2010年11月19日星期五

UPDATE 1-Wall St Week Ahead: Black Friday focus of investors

Expectations about Black Friday, when Americans traditionally get serious about holiday shopping, could sway stocks next week if it looks like the economy will get a pop from consumer spending.

The outcome of talks to shape a bailout for nfl jerseys for cheapIreland could also move stocks, analysts said, but they cautioned that other highly indebted euro zone countries could still be a source of worry.

Even though light volume will define trade during the Chicago Bears Jerseyholiday-shortened week of U.S. Thanksgiving Day on Thursday, investors will watch to see if retail sales appear strong enough to give the market a Santa Claus rally.

The lighter-than-average volume expected next week could leadDallas Cowboys Jersey to exaggerated moves in the market after a week of sharp losses and advances.

Further gains would resume an uptrend that began at the end of the summer, with the Standard & Poor's 500 index up 14 percent since Aug. 31. The market was little changed this week and suffered losses the week before.

"Bullish sentiment toward holiday sales is the most Oakland Raiders Jerseylikely catalyst for the cyclical bull market to resume, so a lot rests on that," said Chris Burba, short-term market technician at Standard & Poor's in New York. If sales seem weak, "this dip could turn into something bigger."

Retailers have been optimistic in their forecasts for holiday sales, and investors will want to see evidence to support those forecasts as worries about consumer spending weigh on the economic outlook.

At a rate of 9.6 percent, unemployment is seen as one of the biggest drags on the U.S. economy,

Target Corp (TGT.N) this week was the latest retailer toNew York Jets Jersey give an upbeat forecast, saying it expects to post its best same-store sales in three years during the period.

The day after Thanksgiving traditionally marks the start of the U.S. holiday shopping season and is called Black Friday because retailers make enough sales to get their accounts into black ink.

Shoppers are expected to flood stores in search of bargains while retailers fight for sales. Target, for instance, is using a built-in discount for shoppers who use its store credit card.

"It's a very competitive retail environment ...Green Bay Packers Jerseya sign people are slugging it out" for every last sale, said Sasha Kostadinov, portfolio manager at Shaker Investments in Cleveland.

With the recent market weakness, the S&P 500 has had trouble staying above 1,200 and ended just below that level on Friday.

A break above the mark, however, "would be a good sign," Miami Dolphins Jerseysignaling bullish momentum, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

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