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Earnings, Housing, Taxes and Oil—Advisor Briefing for the Week of April 18, 2011

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April 18, 2011 • Reprints

In a week that follows passage of the continuing resolution to fund the government in fiscal 2011, Congress is in recess while the markets have an abbreviated week in observance of religious holidays. Over the weekend, there were signs from OPEC nations that they would cut production to keep the price of oil high, while there was more posturing from both sides of the political aisle on the next big federal issue: raising the debt ceiling. Individual Americans’ tax liabilities are on many Americans’ minds as the deadline for filing—or seeking extensions on—their 2010 income tax returns falls on Monday.

Events that will likely move the markets this week include Q1 earnings reports from the likes of Citigroup, TD Ameritrade, Wells Fargo, Raymond James and Goldman Sachs, several reads on the housing market, and on Thursday, the last day U.S. stock markets are open this week, leading economic indicators for March.

All times are Eastern.

Monday, April 18

                            U.S. Congress in recess until May.

                            Deadline for filing 2010 individual income tax returns.

7:30 AM:              First-quarter earnings reported by TD Ameritrade.

8:00 AM:              First-quarter earnings reported by Citigroup.

12:00 PM:            Housing market index (HMI) for April released by National Assn. of Homebuilders.

7:38 PM:              Passover begins.

Tuesday, April 19

6:30 AM:              First-quarter earnings reported by Bank of New York/Mellon.

7:00 AM:              First-quarter earnings reported by Goldman Sachs.

7:00 AM:              Housing starts for March released by U.S. Commerce Dept.

Wednesday, April 20    

7:00 AM:              First-quarter earnings reported by Wells Fargo.

7:00 AM:              Existing home sales for March released by National Association of Realtors.

10:30 AM:            Weekly petroleum status report from the Energy Information Administration.

4:30 PM:              Facebook town hall meeting on economy held by President Barack Obama at Facebook headquarters, and streamed live.

Thursday, April 21

7:00 AM:              Manufacturing index for April released by Philadelphia Federal Reserve.

7:45 AM:              Weekly new unemployment insurance claims from the Labor Dept.

7:15  AM:             First-quarter earnings reported by Morgan Stanley.

10:15 AM:            First-quarter earnings reported by BlackRock.

1:35 PM:              First-quarter earnings reported by Raymond James.

2:00 PM:              U.S. bond markets close for Holy Thursday, ahead of Good Friday.

Friday, April 22.

U.S. stock markets closed in observance of Good Friday.

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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