The Stocks to Watch This Week

At this time of year -- that is, earnings season -- there's always a lot to watch in terms of the market. The upcoming week is nevertheless of particular significance given the mix of companies reporting as well as the important economic reports that are intermixed throughout the next five days. But if there's one theme that's likely to have more of an impact on the S&P 500 (SNPINDEX: ^GSPC  ) than anything, it'll be housing.

On Monday, the National Association of Realtors releases its estimate of June existing home sales, followed up on Tuesday by the release of the Federal Housing Finance Agency's housing price index. On Wednesday, the Commerce Department announces its estimate of June new-home sales and the Mortgage Bankers Association reports the previous week's mortgage application activity. Finally, on Thursday, Freddie Mac publishes the average mortgage rate throughout the country.

If that isn't enough, moreover, the nation's two largest homebuilders are both set to report earnings on Thursday. D.R. Horton (NYSE: DHI  ) is expected to earn $0.34 per share on $1.71 billion in revenue. Following the company's last earnings release, its shares rose to a six-year high after announcing that its fiscal second-quarter profit more than doubled over the preceding three-month time period.

Meanwhile, analysts expect PulteGroup (NYSE: PHM  ) to earning $0.30 per share on $1.39 billion in revenue. It, too, outperformed expectations the last time it reported earnings, sending its shares soaring to a multiyear high.

Beyond these companies and economic releases, investors will be watching for earnings from a slew of other blue-chip concerns. On Tuesday, both UPS and Apple report. Boeing, Caterpillar, and Ford follow suit on Wednesday. And Amazon.com, 3M, and Coca-Cola are set to release their figures on Thursday.

If you're on the lookout for high-yielding stocks, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your copy today at no cost! Just click here.


Read/Post Comments (0) | Recommend This Article (7)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2547555, ~/Articles/ArticleHandler.aspx, 7/25/2014 1:09:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement