There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
Microsoft (NASDAQ: MSFT ) has some serious ground to make up in the console wars. Its Xbox One has sold at least 2 million fewer systems than the Sony PS4, and on Monday it tries to address the growing gap by offering a bare-bones console at a lower price point.
Microsoft's already advertising the $399 rate that will officially go into effect on Monday. There's a catch -- it doesn't come with the Kinect camera-based controller -- but it's clearly not dominating the market at $499.
The Xbox One pricing move comes on the eve of E3, the gaming industry powwow where many gaming related companies are bound to make waves. Keep an eye on Microsoft, but be on the lookout for other companies throughout the week.
RadioShack (NYSE: RSH ) is reeling. It's posting losses. It's closing down stores. The suburban strip mall staple reports on Tuesday, and things are going to be ugly.
Analysts see sales slipping and losses widening. RadioShack may update the market on how its turnaround plan is coming along, but for now the chain is free falling toward obsolescence.
Homeowners have been receiving the huge Restoration Hardware (NYSE: RH ) catalog -- actually a collection of 13 source books weighing in at a whopping 17 pounds of decor ideas -- in recent days. On Wednesday they will see the retailer of upscale home furnishings weigh in with fresh financials. Analysts see profitability nearly doubling to $0.11 a share on a 16% uptick in sales.
Capstone Turbine (NASDAQ: CPST ) checks in on Thursday afternoon. The maker of microturbine energy systems is still posting quarterly deficits. Unlike RadioShack, it's serving up narrower losses on growing sales.
Capstone Turbine's stock hit a new five-year high earlier this year, but the stock has plunged 40% since peaking in March. It will have a great opportunity to win back bulls with a strong report.
How to Train Your Dragon was a sleeper hit for DreamWorks Animation (NASDAQ: DWA ) four years ago. Anyone following the computer animation studio knows that it doesn't take its box office hits for granted. It has followed up Shrek and Madagascar with sequels, and it will follow that strategy again when How to Train Your Dragon 2 hits theaters on Friday.
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