Feb. 12 - While President Obama focuses on the economy Tuesday night, markets are bracing for some pretty disappointing retail numbers in the morning. Still we could see an upside surprise.
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While President Obama focuses on the economy tonight markets are bracing for some previous -- when he retail numbers in the morning sales are set to rise slightly by only 110 of a percent in January according to the latest Reuters poll. To blame higher taxes biting into paychecks. So our economic -- as market. Might be too pessimistic. The number on -- -- watching most closely is retail sales excluding automobiles gasoline and building supplies great proxy war consumer discretionary spending overall. Expected to rise by about two tenths of percent and should exceed the overall headline figure retail sales. -- last week we got a same store sales figure that rose. 5% that was the best showing since September 2011 and it could be a really good barometer for an upside surprise. We take the pulse of corporate tech spending with Cisco results after the close. With dirty -- coming flat the focus will be on the outlook from CEO John Chambers. He's expected to stay cautious according to a top rated star mining analysts last quarter he warned Europe's slowdown would get worse. The sport -- -- defined. As those shares are up nearly 7%. Over the last year. And then there's the health of agriculture with -- results profits should rise from a year ago as US farmers buy more equipment to cultivate expected number -- Also pay close attention to what the company says about the outlook. Last quarter dear -- -- 2013 earnings would rise slightly to 3.2 billion dollars. It estimated the strongest growth would come from South America -- shares are up nearly 8%. Since the start of the year. -- -- us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash writers TV. Wondering where to place your bets after president Obama's State of the Union Address. We'll be -- topped -- live at 11 AM about how to position yourself on clean energy healthcare. The economy. And from fashion house to Wall Street darling we turned the runaway success Michael course. They do exceptional profits -- shares have more than doubled since -- IPO. I'm putting mom this is writers.
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