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 kicks off the new trading week quietly, but at night it will be CBS (NYSE: CBS ) hoping for a competitive end to the college basketball season. Just as it has in each of the previous 32 years, CBS will be broadcasting the final game of collegiate basketball's tournament.
Brackets have already been busted, and even more will crack by the time the clock runs out on Monday night. However, you can be sure that sports bars and social-media sites will have milked the March Madness well into its conclusion in early April.
Alcoa (NYSE: WAG ) is reporting on Tuesday. Analysts aren't holding out for a strong quarter out of the aluminum giant. Wall Street sees Alcoa learning roughly half as much as it did a year earlier on a 5% decline in revenue. Alcoa fell short of analyst profit targets last time out, but it had consistently beaten market forecasts for several quarters before that.
This is a good time to be a housing-related play. Home sales are strong, and the economy's improving to the point where there's more disposable income around to spruce up new or existing digs. It's against this welcome backdrop that Bed Bath & Beyond (NASDAQ: BBBY ) will report quarterly results.
If you're holding out for a solid report, don't be. Analysts see slight declines in sales and profitability for the period. Growing awareness of cheaper online retailers and discounters sprucing up their home decor selection have been holding back the superstore chain.
It will be Rite Aid (NYSE: RAD ) looking to prescribe more investor satisfaction on Thursday. The drugstore chain's stock has been one of the market's bigger winners, more than tripling over the past year alone. Rite Aid seemed to be a penny stock destined for bankruptcy, but then it found a way to improve its operations and become a profitable company.
Wall Street sees another quarter in the black for Rite Aid when it reports on Thursday morning.
The final trading day of the week is typically quiet, but Wells Fargo (NYSE: WFC ) . ushers in the unofficial beginning of earnings season. The banking giant reports fresh financials on Friday morning, and it's one of the many "too big to fail" banks that will be reporting in the coming days. Analysts see a small uptick in earnings on a slight downtick in revenue.
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