There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
The new trading week kicks off with Hovnanian Enterprises (NYSE: HOV ) reporting. The homebuilder has benefited from the perfect storm of appreciating home values, brisk turnover of homes on the market, and what was until recently historically low mortgage rates. Interest rates have started to inch higher, so it will be interesting to see Hovnanian's outlook.
It will be hard to escape the magnetic pull of Apple (NASDAQ: AAPL ) on Tuesday. The consumer -ech behemoth will introduce its new iPhone, and there may very well be a few surprises along the way. Expectations are already running high for Apple to unveil a cheaper smartphone line, and it would be a shame to see the company miss out on the smartwatch craze.
Men's Wearhouse (NYSE: MW ) turned heads three months ago after ousting founder George Zimmer. The move became mainstream news because Zimmer's been the iconic face of the suit retailer for ages.
"You're going to like the way you look," he would say in the ads. "I guarantee it."
Analysts see flattish revenue and earnings growth when it reports its latest quarterly results on Wednesday. That's certainly not the way to justify booting a chain's most recognized executive.
I guarantee it.
The latest Netflix (NASDAQ: NFLX ) series makes its debut on Thursday, though Ricky Gervais' Derek isn't technically a Netflix original. The somewhat controversial sitcom already aired overseas. However, Netflix is bringing it stateside to see if its subscribers can warm up to Gervais' politically incorrect humor.
The market will be quiet on Friday, giving investors time to digest Hovnanian's numbers, Apple's new gadgetry, how Men's Wearhouse is doing without Zimmer, and whether Derek is as offensive as some have claimed.
Moviegoers can turn to see Insidious Chapter 2 or The Family. Both movies are opening at a multiplex near you. The theaters shouldn't be too crowded, as the summer blockbuster push takes a breather this month.
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