Market Insider
- Europe Has Wall Street's Bull on a Short Leash
- Hostage to Headlines
- Traders Worry Over 'Possible Risks' During Long Weekend
- Oil Declines, but Doesn't Help European Consumers
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Stocks to Watch: CHK, PAY, FB, MS & More
- Facebook and Morgan Stanley's 99 Problems
- Markets Could End Week Quietly
- Stocks to Watch: CHK, PAY & More
EDITOR
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Week Ahead: Market Still Feels Sting of the Credit Crisis
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CNBC Executive Editor
Oil Drill
In the oil markets, crude broke through its 200-day moving average and fell below $70 per barrel before closing higher. John Kilduff of Roundearth Capital said he thinks the selling is coming to an end. "I think it should stabilize," he said. Energy markets "give the economic recovery story every benefit of the doubt. Obviously, there's a reality check that's under way here. It's kind of post traumatic stress syndrome. It does feel like Lehman and Bear Stearns days again with these sovereign debt issues," he said.
The energy markets are watching Iran in the coming week as the 10-day commemoration of the 31st anniversary of the Islamic revolution comes to an end. Both defeated presidential candidates in last June's election have called for massive protests on Thursday. In addition, Iranian President Mahmud Ahmadinejad has previously used the anniversary to make announcements regarding the country's nuclear program.
Earnings Central
Monday's reports include CNA, CVS Caremark, Hasbro, Nasdaq OMX, Electronic Arts and Hartford Financial. Coca-Cola [KO
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], UBS [UBS
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], Biogen Idec, Molson, Pulte Homes, Celanese, and NYSE Euronext report before the bell Tuesday. Disney [DIS
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] and Baidu report after the bell that day.
On Wednesday, Sanofi-Avantis [SNY
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] reports, as does New York Times, Marsh and McLennan, Arcelor Mittal, Companhia Vale do Rio Doce, Prudential Financial and Allstate. PepsiCo [PEP
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] and Philip Morris, as well as Marriott, Alcatel-Lucent, AutoNation and Expedia report before Thursday's bell. McAfee, Beckman Coulter and Cephalon report Friday.
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