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The Week Ahead for October 22-26
1. Introduction 2. Earnings Releases 3. Economic Releases 4. Stock Splits 5. Initial Public Offerings 6. Disclaimer ***********************Our Sponsor************************* Visionary George Gilder ID's the Greatest Opportunity Yet! George Gilder knows how real money is made: invest early in companies with ascending technologies. He ID'd Qualcomm when it sold for $4.75 (it grew to $200), Broadcom at $6.00 (to $253) and many more. But today's trillion-dollar opportunity can dwarf them all. Click here now for your FREE report: http://sub.digitalpowerreport.com/c/go/XDPR/WSCE-xdprTA2?s=S930&D=XGLD *********************************************************** 1. Introduction Financial headlines will again be dominated by earnings news, though the impact of quarterly results is likely to be lessened. Instead, traders may start to shift their attention towards the forthcoming FOMC meeting and the possibility of another rate cut. Halloween-related sales at retailers may also draw attention as a proxy for how strong or weak the holiday shopping season will be. Lastly, news items related to the war against terrorism will be a major wildcard. The Week Ahead is just another of the many great reasons to subscribe to WallStreetCity.com. Besides incisive industry group analysis and enlightening stock analysis, you also get access to the world's most powerful stock screening tool on the planet, ProSearch - all in one subcription package. We even give you a 30-day FREE trial to this service so you can be sure it suits you, so give us a try. Click below to take a 30-day FREE trial. http://clyde.investools.com/T/A28.146.740.1.113719 ____________________________________________________________ 2. Earnings Releases 1,670 companies are expected to report earnings next week, including Dow components Exxon Mobile {XOM} and SBC Communications {SBC}. Those with market capitalizations above $50 billion are listed in the table below. Company Ticker EPS Date Estimate ----------------------------------------------------------- Exxon Mobile XOM $0.52 10/22/01 SBC Communications SBC $0.64 10/22/01 The Southern Company SO $0.13 10/22/01 American Home Products AHP $0.64 10/23/01 Bristol-Myers Squibb BMY $0.60 10/23/01 Pharmacia PHA $0.41 10/23/01 Schering-Plough SGP $0.41 10/23/01 American International AIG $0.62 10/25/01 ChevronTexaco CVX $1.58 10/25/01 A complete listing of companies, with market capitalizations above $10 billion, expected to report next week is presented in "The Week Ahead" article on Wall Street City. To read the column, visit Wall Street City and click on "The Week Ahead" article. http://www.wallstreetcity.com ____________________________________________________________ 3. Economic Releases The primary focus of next week's economic releases will be whether or not inflation is continuing to be kept in check. Economists and traders are expecting further rationale to justify another rate cut from the FOMC, which will be meeting in three weeks. Providing insight will be the employment cost index, which measures salary and benefit costs, and home sales. Numbers from both reports that match expectations are likely to be as viewed as an indication that the threat of inflation continues to pale in comparison to threat of a decelerating economy. Economic releases scheduled for next week are listed in the table below. Report Estimate DATE ------------------------------------------------------------ U.S. Leading Indicators (0.5%) 10/22/01 Employment Cost Index 0.9% 10/25/01 Durable Goods Orders (1.0%) 10/25/01 Existing Home Sales 5.15M 10/25/01 New Home Sales 850K 10/26/01 U. of Mich. Consumer Confidence 82.7 10/26/01 ____________________________________________________________ 4. Stock Splits The number of stock splits remains limited, primarily because of the downturn in equity prices. Stocks that will begin trading on ex-dividend basis are listed in the table below. Company Ticker Split Ex-Dividend Date ----------------------------------------------------------- Global Acquisition GACI 20-1 10/15/01 Original 16-1 Mine OAU 2-1 10/15/01 Ivat Industries IVTI 4-1 10/18/01 First Real Estate FREVS 2-1 10/19/01 Peerless Manufacturing PMFG 2-1 10/19/01 ____________________________________________________________ 5. Initial Public Offerings The Principal Financial Group {proposed ticker "PFG"} is expected to price next, the first of two large insurance companies to expected to complete their public offerings this quarter. Both PFG and Prudential {proposed ticker "PRU"} had been expected to both be public by now, but instead were forced to push back their IPOs following the September 11 attacks. Though known primarily as an insurance company, PFG is the largest provider of services to 401(k) plans in the United States. The company generated $8.9 billion in revenues last year, but reported a one percent decline in revenues for the first six months of 2001. Opening day volatility should be light given the mammoth size of the deal - 100 million shares offered at a proposed price range of $17-$20 per share. Company Ticker Shares Price Range ------------------------------------------------------------ Cross Country CCRN 7.8M $15 - $17 Principal Financial Group PFG 100.0M $17 - $20 To view more detailed information, visit Wall Street City and click on "The Week Ahead" article. http://www.wallstreetcity.com ***********************Our Sponsor************************* Visionary George Gilder ID's the Greatest Opportunity Yet! George Gilder knows how real money is made: invest early in companies with ascending technologies. He ID'd Qualcomm when it sold for $4.75 (it grew to $200), Broadcom at $6.00 (to $253) and many more. But today's trillion-dollar opportunity can dwarf them all. Click here now for your FREE report: http://sub.digitalpowerreport.com/c/go/XDPR/WSCE-xdprTA3?s=S930&D=XGLD *********************************************************** 6. Disclaimer WallStreetCity's The Week Ahead is published solely for informational purposes and is not a solicitation or an offer to buy or sell any stock, mutual fund or other security. The information obtained from internal and external sources is considered reliable, but has not been independently verified for accuracy and completeness. WallStreetCity, its employees, and/or officers and directors, may from time to time have a position in the securities mentioned and may sell or buy such securities. Trading involves risk, including possible loss of principle and other losses. Trading results may vary. No representations are being made that these techniques will result in or guarantee profits in trading. Past performance is no indication of future results. 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