There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
Monday
The market is closed in observance of Memorial Day. The holiday should provide time to catch a few episodes of the fourth season of Arrested Development that began streaming exclusively through Netflix (NFLX +2.89%) the day before. This will be the third major piece of original content that Netflix has offered in the past four months.
It's a pity that Netflix doesn't report its monthly churn metric anymore, because it would probably be pretty good as the steady inflow of new shows keeps subscribers close.
Tuesday
Perfect World (PWRD +0.00%) logs in with its quarterly results on Tuesday.
Online gaming is hot in China, but Perfect World has seen better days. Analysts see revenue sliding 15% for the quarter, with earnings taking an even bigger 46% hit. Despite the uninspiring fundamentals, shares of Perfect World did hit a fresh 52-week high this past week. There are some potentially promising games in the pipeline, so clearly the market thinks Perfect World will turn things around.
Wednesday
Trina Solar (NYSE: TSL) hopes to shine on Wednesday, but that's no easy feat in solar these days. China's slowing economy and slammed European economies have been forced into scaling back solar energy investments, and that has hurt the industry. Wall Street's braced for a widening deficit at Trina Solar. It's probably not a good sign that Trina Solar has reported an even larger loss than Wall Street was projecting every single quarter over the past year.
Thursday
Express (EXPR +0.00%) is one of the many retailers reporting this week. The clothing chain has more than 600 stores, making it a decent proxy for mall life. The retailers that have chimed in for their fiscal quarters ending in April have posted mixed results so far. Wall Street's forecasting a slide in income on flat sales at Express.
Friday
The market is typically quiet on Friday, but don't tell that to Graham (GHM 0.04%). The maker of custom-engineered ejectors, pumps, condensers, vacuum systems, and heat exchangers reports on Friday morning. Analysts see profitability almost quadrupling to $0.31 a share, and revenue soaring 48%.
Don't mistake Graham for a growth stock based on a single quarter. Results are lumpy here, and analysts actually see flat revenue on a slight decline in earnings for the entire fiscal year that ended in March.
