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.
OCZ Technology (NYS: OCZ) kicks off the new trading week with its quarterly earnings report. Analysts see the maker of solid-state drives and other premium computer components earning a small profit for the period, reversing a deficit from a year earlier.
SYNNEX (NYS: SNX) reports on an otherwise quiet Tuesday. Shares of the IT supply-chain specialist surged after posting better-than-expected results in its previous quarter. Shareholders will naturally be holding out for a repeat performance.
SUPERVALU (NYS: SVU) hits the checkout line on Wednesday. The grocery-store chain is targeted to earn $0.24 a share in its latest quarter, flat with last year's showing during the same period.
Washington Federal (NAS: WFSL) reports on Thursday.
The regional banker with $13.4 billion in assets raised its dividend rate by 33% last month. Investors should be interpreting the move as confidence that Washington Federal can keep growing. It's probably not a surprise to see Wall Street banking on a 32% uptick in profitability in its latest quarter, nearly matching the payout move.
The final trading day of the week will be quiet aside from JPMorgan Chase (NYS: JPM) , which steps up with its quarterly financials in the morning. Analysts figure that the banking giant earned $0.93 a share in its latest quarter, short of the $1.12 it posted a year ago.
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At the time this article was published The Motley Fool owns shares of SUPERVALU and JPMorgan Chase.Motley Fool newsletter serviceshave recommended buying calls in SUPERVALU. 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.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Motley Fool has adisclosure policy.
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