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 kicks off the new trading week with Capstone Turbine (NASDAQ:CPST) reporting. The maker of microturbines has been posting narrow losses in recent quarters, fueling the speculation that it will soon post a profit. The stock hit a two-year high last month, so market expectations are heightened as it gears up to offer its financials shortly after the market closes on Monday.
Zoetis (NYSE:ZTS) will be wagging its tail to get the market's attention on Tuesday. This company is a leading player in animal health, selling veterinary vaccines, medicines, and diagnostic products. It's a pretty steady yet slow-growing business, as folks care for their pets in all economic climates.
NVIDIA (NASDAQ:NVDA) reports on Wednesday. Susquehanna upgraded shares of the video-chip giant on Monday, encouraged by improvement in NVIDIA's graphics processing unit business. Unfortunately, the upgrade merely boosted the rating to "neutral." Raising its price target from $10.50 to $14 sounds great, but it's still lower than where the stock is trading at the moment.
Ellie Mae (NYSE: ELLI) will be in the house with fresh financials on Thursday. Ellie Mae is a provider of cloud-based enterprise solutions for the mortgage industry. These are challenging times for what was one of the hottest niches just a couple of years ago. Folks were refinancing when borrowing costs were at historic lows, and the turnaround in the residential real estate market saw mortgage originations spike.
Things have slowed now that rates have moved higher and housing activity has cooled. We'll see how Ellie Mae pans out, or if there was any substance to the buyout chatter that surfaced last year.
The trading week closes out with the second season of House of Cards making its debut on Netflix (NASDAQ:NFLX). The first season won critical acclaim and a couple of prolific awards, and it's become the cornerstone of Netflix's push for original programming. The series won't end here. A third season was recently approved.