The Week Ahead

First quarter earnings reporting season starts to wind down in the coming week, although market participants will have plenty of  Fed speak and economic reports to digest.

A total of fourteen appearances from Fed officials are scheduled.  The market will pay added attention to Fed Chairman Ben Bernanke's speeches on Tuesday at 8:15 AM ET and on Thursday at 9:30 AM ET.

The focal points on the Economic Calendar will be the retail sales, CPI, jobless claims, industrial production, and housing starts and building permits reports.

Only 21 S&P 500 companies are confirmed to report earnings. Some notable names include Deere (DE),  Freddie Mac (FRE), Hewlett Packard (HPQ), MBIA (MBI), Sprint Nextel (S) and Wal-Mart (WMT).  By the end of the week, 82% of S&P 500 companies will have reported their first quarter earnings.

Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.

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Monday, May 12:

• Earnings:  MBIA (MBI), Sprint Nextel (S), Fluor (FLR), LDK Solar (LDK), McDermott (MDR), Clearwire (CLWR)

• Economic Data:  April Treasury Budget

• Events:  None

• Conferences:  Start of the Atlanta Fed's Financial Markets Conference on "Financial Market Reforms: Taking Stock" in Sea Island, Georgia (May 12 to May 15)

• Fed Speakers:  Chicago Fed President Evans speaks about the U.S. economic outlook at Harper College in Illinois (9:15 AM ET)...  Atlanta Fed President Lockhart will make opening remarks at the Atlanta Fed's Financial Market conference in Georgia (7:15 PM ET)

Tuesday, May 13:

• Earnings:   DISH Network (DISH), Liz Clairborne (LIZ), TJX Cos (TJX), Wal-Mart (WMT), Applied Materials (AMAT), Electronic Arts (ERTS), Whole Foods (WFMI)

• Economic Data:  April Export/Import prices... Retail Sales... March Business Inventories

• Events:  None

• Conferences:  None

• Fed Speakers:  Cleveland Fed President Pianalto in Paris to speak about monetary policy trade-offs (6:10 AM ET)... Fed Chairman Bernanke will speak via satellite at the Atlanta Fed's Financial Market conference in Georgia (8:20 AM ET)...  Fed Governor Warsh will moderate a policy discussion in Georgia on the Sarbanes-Oxley Act (9:15 ET)... Philadelphia Fed President Plosser to moderate panel on fair disclosure in Georgia (11:00 AM ET)...  San Francisco Fed President Yellen in Vancouver to speak about U.S. economic outlook (1:00 PM ET)... Kansas City Fed President Hoenig in Oklahoma City to speak about  the U.S. economic outlook (1:00 PM ET)... Dallas Fed President Fisher in Texas to talk about the Fed & economy (1:00 PM ET)

Wednesday, May 14:

• Earnings: Deere (DE), Freddie Mac (FRE), Macy's (M), Agilent (A), Jack In The Box (JBX)

• Economic Data: April CPI... Weekly Crude Inventories (week ended May 9)

• Events:  None

• Conferences:  Credit Suisse 2008 Annual European Technology Conference

• Fed Speakers:  Boston Fed President Rosengren and Fed Governor Krozner in Boston to speak at a conference on risk operational measurement and management (8:30 AM ET, 9:15 AM ET)...  Atlanta Fed President Lockhart will close out the Atlanta Fed's Financial Market Conference in Georgia (12:00 PM ET)

Thursday, May 15:

• Earnings:  Blackstone (BX), Blockbuster (BBI), JCPenney (JCP), Advanced Auto Parts (AAP),  Autodesk (ADSK), Hewlett-Packard (HPQ), Kohl's (KSS), Nordstrom (JWN)

• Economic Data:   May Empire State Index... March Net Foreign Purchases... April Industrial Production & Capacity Utilization... May Philadelphia Fed... Weekly Initial Jobless Claims (week ended May 9)

• Events:  None

• Conferences:  Chicago Fed's annual conference on Bank Structure and Competition with a topic of "Credit Market Turmoil: Causes, Consequences and Cures"

• Fed Speakers:  Chicago Fed President Evans gives welcoming remarks at the Chicago Fed's Annual Bank Structure conference in Chicago (9:15 AM ET)... Fed Chairman Bernanke to speak at the Chicago Fed's conference (9:30 AM ET)... Fed Governor Mishkin in Philadelphia to speak on asset price bubbles (7:00 PM ET)

Friday, May 16:

• Earnings:  None

• Economic Data:  April Building Permits & Housing Starts... Preliminary May Michigan Consumer Sentiment

• Events:  None

• Conferences:  None

• Fed Speakers:  None

--Ryan McShane, Briefing.com