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The Week Ahead for October 29-November 2
1. Introduction 2. Earnings Releases 3. Economic Releases 4. Stock Splits 5. Initial Public Offerings 6. Disclaimer ***********************Our Sponsor************************* FIVE Recent +100% GAINS! Profits in Bull AND Bear Markets! While stocks fizzled, Bernie Schaeffer's option plays scored again and again-- 17 +100% winners this year! Profits in bear AND bull markets! Limited dollar risk and exposure. And REAL leverage. Get 12 brand-new option picks; FREE for 30 days: http://www.investools.com/c/go/OPTI/WSCE-optiTP1?s=S600 *********************************************************** 1. Introduction Earnings season will start to slow down next week, giving way to economic data. Most attention will be given to the third quarter GDP number, as it will show whether or not the economy has slipped into a recession. Military strikes and bioterrorism may also affect trading, particularly if events become suddenly better or worse. 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://subs.wallstreetcity.com/c/go/XPRO/WSCE-wa102501?s=S601&D=XWSC ____________________________________________________________ 2. Earnings Releases Earnings season will slow down next week with approximately 870 companies scheduled to report next week. Dominating the headlines will be the insurance sector with Chubb {CB}, Cigna {CI}, Hartford Financial Services {HIG}, and John Hancock Financial Services {JHF} all reporting quarterly results. Details on those companies' earnings reports are presented in the table below. Company Ticker EPS Date Estimate ----------------------------------------------------------- Hartford Financial HIG ($0.21) 10/29/01 Chubb CB ($0.04) 10/30/01 John Hancock JHF $0.65 11/01/01 Cigna Corp. CI $1.64 11/02/01 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 Economists will receive confirmation next week of whether the economy slipped into a recession during the third quarter and if a recovery will begin in the fourth quarter. Q3 U.S. GDP will be released on Wednesday and is expected to show a 0.7 percent drop - an indication that the economy has entered into a recession. On Thursday, the National Association of Purchasing Manager's Index for October is expected to show that the economy is continuing to retract. Ironically, the markets could trade upwards following the release of both reports since negative economic numbers would all but assure that the FOMC cuts rates for a 10th time this year when it meets on November 6. Economic releases scheduled for next week are listed in the table below. Report Estimate DATE ------------------------------------------------------------ Consumer Confidence 96.0 10/30/01 Gross Domestic Product (0.7%) 10/31/01 GDP Price Deflator 1.8% 10/31/01 Chicago Purchasing Manager 43.0 10/31/01 Personal Income 0.1% 11/1/01 Personal Expenditures (0.9%) 11/1/01 Construction Spending (0.7%) 11/1/01 NAPM 44.8 11/1/01 NAPM Prices Paid 34.5 11/1/01 Unemployment Rate 5.2% 11/1/01 ____________________________________________________________ 4. Stock Splits Stocks that will begin trading on ex-dividend basis are listed in the table below. Company Ticker Split Ex-Dividend Date ----------------------------------------------------------- Dynamic I-T DYNM 2-1 10/29/01 Plato Learning TUTR 4-3 10/29/01 Arbor ABOR 3-1 10/30/01 Chestatee Bancshares CBNR 3-1 10/31/01 Copper Valley Minerals CVMN 3-1 11/1/01 Right Management RMCI 3-2 11/2/01 Videolocity VIDC 10-1 11/2/01 ____________________________________________________________ 5. Initial Public Offerings Three IPOs are scheduled to price next week, two of which are healthcare related. Anthem is one of the nation's largest health benefits companies, providing medical insurance under the Blue Cross Blue shield name in eight states. Odyssey Healthcare provides hospice services in 21 states and turned profitable last year. Details on next week's offerings are presented in the table below. As of the writing of this column, Universal Hospital Services {proposed ticker "UHOS"} had yet to price and may be pushed back to next week. Company Ticker Shares Price Range ------------------------------------------------------------ Anthem ATH 28.6 33-37 LogicVision LGVN 4.5 9-11 Odyssey Healthcare ODSY 3.6 13-15 To view more detailed information, visit Wall Street City and click on "The Week Ahead" article. http://www.wallstreetcity.com ***********************Our Sponsor************************* SEC Eases Buyback Rules - Creates Huge Buying Opportunity! The SEC just made it easier for companies to buy back stock at today's weak prices. 100s of new buybacks are flooding Wall Street, but not all are good investments. Buyback expert David Fried gives 10 "Best Buys." FREE for 30 days: http://www.investools.com/c/go/BACK/WSCE-backTV3 *********************************************************** 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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