Stock Market News for the Week of August 23, 2010

After last week all Stock Indexes are back into negative territory. Solid Corporate earnings and a continued high unemployment rate? What is our outlook. Corporate cash migrates towards acquisitions, that sure does not add jobs:

• Dell announced it is buying data-storage company 3PAR. Intel made public its plan to purchase Texas Instrument’s line of cable modem products. BHP’s bid for Potash Corp. Intel is looking to absorb McAfee

• Germany booked 27% higher durable goods orders which will end up in job replacing machines entering the country in the next 12 months.

Hence we will continue a zigzag curve with solid earnings and high unemployment rates.

This week all eyes are going to be focused on Friday with the new GDP numbers at 8:30 a.m. and Consumer Sentiment at 9:55 a.m.

Here are the key news events to consider this week: