The Hunt for the Next 10 Bagger

[RULiquid]

Busiest week of the summer coming up
A crush of big-cap earnings and arguably the most important economic reports until September combine to make the week ahead the busiest of the summer for markets.

The Fed also meets Tuesday and Wednesday, but it is unlikely to change its message so traders are honing in more on second-quarter GDP Wednesday and the July employment report Friday. There are also reports on home prices, consumer confidence and sentiment readings, monthly auto sales, and ISM manufacturing data.

"This for me is the last key week of the summer," said George Goncalves, head of interest rate strategy at Nomura. The next big event will be when the Fed meets Aug. 22 at its annual symposium in Jackson Hole, Wyoming. Some Fed watchers believe Fed officials will start to discuss their exit strategy and the path to higher rates. Then the next big batch of economic data comes in September, with the release of the August jobs report Labor Day week.

A crush of big-cap earnings and arguably the most important economic reports until September combine to make the week ahead the busiest of the summer for markets.

The Fed also meets Tuesday and Wednesday, but it is unlikely to change its message so traders are honing in more on second-quarter GDP Wednesday and the July employment report Friday. There are also reports on home prices, consumer confidence and sentiment readings, monthly auto sales, and ISM manufacturing data.

"This for me is the last key week of the summer," said George Goncalves, head of interest rate strategy at Nomura. The next big event will be when the Fed meets Aug. 22 at its annual symposium in Jackson Hole, Wyoming. Some Fed watchers believe Fed officials will start to discuss their exit strategy and the path to higher rates. Then the next big batch of economic data comes in September, with the release of the August jobs report Labor Day week.

"We want to get a glimpse of what may be in store once things start moving again because we need a catalyst. We don't have any major ones," Goncalves said, adding the geopolitical events will always be a possible catalyst in the background.

"Everyone is desperately seeking [volatility]. They want honest to goodness reinforcing information. Maybe next week is a glimpse of what is in store for the September period when the Fed gets more vocal."

More than 140 S&P 500 companies are scheduled to report earnings in the coming week, with six Dow stocks among them. Big oil—Exxon Mobil and BP—and refiners—Valero, and Phillips 66—report alongside consumer products names like Procter and Gamble, Colgate-Palmolive and Kraft Foods. Pharma—Merck and Pfizer—also report, as do some momentum names like Tesla, LinkedIn and GoPro, making its earnings debut as a public company.

Focus will also remain on geopolitical risks, as Russia was reported to be shipping arms to Ukraine and Israel widens its ground operation in Gaza. http://www.cnbc.com/id/101868173