{"id":419846,"date":"2011-05-09T02:43:42","date_gmt":"2011-05-09T02:43:42","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/09\/stocks-commodity-prices-front-and-center\/"},"modified":"2011-05-09T02:43:42","modified_gmt":"2011-05-09T02:43:42","slug":"stocks-commodity-prices-front-and-center","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/09\/stocks-commodity-prices-front-and-center\/","title":{"rendered":"Stocks: Commodity prices front and center"},"content":{"rendered":"
\n
\"U.S.<\/a><\/p>\n

Click the chart for more market data.<\/p>\n<\/div>\n

NEW YORK (CNNMoney) — A stronger-than-expected jobs report on Friday was a good coda to a week in which stocks were dragged lower by a rout in commodities.<\/p>\n

In the week ahead, the commodities market will be in focus again. Fund managers said they welcome a fall in oil prices because of how heavily energy weighs on consumers’ pocketbooks.<\/p>\n

“Friday’s jobs report<\/a> and sell-off in commodities should be enough to keep this market moving higher,” said Karl Mills, president and chief investment officer of Jurika, Mills and Keifer. (Check the latest commodities prices.<\/a>)<\/p>\n

Closely-watched economic numbers coming out this week include April retail sales, producer and consumer inflation figures and the first reading on May consumer confidence.<\/p>\n

Investors will also keep an eye on the weekly initial jobless benefits report, particularly since last week’s claims<\/a> number jumped by 43,000, considerably worse than what economists had predicted. The claims figure helped fuel a 140 point drop in the Dow<\/a> on Thursday.<\/p>\n

“We have to see if last week’s number was an abnormality,” said Curvin Miller, vice president of wealth advisory firm Russell & Company.<\/p>\n

On the Docket<\/p>\n

Monday:<\/strong> Tyson Foods (TSN<\/a><\/span>, Fortune 500<\/a>) reports before the opening bell; analysts polled by Thomson Reuters expect the company to earn 43 cents a share.<\/p>\n

There is no economic data scheduled for release on Monday.<\/p>\n

Tuesday:<\/strong> Dow component Disney (DIS<\/a><\/span>, Fortune 500<\/a>) will report after the closing bell on Tuesday. Analysts polled expect the media giant to post a profit of 56 cents a share.<\/p>\n

The Labor Department will release April import\/export prices at 8:30 a.m. ET, and the Commerce Department will report on wholesale inventories at 10 a.m. ET.<\/p>\n

Wednesday:<\/strong> Before the bell, department store chain Macy’s (M<\/a><\/span>, Fortune 500<\/a>) will report on its financial performance. Analysts expect the chain to earn 17 cents a share.<\/p>\n

Dow component Cisco (CSCO<\/a><\/span>, Fortune 500<\/a>) is slated to issue its results after the closing bell. Analysts expect the communications equipment maker to earn 37 cents a share.<\/p>\n

In economic data, investors will get reports on the U.S. trade balance for March at 8:30 a.m. ET. Economists expect that the U.S. economy had a $47.8 billion trade deficit, wider than the $45.8 billion deficit reported in February.<\/p>\n

Thursday:<\/strong> The Labor Department will release its producer price index for April and weekly initial jobless claims at 8:30 a.m. ET. Also coming at 8:30: A Commerce Department report on monthly retail sales.<\/p>\n

Economists expect that weekly claims fell to 423,000 from 474,000 last week.<\/p>\n

April retail sales are expected to have risen 0.6%, compared to March’s rise of 0.4%. For producer inflation, economists surveyed expect April’s PPI figure to go higher to 0.5%.<\/p>\n

Companies scheduled to report on Thursday include department store chains Kohl’s (KSS<\/a><\/span>, Fortune 500<\/a>) and Nordstrom (JWN<\/a><\/span>, Fortune 500<\/a>) along with graphics chip maker Nvidia (NVDA<\/a><\/span>).<\/p>\n

Out shortly after the bell at 10 a.m. ET are March business inventories data from the Commerce Department.<\/p>\n

Friday:<\/strong> Investors will get the April consumer price index from the Labor Department at 8:30 a.m. ET, and the University of Michigan’s preliminary consumer sentiment survey at 9:55 a.m. ET.<\/p>\n

Economists expect that consumer inflation rose by 0.4% in April versus a 0.5% rise in March. Consumer sentiment is expected to remain steady at a reading of 69.8.\u00a0\"To<\/a><\/p>\n

First Published: May 7, 2011: 10:25 AM ET<\/p>\n<\/div>\n

Read the original post:
\nStocks: Commodity prices front and center<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Click the chart for more market data. NEW YORK (CNNMoney) — A stronger-than-expected jobs report on Friday was a good coda to a week in which stocks were dragged lower by a rout in commodities. 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