Monday, June 9, 2008

weekly watch list

ANR DNR WLL
SQL/FSLR
TRA
LL GRMN DRYS
AAPL

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The Commerce Department on Thursday reports on retail sales. According to the average estimate of economists surveyed by Thomson Financial/IFR, the market is expecting retail sales to have rebounded by 0.4 percent in May following a 0.2 percent pullback in the previous month.

Then on Friday, the Labor Department reports on consumer prices. The Consumer Price Index is anticipated to have risen by 0.4 percent in May, a faster rate than April's 0.2 percent increase. The core index, which strips out energy and food prices, is believed to have climbed by 0.2 percent, after rising by 0.1 percent in April.

The stock market will also remain focused on the state of the housing market and financial services sector.

On Monday, the National Association of Realtors releases data on pending sales of existing homes. Economists predict the April index will hold steady compared with last month at 83.0.

Some reports have also said Lehman Brothers Holdings Inc. could release its quarterly results this week, as opposed to next, due to the market's concerns about its financial strength. The investment bank -- cited by many analysts as the Wall Street firm with the most similar problems to the newly acquired Bear Stearns -- is also reportedly searching for capital from outside sources.

In addition to corporate and economic data, Wall Street will be paying close attention this week when Fed Chairman Ben Bernanke speaks at an economic conference in Chatham, Mass. Some other Fed officials -- including New York Fed President Timothy Geithner, Boston Fed President Eric Rosengren, St. Louis Fed President James Bullard and Fed Vice Chairman Donald Kohn -- are also scheduled to speak this week.

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