The Fool's Look Ahead
By
Rick Aristotle Munarriz
May 17, 2008
|
Monday
Campbell Soup (NYSE: CPB) kicks off the new trading week. The soup specialist has been colder than gazpacho over the past three quarters, when it slightly missed Wall Street's estimates. Analysts are looking for a profit of $0.44 a share, in line with the $0.45 it earned a year ago.
Tuesday
If it's hardware you crave, Home Depot (NYSE: HD) checks in on Tuesday, a day after rival Lowe's (NYSE: LOW) speaks out. Having the two leading home-improvement superstore chains report on back-to-back days will give the market a great picture of the industry.
The picture won't be pretty. Wall Street is looking for both companies to post a dip in earnings amid the housing market's meltdown and the reluctance of lenders to offer refinancing deals that would bankroll home-improvement projects. Peek in to see when the two companies think their industry will catch a break.
Wednesday
We turn to cloud computing on Wednesday, when Salesforce.com (NYSE: CRM) reports. The company has revolutionized the enterprise-software market by giving companies the ability to save IT money by running Web-based applications instead of costly PC-tethered programs. Analyst guesstimates call for Salesforce to earn just $0.07 a share for the period, but the company has topped Wall Street's profit targets for three consecutive quarters.
Thursday
One of my favorite companies, GameStop (NYSE: GME), comes over to play on Thursday. Easily beating net-income expectations in the past five quarters, the leading video-game retailer has been in a good groove lately. Mr. Market is looking for first-quarter profits to soar 94% higher.
If you prefer your retailers with an apparel flavor, Gap (NYSE: GPS) and Aeropostale (NYSE: ARO) are among the nearly dozen chains reporting on Thursday.
Friday
Snakes. Why did it have to be snakes? All eyes will be on the multiplex over the weekend as the new Indiana Jones movie opens. Will Indy take the baton from Iron Man and make this a summer to remember for the exhibitors? The box-office adventure may be as action-packed as what you'll see on the silver screen.
Until next week, I remain,
Rick Munarriz
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