Close Close
ThinkAdvisor

Portfolio > ETFs > Broad Market

Earnings, Housing, Taxes and Oil—Advisor Briefing for the Week of April 18, 2011

X
Your article was successfully shared with the contacts you provided.

In a week that follows passage of the continuing resolution to fund the government in fiscal 2011, Congress is in recess while the markets have an abbreviated week in observance of religious holidays. Over the weekend, there were signs from OPEC nations that they would cut production to keep the price of oil high, while there was more posturing from both sides of the political aisle on the next big federal issue: raising the debt ceiling. Individual Americans’ tax liabilities are on many Americans’ minds as the deadline for filing—or seeking extensions on—their 2010 income tax returns falls on Monday.

Events that will likely move the markets this week include Q1 earnings reports from the likes of Citigroup, TD Ameritrade, Wells Fargo, Raymond James and Goldman Sachs, several reads on the housing market, and on Thursday, the last day U.S. stock markets are open this week, leading economic indicators for March.

All times are Eastern.

Monday, April 18

                            U.S. Congress in recess until May.

                            Deadline for filing 2010 individual income tax returns.

7:30 AM:              First-quarter earnings reported by TD Ameritrade.

8:00 AM:              First-quarter earnings reported by Citigroup.

12:00 PM:            Housing market index (HMI) for April released by National Assn. of Homebuilders.

7:38 PM:              Passover begins.

Tuesday, April 19

6:30 AM:              First-quarter earnings reported by Bank of New York/Mellon.

7:00 AM:              First-quarter earnings reported by Goldman Sachs.

7:00 AM:              Housing starts for March released by U.S. Commerce Dept.

Wednesday, April 20    

7:00 AM:              First-quarter earnings reported by Wells Fargo.

7:00 AM:              Existing home sales for March released by National Association of Realtors.

10:30 AM:            Weekly petroleum status report from the Energy Information Administration.

4:30 PM:              Facebook town hall meeting on economy held by President Barack Obama at Facebook headquarters, and streamed live.

Thursday, April 21

7:00 AM:              Manufacturing index for April released by Philadelphia Federal Reserve.

7:45 AM:              Weekly new unemployment insurance claims from the Labor Dept.

7:15  AM:             First-quarter earnings reported by Morgan Stanley.

10:15 AM:            First-quarter earnings reported by BlackRock.

1:35 PM:              First-quarter earnings reported by Raymond James.

2:00 PM:              U.S. bond markets close for Holy Thursday, ahead of Good Friday.

Friday, April 22.

U.S. stock markets closed in observance of Good Friday.