDAQ:GRMN) - shouldn’t need a big surprise to move the stock from this level
• Itron (NASDAQ:ITRI) - risk to estimates in both directions due to Actaris acquisition
• Sprint (NYSE:S) - the worst may be over here
• Symantec (NASDAQ:SYMC) - Based on MFE and VDSL should have a big quarter

Thursday

• Ansys (NASDAQ:ANSS) - Dassault (OTCPK:DASTY) beat big, and we like Ansys better
• QLogic (NASDAQ:QLGC) - too risky for our tastes
• Starbucks (NASDAQ:SBUX) - probably no surprise, but risk probably to the downside when they are making this kind of move

Disclosure: author owns call options on Itron and is long Plantronics.

Source: The Week Ahead: Earnings Season Continues In Full Force