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 Calavo Growers (NASDAQ:CVGW) reporting its quarterly results. Guacamole is as popular as ever, and not just because it's the only item at your favorite burrito joint that costs extra. Calavo Growers is a leading grower of avocados, and it should continue to rock with the guac, as the pros see revenue soaring 32% in its latest quarter.
Micron Technology (NASDAQ:MU) has made the most of the popularity of flash memory in smartphones, tablets, and netbooks. The volatility of DRAM prices is what has rocked Micron's financials from time to time.
Right now Micron's business is booming. Analysts a healthy profit of $0.44 a share, with revenue more than doubling for the quarter.
One of the market's more controversial players, Monsanto (NYSE:MON), reports on Wednesday. Agricultural chemicals help farmers improve their yields, but activist groups argue that Monsanto's agribusiness enhancements are doing more harm than good. Monsanto isn't going to change perceptions overnight, but at least we'll get a snapshot of how it's holding up financially.
Alcoa (NYSE:AA) reports on Thursday. Analysts see the aluminum giant posting slightly lower revenue and earnings than it did a year earlier, but that doesn't mean it will happen. Alcoa has trounced Wall Street's profit targets in the past three quarters -- by 17% or better -- and it wouldn't be a shock to see it at least match last year's bottom-line performance.
The final trading day of the week will be quiet outside of coinciding with the final day of the four-day Consumer Electronics Show expo in Las Vegas. This is annual consumer-tech showcase where companies roll out the gadgetry that they expect will make waves later in the year.
If you're still hungry for earnings news, you can hold out for Infosys (NYSE:INFY). Providing consulting, technology, and outsourcing solutions out of India offers global companies cost-effective IT services, and Infosys should deliver another quarter of growth.
Look beyond next week
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