The Fool Looks Ahead
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 new trading week kicks off with Caterpillar (NYS: CAT) reporting on Monday morning. The construction and mining equipment giant is expected to post a profit of $1.55 a share, comfortably ahead of the $1.22 it earned a year earlier.
Tuesday's the day for Illumina (NAS: ILMN) .
The genetic-testing specialist got slammed earlier this month, after Illumina hosed down its guidance. Slower upgrades and uncertainties over research funding have whacked demand.
Corning (NYS: GLW) reports on Wednesday. From fiber optics to ceramics, Corning does a bit of everything. The one thing it's unlikely to do, apparently, is grow its profitability. Wall Street is banking on a profit of $0.42 a share out of Corning, shy of the $0.51 it earned during the same quarter last year.
Fridays are typically sleepy on the earnings front, but not this time of year. Gasoline giant Chevron (NYS: CVX) is expected to post sharply improved earnings as we wrap up the trading week.
Until next week, I remain,
At the time this article was published Motley Fool newsletter serviceshave recommended buying shares of Illumina, Chevron, and Corning. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.Longtime Fool contributorRick Munarrizcalls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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