4 Dates to Circle in October

October is here, and investors are hoping that there are more treats than tricks in store.

Let's go over a few of the upcoming days to watch.

October 17
Fast casual continues to grow as casual-dining eateries and fast-food chains languish, and Chipotle Mexican Grill  (NYSE: CMG  ) has been leading the way.

The popular burrito roller reports in two weeks, and analysts see revenue and earnings climbing 17% and 22%, respectively. You're not seeing that kind of growth out of traditional restaurant operators, and that's probably why Chipotle shares hit a fresh 52-week high yesterday.

Chipotle has been able to grow its comps through all economic climates. One challenge has been margins, but clearly Wall Street doesn't see that as a problem this time around in targeting bottom-line growth to outpace sales.

October 18
The tablet market continues to get more competitive, and Amazon.com (NASDAQ: AMZN  ) is hoping to raise the stakes with its Kindle HDX.

The 7-inch model hits the market on October 18, giving Amazon a strong entry for the holiday shopping season as a full-featured device. 

Amazon has been essentially selling its Kindle Fire gadgetry at cost, knowing that it can make it back through its ecosystem of digital downloads and services. This may or may not be a good business practice for Amazon, but it's creating nightmares for its competitors as buyers know that they're getting a lot of bang for their tablet buck by going with Amazon.

October 22
Microsoft  (NASDAQ: MSFT  ) took a bath on the first line of Surface tablets, but now it's ready to give it another go.

Surface 2 will hit the market in three weeks, and the software giant is hoping that it won't repeat the same mistakes that resulted in having to take a $900 million inventory charge on soft-selling Surface RT tablets the first time around. 

It's not the only update that Microsoft is working on this month. The Windows 8.1 update -- tackling some of the shortcomings of Windows 8 that has failed to breathe new life into the PC market -- goes out five days earlier. Microsoft's quarterly report follows two days later.

October 29
Speaking of Microsoft, Nokia (NYSE: NOK  ) reports near the end of the month. 

This will be the Finnish smartphone pioneer's first quarterly report since its decision to sell its devices and services business to Nokia for roughly $7.2 billion. 

Finland itself has been in an uproar over how a Microsoft executive was brought in, saw the company's value crater, only to sell its prized asset to Microsoft while collecting a fat bonus on the way back to his former company. 

Some stock ideas beyond October
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "
3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.


Read/Post Comments (3) | Recommend This Article (3)

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.

  • Report this Comment On October 01, 2013, at 9:02 AM, lee654 wrote:

    Nokia the winner, $7.50 by 10.30.13 . Long & buying! LS

  • Report this Comment On October 01, 2013, at 11:13 AM, Momintn wrote:

    "This will be the Finnish smartphone pioneer's first quarterly report since its decision to sell its devices and services business to Nokia for roughly $7.2 billion." You have a mistake here, as Nokia is selling its devices and services business to MSFT. The gain is going to Microsoft.

    "Nokia’s devices and services unit, which accounted for half of the company’s 2012 revenue, along with 32,000 employees, will transfer to Microsoft, the companies said. Nokia CEO Stephen Elop, 49, will return to Microsoft after a three-year stint running the Finnish manufacturer. The move stoked speculation he may be a successor to CEO Steve Ballmer, who said last month he’d retire within 12 months."

    http://www.bloomberg.com/news/2013-09-03/microsoft-to-buy-no...

  • Report this Comment On October 01, 2013, at 7:46 PM, armyofone6019 wrote:

    Nokia will still hit over $7+/share when msft take over. Giant software company now are going mobile as well. I'm sure they can make many kool software that will only be on Windows phone ( Nokia ). Not to mentioned also that they have billions of $$$$$ in cash to invest. I rate Nokia as a BUY.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2662235, ~/Articles/ArticleHandler.aspx, 11/21/2014 7:22:53 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