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 is closed on Monday in observation of Martin Luther King Jr. Day. It's OK to give up CNBC for just this one day.
Both companies have run into resistance lately. A Jefferies analyst downgraded LED specialist Cree on Thursday, tagging the stock with an underperform rating and a $28 price target. Copper miner Freeport McMoRan took a hit last month after overpaying for an acquisition.
They'll both get chances to win back the market on Tuesday.
3M (NYSE:MMM) checks in on Wednesday. Analysts see the diversified conglomerate with a storied history of product innovation earning $1.41 a share, just ahead of the $1.35 it posted a year earlier.
Cirrus Logic (NASDAQ:CRUS) checks in on Thursday. Cirrus has been weak lately, and it's easy to see why. The company relies on the iPhone for a large chunk of its revenue, and reports that orders are being scaled back to component providers aren't going over too well.
The final trading day of the week is usually quiet, but investors may still want to check out Procter & Gamble (NYSE:PG). The consumer-products giant behind everything from Pampers baby diapers to Crest toothpaste is expected to crank out a profit of $1.11 a share, in line with the $1.10 it posted a year earlier.
Fool contributor Rick Aristotle Munarriz owns shares of Freeport-McMoRan Copper & Gold. The Motley Fool recommends 3M and Procter & Gamble and owns shares of Cirrus Logic and Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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