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
Micron Technology (MU +5.08%) kicks off the new trading week with fresh financials after the market closes on Monday. The memory giant's been on a roll, and healthy industry pricing dynamics for memory chips find Wall Street scrambling to keep up with Micron Technology's buoyant share price.
This past week alone we've seen Piper Jaffray boost its price target from $30 to $39. Raymond James followed by raising its goal from $30 to $40. Analysts clearly are trying to chime in as bullish ahead of Monday afternoon's announcement, and that's usually a great sign.
Tuesday
It will be Mr. Market filling his pharmacy prescription on Tuesday morning, after Walgreen (WAG +0.00%) reports fresh financials. The country's largest drugstore chain operates 8,216 stores and rang up $72 billion in sales last year.
Wall Street sees sales climbing 6% for the period with profitability rising even faster. This is as good as it gets to an all-weather industry in this climate, but Walgreen did come up short on the bottom line last time out.
Wednesday
Monsanto (MON +0.00%) hopes to harvest something good on Wednesday morning, when it presents its quarterly numbers. The agricultural chemicals giant is certainly controversial. You can't get into a debate about the benefits and detriments of GMOs without finding Monsanto's name thrown into the mix.
Are genetically modified crops harmful to those who ingest them? Do the benefits of the the more bountiful harvests produced through Monsanto's fortified seeds in feeding more of the world offset the potential health and environmental risks? You won't find the answers in this preview, but you can be sure that folks will be talking about it come Wednesday.
Thursday
ConAgra Foods (CAG +1.45%) is another corporate giant looking to feed the masses, but without the Monsanto notoriety. ConAgra is the name behind many supermarket staples. If you've ever spread Peter Pan peanut butter, sprayed Pam non-stick cooking spray, whipped up a heart-healthy Egg Beaters omelet, or cracked open a can of Chef Boyardee pasta, you've been a ConAgra customer.
Sometimes you can even be a customer twice, if you poured some Hunt's ketchup over a Hebrew National hot dog or topped off your Snack Pack pudding with a blast of Reddi-wip.
ConAgra reports on Thursday morning. Analysts see revenue and earnings declining slightly for the period.
Friday
The trading week closes out with KB Home (KBH 0.36%) offering up quarterly results. KB Home was one of the last major homebuilders to battle back into profitability after the real estate revival got under way a couple of years ago, but now it's firmly in the black.
Analysts see KB Home checking in with net income of $0.20 a share when it reports on Friday morning. It has beaten estimates by better than 40% in three of the past four quarters, so another blowout performance wouldn't be a major shock.
