Friday, March 24, 2006

What is Ahead for Next Week?

The stock market closed modestlyhigher on Friday, but all exchanges closed slight lower for the week. The big news for the week were:
1. (MSFT) is delaying the release of the new Windows Operating System which can cause delay of PC buying at Chrsitmas time.
2. Google (GOOG) is to be added to S&P 500 on March 31.
3. (LU) and (ALA) are merging.

We have to watch how the market will react to the FED meeting next Tuesday. I would place any bet ahead of the FED meeting.

Here is the what we should be watching next week, quoted from Yahoo News:
Conference/Events Calendar for the week of March 27th-31st: : Events of interest for the week of March 27th-31st include:
Monday:
IPG Investor Day; DOVP, IMCL, NPSP, REGN at Citigroup Biotech Day with Management in NYC
Tuesday:
PSTI Analyst Meeting; OPSW Analyst and Investor Meeting; SNPS Investor Day 2006; SRE Analyst Conf; LVLT 2006 Analyst and Investor Day; HXM, UPCS, URI, CENX at Credit Suisse Global Leveraged Finance Conf; IGLD, ELRN, AMPX, NTII at J.M. Dutton & Associates Small Cap Conf West Coast 2006; POM, CNL, ATO, WTR at Edward Jones Mid-Cap Utility Conf; Fed: FOMC policy announcement
Wednesday:
AHS, ASGN, CCRN at Harris Nesbitt Healthcare Staffing Day 2006; AL, ATI, FCX, STLD at Prudential Equity Group Metals & Mining Conf; ALL at JPMorgan Insurance Conf; BIO, CSAR, KNOL, CVGI at Credit Suisse Global Leveraged Finance Conf; LGF, AT, EVC, DIS at Banc of America Securities Media, Telecommunications, & Entertainment Conf; MEL, AMP, FII at UBS Asset Gathering Forum; MKTY at 2006 Homeland Security Expo
Thursday: YUM P-3 Sales Release; CBK March Sales Release; CFC Investor Forum; MMSI Guidance Announcement; COLY, CRXX, PANC, DCGN at BioCentury Future Leaders in the Biotech Industry Conf 2006; AMKR, CMCO, LVLT, DCEL at Credit Suisse Global Leveraged Finance Conf; CCU, IACI, SALM, DTV at Banc of America Securities Media, Telecommunications, & Entertainment Conf; PEET at ThinkEquity Investor Day and Plant Tour; WRE, OPX, HRP, VRTB at NYSSA 16th Annual REIT Conf; Fed: Poole speaks at student investment forum
Friday: NTBK Analyst-Investor Meeting; Fed: Hoenig speaks on economic outlook.

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