The market had more than a few speed bumps in January. Will February be any better?
Between earnings reports and programming milestones, there are plenty of events that could move the market this month.
Here are a few of the days that I plan to approach with eyes wide open.
Next week should be different. It's not necessarily Baidu's results that will be enchanting, even though it's certainly worth noting that analysts see quarterly profits rising 38%. The real draw to Baidu will be political, especially because tensions between China and the United States have been increasing since Google
Big G has since softened its stance, but the same can't be said about the two countries.
The Winter Olympics begin on this day. This should be a good time for General Electric's
The games will give NBC two weeks and change of fresh prime-time programming. And unlike other Olympics in host cities at the other end of the planet, being in Vancouver means that NBC won't have to either broadcast live events as they happen during the wee hours or package replays for prime time in this Twitter-ific age of instant information.
Another potential winner from the events may be Vail Resorts
There are plenty of barometers out there to gauge an economic recovery, but one of my favorites is simply Whole Foods Market
The news is encouraging. After posting five consecutive quarters of declines in identical-store sales, Whole Foods Market appears to have turned the corner. Comps were positive during the first two months of the fiscal first quarter; the company will post the results for the quarter in two weeks.
Sure, most industry mavens will closely watch the Wal-Mart
Sirius XM Radio
A lot of the good news is already out of the bag:
- Sirius XM already revealed that it added 257,000 net new subscribers during the final three months of the year. It's also targeting more than $100 million in free cash flow for all of 2009.
- Analysts are trickling in with upgrades or bullish coverage initiations.
- Shares of Sirius XM Radio hit a 52-week high this morning.
This doesn't mean that that all of the good news has been leaked. Analysts still expect a loss of $0.02 a share after Sirius XM's surprising break-even results during the third quarter (when analysts were also braced for a $0.02-a-share deficit). There is also the possibility that contract renewal talks with Howard Stern can firm up, since that five-year deal ends in December.
In short, Sirius XM may not be reporting exactly on the 25th -- it has only revealed that it will put out its quarterly report later this month. That's not the biggest mystery that remains here.
Are you circling any particular dates in February for financial news? Share your calendar in the comments box below.
Wal-Mart is a Motley Fool Inside Value recommendation. Baidu and Google are Rule Breakers selections. Whole Foods Market is a Stock Advisor pick. The Fool owns shares of Vail Resorts, which is a Motley Fool Hidden Gems recommendation. Try any of our Foolish newsletter services free for 30 days.
Longtime Fool contributor Rick Munarriz wonders why February is the month that has to do all of the leaping every four years. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.