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 market's closed in observance of Martin Luther King,Jr. Day, but there is a company reporting quarterly results. First Defiance Financial (NASDAQ: FDEF), the parent company of the First Insurance Group insurance agency and the 32-branch First Federal Bank of the Midwest, will release its financials after 5 p.m. It will wait until the traders return on Tuesday to host its conference call.
Advanced Micro Devices (NYSE: AMD) checks in on Tuesday. The semiconductor specialist may seem to be in a scary place as a maker of microprocessors while PCs are falling out of favor, but AMD has embraced a role in other consumer electronics that are growing in popularity. With November's launch of the Xbox One and PS4, AMD is now the chipmaker behind all three major gaming consoles.
Investors have been rewarded for AMD's resilience. The stock soared 61% last year, and it's beating the market again so far in 2014.
Netflix (NASDAQ: NFLX) reports on Wednesday. It closed out the third quarter by topping 40 million global subscribers for its streaming video service, and its guidance was calling for it to have more than 43 million by the end of December. Netflix was last year's biggest winner among S&P 500 components, so expectations will naturally be lofty this time around.
Nokia (NYSE: NOK) calls in on Thursday. The Finnish handset maker has been struggling in recent years. A poor CEO hiring decision and the backing of Windows instead of Android has cost it some serious market share to Samsung and other Asian speedsters. Nokia's future is blurry, but that's what makes Thursday's report so important. Investors are braced for another quarter of cascading revenue, but any insight into how 2014 will play out should go a long way toward dictating whether Nokia's share price continues to meander in the single digits.
The final trading day of the week is typically quiet, but not this time around with Xerox (NYSE: XRX) reporting. The provider of business process and document management services is expected to post slight dips in revenue and earnings per share on Friday morning, but it has found a way to beat Wall Street's profit targets every quarter over the past year.
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