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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • The Week Ahead – Monday April 25th  0 comments
    Apr 26, 2011 9:00 AM | about stocks: AMP, BRCM, CL, COP, CTXS, CVX, EBAY, FED, FLEX, GLW, IDC, INTC, KO, LNC, GOOG, MMM, MSFT, NVLS-OLD, PEP, PG, XOM
     HedgeFundLIVE.com
    • Headlines will be dominated by earnings and the Fed.  For earnings, this will be the peak of the Q1 reporting period, w/a slew of companies from a variety of industries all posting their numbers. 
    • On the tech front, we have already heard from a lot of the big names, but people will be watching BRCM (Tues), Arm Holdings/EBAY/GLW/CTXS/FLEX/NVLS (Wed), and MMI/MSFT/Samsung (Thurs).  With all the focus on PCs (who is right – INTC or IDC/Gartner?), MSFT could help set the record straight (i.e. did INTC just build a ton of channel inventory or are the analyst firms missing large pockets of demand?).  The Android smartphone market will get an update as two of the key companies are due to report (ARM and MMI). 
    • For financials, the US banks are largely over but insurane is just starting (we get AMP Mon and AFL/LNC on Wed).  In addition, a lot of the big European banks will start posting numbers (Barclays/Credit Suisse on Wed and D Bank/Santander on Thurs). 
    • There are a bunch of energy companies due to post numbers (COP on Wed, XOM on Thurs, and CVX on Fri) while the industrial reporting season rolls on (MMM on Tues, BA on Wed, and CAT Fri are among the highlights). 
    • Consumer earnings will kick into high-gear (KO on Tues, EAT on Wed, and CL/PG/PEP on Thurs are just some of the highlights).  Finally, there are a bunch of big health care stocks to watch (inc. HSP Tues and BMY on Thurs). 
    • Away from earnings, the other big event to watch is the Wed Apr 27 FOMC meeting (this is a special meeting for a variety of reasons – the decision will hit at 12:30pmET and Bernanke will be hosting a press conf at 2:15pmET; meanwhile, this will be the first meeting where officials really start to debate the post-QE2 world of monetary policy).  The expectation is that Bernanke echoes a lot of the same sentiments he (and Dudley/Yellen) have recently expressed (i.e. the economy is recovering, but core inflation readings are still tepid and the jobs market recovery isn’t as robust as would be desired; while QE2 will end as scheduled, rates will remain low for an extended period). 
    • There isn’t too much really critical on the economics front (the bigger numbers will hit during the week of May 2) although the Q1 GDP #s in the US will be watched. 
    • For Treasuries, we will get the first auction since the S&P action ($35Bs of 2s on Tues, $35B of 5s on Wed, and $29B of 7s on Thurs).

     

     

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