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 first trading day of the week kicks off with Apple's (NASDAQ:AAPL) Worldwide Developers Conference summit. The consumer tech giant's annual event is a gathering for developers, but it's also been a good time for Apple to show off its latest operating system updates and possibly divulge any new products that are on the way.
Apple is trading considerably lower than it was during last year's WWDC event, so investors will be hoping that the company can kick-start its growth with well-received updates.
Piedmont Natural Gas (NYSE:PNY) hopes to energize investors with its quarterly report on Tuesday. The utility company distributes natural gas to more than a million customers in North Carolina, South Carolina, and Tennessee. The stock's 3.7% yield may not seem high, but slow and steady growth should give Piedmont the ability to increase that payout over time.
PVH (NYSE:PVH) dresses up for its fresh financials on Wednesday. The company behind Calvin Klein, Tommy Hilfiger, and other popular apparel brands is expected to earn $1.35 a share in its latest quarter, just ahead of the $1.30 it posted a year earlier. PVH has landed ahead of analyst profit targets in each quarter over the past year, so don't be surprised if it earns more than the $1.35 the market is settling for this time around.
Restoration Hardware (NYSE:RH) furnishes investors with its latest financial report on Thursday. The upscale retailer of home furnishings returned as a publicly traded company in November, and shares have more than doubled since the $24 IPO. Analysts see a small profit out of Restoration Hardware, but it has managed to beat Wall Street expectations in its first two reports since returning to the public market.
The market is typically quiet on Friday, but don't tell that to social gamers playing The Sims Social, Pet Society, and SimCity Social. Electronic Arts (NASDAQ:EA) is shutting down all three of the games on Friday.
Each game has faded in popularity since peaking, but all three were drawing hundreds of thousands of active players when EA decided to nix the diversions. This can't be healthy for the social-gaming industry. How will folks continue to invest time and money in online communities if they keep getting shut down?