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 Stocks Expected To Climb

But strategists are saying that gains will be moderate due to a flood of economic reports, particularly from the housing sector, which are expected to show more softening in the economy. "The market has set itself up for an upside surprise because of these tempered expectations on both the economy and corporate earnings," said Jay Suskind, director of trading at Ryan, Beck & Co. Suskind is one of the strategists who expects stocks to gain ground this week.

Experts in the industry added that today will be the key day for economic reports that include online investing. It will be highlighted by figures on consumer-level inflation and numbers on monthly housing starts and building permits.

Additionally, this week will be the first heavy week of first-quarter earnings reports. As such, investors will be watching closely to ascertain if companies go beyond the present expectations for much Travel Reservation Site vip travel reservations inc port orange earnings growth. According to Thomson Financial, the estimated first-quarter earnings growth rate currently stands at 3.4 percent down from 8.7 percent at the start of the year. The rate of growth also is predicted to break a streak of 14 straight quarters of average earnings growth of at least ten percent.

The main concentration of the earnings news will be the ten companies in the Dow Jones Industrial Average. These companies including Johnson & Johnson are set to report earnings next week. Also, investors could also grab the chance award travel reservation Merrill Lynch's exposure to the subprime market when the country's largest broker reports its quarterly results Thursday.

"Guidance is going to be cautious," said Philip Dow, director of equity strategy at RBC Dain Rauscher, about companies overall. "Having said that, the numbers probably will be better than expected. We're going to be in a tentative market where if you do have upside, it's going to be by inches."

The growth rate is estimated at 3.4pecent, down from 3.9 percent at the beginning of the quarter and from 6.8 percent on travel reservation 1. Of the ten sectors tracked by Thomson Financial, experts points to the technology group to turn in the largest slice of the year-over-year profit gain with a 9percent raise in profit.

"The Fed has been looking at core CPI, and core [personal consumption expenditure] to come down within the one to two percent range, and the core CPI hasn't been really cooperating," said Brian Gendreau, investment strategist award travel reservation Investment Management. "We will be looking for those numbers to come down, and that will signal that the economy is on track."

"We're really counting on the consumer to keep spending, because capitals expenditures have been disappointingly low," noted Gendreau. He said that stronger same-store sales in March, as reported by retailers this past week, bode well for the new set of retail numbers.