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 with SYSCO (NYSE: SYY ) reporting quarterly results in the morning. The leading foodservice provider delivers food and other essentials to restaurants, schools, prisons, and any other institution that prepares meals. It's a big business, ringing up $44.4 billion last year alone.
Growing its bottom line has been a challenge. Earnings per share has declined for three consecutive years, and that can't continue if Sysco wants to keep its even more impressive streak of annual dividend hikes going.
It's Teacher Appreciation Day, but it won't just be a day of polished apples for the country's favorite burrito roller. Chipotle Mexican Grill (NYSE: CMG ) is offering all educators -- that includes teachers, faculty, and staff with valid school ID -- a "buy one, get one free" offer on its burritos, bowls, salads, and taco orders after 4 p.m.
Chipotle doesn't necessarily need the extra traffic. Comps soared 13.4% in its latest quarter, bucking the malaise that we've seen at other fast casual chains. However, Chipotle always finds a way to score points with the community.
SandRidge Energy (NYSE: SD ) hopes to strike it rich on Wednesday when it reports fresh financials after the market close. Analysts see the oil and natural gas explorer and field services provider posting a profit of $0.03 a share on a slight decline in revenue. It's OK to aim higher. SandRidge has beaten Wall Street's quarterly profit targets by at least 100% over the past year.
Cablevision (NYSE: CVC ) steps up at an interesting time. There's been a lot of sector consolidation in the cable television industry. It's also a time of growth. We've already seen two of its rivals report sequential growth in video customers, something that we haven't seen in a long time. Is the cord-cutting trend over? We'll get another glimpse into the industry when Cablevision reports on Thursday.
The final trading day of the week is typically quiet, but that won't stop Vringo (NASDAQ: VRNG ) from reporting its quarterly results on Friday. Vringo began as a modest company making a popular video ringtone app, but then it acquired some big patents from Lycos covering online ad targeting. That turned Vringo into an intellectual property play, and emerging victorious against dot-com titans in legal battles and settlements has made it a popular yet volatile investment.
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