First-quarter earnings season kicks off next week as earnings seasons
always do with a report from aluminum products maker Alcoa.
Company earnings, as quoted by Foxbusiness.com, have been generally solid despite recessionary
conditions following the financial crisis in 2008. But expansion has
been put on hold for many companies until the economic recovery gains
traction.
Without expansion, the U.S. labor markets will continue to struggle,
as evidenced by Friday’s disappointing jobs report in which it was
revealed the economy added just 120,000 jobs in March, well short of
expectations.
The lousy jobs report has people wondering whether the Federal
Reserve is pondering new policy measures, namely more quantitative
easing. Investors will be looking for hints from Fed chief Ben Bernanke
and other Fed board members in speeches and various appearances.
While unemployment and a sluggish economy had held a higher priority
in recent months than inflation, the Federal Reserve is still keeping an
eye on that important data point. Three inflation reports are due next
week: the import-price report is out Wednesday; the producer price index
is due Thursday; and the consumer price index is out Friday.
How about Indonesia stock market today? Bisnis Indonesia provides recommendations:
Reliance Securities:
Today, Jakarta Composite Index is estimated to move sideways within the range of 4,123-4,215. Several stocks such as PGAS, MBSS, PTBA, and AKRA may potentially rebound.
Panin Sekuritas:
The JCI today may move mixed with uptrend possibility. The support-resistance level is within 4,137-4,189. Several stocks to pick: UNTR, BMRI, ASRI, BRAU, and MLTA.
e-Trading Securities:
Today, the JCI may move within the range of 4,131-4,195. Several stocks to watch: PGAS, AKRA, and EXCL.
Sinarmas Sekuritas:
Technically, the JCI today may move in limited rise within the range of 4,130-4,190. Several stocks for day trading are SGRO, BRAU, CTRS, and BJBR.
Disclosure: No position at the stock mentioned above.
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