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 just as earnings season is starting to heat up. One of the heavyweights reporting on Monday is Citigroup (NYS: C) .
The "too big to fail" banks have been generating plenty of attention in recent years, and it's not always for all the right reasons.
CSX (NYS: CSX) pulls into the station on Tuesday. Analysts see the rail transporter posting a quarterly profit of $0.43 a share, in line with what it earned during the same period a year earlier.
eBay (NAS: EBAY) bids for attention on Wednesday.
It's really not fair to continue to call the company eBay. Sure, its marketplace business is global and important, but PayPal is the eBay subsidiary that's been carrying the company in recent years. There are new challenges on that front, but it's hard to bet against PayPal's track record of holding off the competition.
Advanced Micro Devices (NYS: AMD) reports on Thursday, and it's not going to be pretty. The company already warned on Thursday night that it will post a roughly 10% sequential dip in revenue. That's pretty severe for a company that was expecting no more than a 4% quarter-over-quarter decline this summer.
The chipmaker blames market challenges and weakening demand for falling average selling prices and crushed gross margins. Investors may appreciate being tipped off a week early about the bad news, but that's not going to make Thursday's report any easier to take.
The week closes out with McDonald's (NYS: MCD) hoping to supersize its numbers. The world's largest restaurant operator held up well during the recession, but sales growth lately hasn't been all that impressive.
Maybe this month's Monopoly promotion will help. If not, it's never too late to bring back the cult fave McRib.
Check that calendar
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The article The Fool Looks Ahead originally appeared on Fool.com.Rick Aristotle Munarriz has no positions in the stocks mentioned above. The Motley Fool owns shares of Citigroup and McDonald's. Motley Fool newsletter services recommend eBay and McDonald's. 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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