The week ahead

and a look at offshore oil drillers

I have a busy week so I want to get this out. There are many important data releases happening this week. Here is what is to come:

Tuesday, January 31

• S&P/Case-Shiller Home Price Index

• Employment Cost Index

Wednesday, February 1

• MBA Mortgage Data

• ADP Employment

• JOLTs Job Openings

• ISM Manufacturing PMI

• Fed Interest Rate Decision

Thursday, February 2

• Challenger Job Cuts

• Nonfarm Productivity

• Factory Orders

Friday, February 3

• Unemployment Rate

• Nonfarm Payrolls

• Average Hourly Earnings

• ISM Non-Manufacturing PMI, Employment, Business Activity, and Prices

As you can see, there is a lot of important data coming but none more important than the Fed’s interest rate decision on Wednesday. I am going to be out of the office on Thursday and possibly Friday so I may not be posting at the end of this week.

Something that I’ve been working on recently was a comparison of the offshore oil drillers. There are 11 drilling companies listed on FinViz. After looking through their websites, 10Qs/10Ks, and fleet reports, I narrowed it down to 6 companies whose primary focus is offshore drilling. Here’s what I came up with