Monday
The new trading week kicks off with Novellus (Nasdaq: NVLS) reporting its second-quarter results.

The semiconductor-equipment maker has been consistently growing its profitability since a string of quarterly deficits during the recessionary lull of late 2008 and early 2009. The pros see a profit of $0.76 a share, ahead of the $0.66 a share it rang up a year earlier.

Tuesday
Industrial-parts supplier Fastenal (Nasdaq: FAST) and shoemaker Wolverine World Wide (NYSE: WWW) check in on Tuesday. Both companies are expected to post reasonable bottom-line growth in their latest quarter.

Wednesday
ADTRAN (Nasdaq: ADTN) reports on Wednesday.

Wall Street is banking on a profit of $0.53 a share out of the networking specialist, but recent history suggests that ADTRAN will fare better. Just check out how the tech company has performed relative to Mr. Market's estimates over the past year.

Quarter

EPS

EPS Estimate

Difference
Q2 2010 $0.44 $0.35 26%
Q3 2010 $0.50 $0.44 14%
Q4 2010 $0.56 $0.44 27%
Q1 2011 $0.52 $0.46 13%

Source: Yahoo! Finance.

ADTRAN's been blasting through analyst targets -- by healthy double-digit margins -- for some time. There are no guarantees that the welcome trend will continue, but the safer bet is to side with the company until the pros catch up.

Thursday
Cubist Pharmaceuticals (Nasdaq: CBST) and Fairchild Semiconductor (NYSE: FCS) are just some of the names reporting on a busy Thursday. Earnings season kicks off about now, so expect a barrage of quarterly financials over the next few weeks.

Friday
The eighth and final installment of the Harry Potter series hits a crowded multiplex near you on Friday.

Time Warner (NYSE: TWX) has been able to masterfully milk J.K. Rowling's seven-book franchise on the silver screen over the years. It will now be time to move on, my fellow muggles.

Until next week, I remain,

Rick Munarriz