There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
Apple (NASDAQ: AAPL ) kicks off its annual Worldwide Developers Conference on Monday. This is an important time for the consumer tech giant as it tries to convince developers that Android isn't the world's mobile operating system of choice.
It's true that Android has been gaining ground on iOS as a freely available open platform, but Apple can always claim that iOS users are the ones spending money on applications. Either way, this won't just be a week for developers to tune in to hear what Apple's doing. The rumor mills say Apple is making a push for smart home technology and wearable computing.
FuelCell Energy (NASDAQ: FCEL ) reports quarterly results on Tuesday morning. Stifel resumed coverage of FuelCell Energy with a "buy" rating and a price target of $2.90 on Wednesday. It's usually a good sign when analysts scramble to make bullish calls just ahead of an earnings report, but naturally we'll have to see what Tuesday brings to FuelCell Energy investors.
True to its name, Five Below (NASDAQ: FIVE ) sells products that cost $5 or less. The chain is popular with teens and other young shoppers for its bargains on trendy items, bringing a new meaning to the "cheap chic" mantra. This is no stodgy dollar store.
Five Below reports fresh financials on Wednesday afternoon. Unlike other discounters that have been struggling to grow, Five Below's making the most of its increased comps by expanding aggressively. Analysts see revenue and earnings climbing 28% and 20%, respectively.
Ciena (NYSE: CIEN ) checks in on Thursday morning. Wall Street missed the boat in assessing the networking specialist last time out, when it earned more than twice as much as the $0.06 a share the pros were targeting. Analysts have responded by juicing up their estimates, and now they see Ciena earning $0.13 a share in its fiscal second quarter. It only earned $0.02 a year earlier.
If it's Friday, it must be time to stay in for a night of binge viewing. Netflix (NASDAQ: NFLX ) begins streaming the second season of Orange Is the New Black on Friday. At a time when traditional network television is pulling back on its prime time programming for the summer lull, Netflix is apparently kicking things into high gear. Another season of Hemlock Grove follows a month later.
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