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Home Prices and Sales, Earnings and GDP: Advisor Briefing for the Week of Oct. 25, 2010

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October 25, 2010 • Reprints

Earnings season begins to wind down—though TD Ameritrade, Ameriprise, and some big insurers report this week—as the political season heats up prior to next week’s midterm elections. The final pre-election reports due to be released this week include weekly new unemployment claims on Thursday and the first look at third-quarter GDP on Friday, but new and existing home sales and two readings on consumer sentiment are likely to move the markets, and perhaps voters’ preferences.

Monday, Oct. 25, brings release by the National Association of Realtors (NAR) of its monthly report on existing home sales for September.

Tuesday, Oct. 26, bring the S&P/Case-Shiller Home Price Index (HPI) for August, while the Conference Board releases its consumer confidence index for October. TD Ameritrade is scheduled to release its third quarter earnings. Schwab Advisor Services’s annual Impact conference is called to order in Boston, where SAS chief Bernie Clark is expected to announce the first partners for Schwab’s nascent “intelligent integration” technology approach. Look for onsite reporting from AdvisorOne’s Kate McBride and Jamie Green.

Wednesday, Oct. 27, brings durable goods orders and new home sales reports for September, while companies announcing earnings include Allstate and Ameriprise.

On Thursday, Oct. 28, European Union leaders are scheduled to meet to ratify eurozone budget rules, and the Bank of Japan holds an interest rate meeting, while back home comes release of new weekly unemployment claims. MetLife reports earnings after the market close.

The business week ends on Friday, Oct. 29, with release of the first estimate on Q3 GDP; Reuters/U. of Michigan consumer sentiment report. The insurance and consulting company Aon announces earnings, while Schwab’s Impact show concludes with an appearance by former Secretary of State Condoleeza Rice.

Read a recap on AdvisorOne.com of last week’s corporate earnings highlights.

About the Author
James J. Green, AdvisorOne

James J. Green, AdvisorOne

Jamie Green is Group Editorial Director of the Investment Advisory Group at Summit Business Media, with overall editorial responsibility for AdvisorOne.com, launched in October 2010, and Investment Advisor and Research magazines, monthly print magazines which have served advisors of all kinds for more than 30 years. He can be reached at jgreen@sbmedia.com

He has nearly 30 years experience in print and electronic journalism, with nearly 14 years covering the investment advisory industry. In the 1980s he was editor of Tele/Scope, a pioneering electronic news service based in New York that covered telecommunications business and research, and was editor of Telecommunications Research, a monthly journal. In the 1990s he worked for nine years at The New York Times, where he was editor of TimesFax, an electronic version of the newspaper of record now known as TimesDigest. While at The Times, he led the editorial team that expanded distribution of TimesFax to remote corners of every continent on Earth, to every ship in the U.S. Navy, to scores of cruise ships, and to the international space station.

He joined what was then Dow Jones Investment Advisor in 1999 as managing editor, was appointed Executive Editor of Investment Advisor magazine in 2000, Editor in 2002, Editor-in-Chief in 2005, and Editorial Director of Investment Advisor and Wealth Manager in 2008 before assuming his current position in 2009.

He holds a bachelor's degree in philosophy from St. Hyacinth College in Granby, Mass., and studied theology on the graduate level at St. Anthony-on-the-Hudson, Rensselaer, N.Y.

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