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 first trading day of the week kicks off with Alcoa posting quarterly results. The aluminum giant has fallen out of favor with investors. The stock has been trading in the single digits since May of last year.
Analysts aren't holding out for much. They see Alcoa matching last year's quarterly profit of $0.06 a share on flat revenue growth.
Wolverine Worldwide steps up on Tuesday morning with fresh financials. The footwear maker behind Hush Puppies, Stride Rite, and other popular brands saw its stock hit a new high earlier this week. Analysts at Argus also boosted its price target on the shares from $54 to $64.
Wolverine has blown Wall Street's profit targets away in its two most recent quarters, setting the stage for another potential beat on Tuesday.
Fastenal checks in on Wednesday. The maker of fasteners for the industrial and construction industries had an impressive streak come to an end late last year. Fastenal managed to come through with 29 consecutive quarters of posting double-digit revenue growth, and that string of strong top-line spurts ended last October.
Wall Street sees Fastenal growing its revenue and earnings per share in the high single digits in Wednesday's quarterly report. That certainly isn't too shabby even if it doesn't match Fastenal's earlier heady pace.
Netflix has had a wildly successful year in terms of first-run content. February's House of Cards and May's Arrested Development revival have helped establish Netflix as a legitimate rival to premium cable channels.
Netflix will hope to further cement its legacy on Thursday with the debut of Orange Is the New Black. The prison drama is the handiwork of Weeds creator Jenji Kohan. The early reactions have been largely favorable. The New Yorker called it "terrific" and "smart, salty, and outrageous" in its critique.
We'll see if audiences feel the same way.
Things are usually quiet on Fridays, but that won't stop Joe's Jeans from reporting. The premium denim specialist should benefit from strong growth in luxury apparel. As the economy continues to bounce back, we're finding fewer people flinching at paying $300 for a pair of jeans.
Wall Street's betting on improving profitability at Joe's Jeans, with a 14% spike in net sales.
Get ready for more than just next week
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The article The Fool Looks Ahead originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz owns shares of Netflix. The Motley Fool recommends and owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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