Major Events for Week of Mon June 14: Fin Regulatory Reform Corporate Events Calendar To Watch

Major Events for Week of Mon June 14:

· S&P rebalance - The quarterly share rebalance for the S&P 500, S&P MidCap 400, S&P SmallCap 600 Indices will take place at the close of business Friday, June 18, 2010

· May-end earnings season continues – BBY Tues morning and FDX Wed morning.  Bunch more week of Mon June 21 (RIMM, ADBE, ORCL, JEF, NKE, etc). 

· Energy/BP – a lot of events to watch.  Obama and the UK PM, D Cameron, will apparently discuss the situation over the weekend.  There is a House hearing on Thurs before which BP CEO T Hayward will speak and BP’s chairman is going to the White House on Wed.   

· Fin Regulatory Reform – reconciliation process will continue (next conference will be this Tues).  There really isn’t any set specific events for this but the goal is to have the process wrapped up and finished by Jul 4.  In terms of the big issues for stocks: 1) Volcker Rules (seems like language could be strengthened, which is a neg. for banks); 2) Lincoln swaps/derivatives (Lincoln’s victory  this week gives this amendment a shot in the arm although still seems like major players, inc, Dodd, Geithner, etc, aren’t for it); 3) Durbin (there is mounting bipartisan opposition to this amendment); 4) Collins (she has already acknowledges that tweaks will have to be made to this, esp. around TruPS). 

· Senate Vote on bill that would extend unemployment benefits and raise taxes on carried interest to potentially take place. 

· Fed’s term deposit facility dates - The first auction will be held June 14 and will offer $1 billion of 14-day term deposits.

· Credit Cards – master trust numbers for the month of May hits on Tues June 15

· Eco – bunch of May releases (inc. CPI, leading indicators, IP, housing starts, permits, etc) and the first June #s (Empire on Tues, Phili Thurs). 

· First Look At Week of June 21 – a lot of May-end earnings (RIMM, NKE, ORCL, more).  FOMC decision (June 23). 

· Early look at Q2 earnings – earnings start week of Mon Jul 12 – AA starts things off on Mon Jul 12.  INTC is Jul 13, GE/BAC/C are Jul 16.

Corporate Events Calendar To Watch

· Mon June 14: earnings after the close (LZB, KFY)

· Tues June 15: earnings before the open (BBY, FDS); analyst meetings (SocGen, AGU, SRX, HOS update conf call)

· Wed June 16: earnings before the open (FDX, Sainsbury); earnings after the close (IHS); analyst meetings (MT, SUN, IPI) 

· Thurs June 17: earnings before the open (JW’a, SFD, SJM, ATU, KR, WGO); earnings after the close (SMOD); analyst meetings (VRX, MCK, PGR, STM)

· Tues June 22: earnings (ADBE, RHT, CMC, JEF, WAG, JBL, PRGS); analyst meeting (Volvo, Freescale) 

· Wed June 23: earnings (NKE, RAD, BBBY, SMTS, PAYX); analyst meeting (DELL, RHT, KBR)

· Thurs June 24: earnings (RIMM, CAG, ACN, HRB, FINL, TIBX, ORCL); analyst meetings (DELL, Electrolux, LGND)