Next Week: ExxonMobile Reports

So far this week, has been quite a thriller for those long in the stock market. Earnings reports came in better than expected for the most part, and Housing numbers surprised even the most optimistic experts in the field. So, will next week continue the rally? Could the Dow Actually start it's accent up to the 10,000 mark within a couple months? I guess we will all find out soon. Let's take a look at Next weeks agenda.

- Jul 27 10:00 AM New Home Sales
- Jul 28 9:00 AM Consumer Confidence
- Jul 28 9:00 AM S&P/Case-Shiller Home Price Index
- Jul 28 9:00 AM S&P/CaseShiller Home Price Index
- Jul 29 8:30 AM Durable Orders
- Jul 29 8:30 AM Durables, Ex Transportation
- Jul 29 10:30 AM Crude Inventories
- Jul 29 2:00 PM Fed's Beige Book
- Jul 30 8:30 AM Initial Claims
- Jul 31 8:30 AM GDP-Adv.
- Jul 31 8:30 AM Core PCE
- Jul 31 8:30 AM Chain Deflator-Adv.
- Jul 31 8:30 AM Employment Cost Index
- Jul 31 9:45 AM Chicago PMI
- Jul 31 10:00 AM Employment Cost Index

As you can see, there are a lot of second quarter numbers coming out. I will be paying particular attention to the New Home sales, as well as the home price indicators, to see if the increase in pre-owned home sales was caused by a lowering of prices, or a decrease in new home sales, or if it the entire market is beginning to thaw. The unemployment and GDP numbers should also be significant economic indicators to fill us in on the state of the general economy. Next week is also another big one for earnings. Below are some of the key companies reporting next week:

Monday:
Radio Shack
Sohu
Verizon

Tuesday:
BP
Earthlink
Mittel
Viacom

Wednesday:
Hess
IAC

Thursday:
Brunswick
Expedia
ExxonMobile

Friday:
Chevron