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 market kicks off with Alcoa reporting quarterly results on Monday. Investors are used to lumpy results out of the leading aluminum producer, but analysts see a surprisingly steady report this time around. Wall Street sees Alcoa matching last year's $0.10-per-share quarterly profit on a mere 1% decline in revenue.
PriceSmart hits the register on Tuesday. If you've never heard of this operator of a bustling chain of warehouse clubs, that's because its superstores are located throughout Latin America and the Caribbean. The bargains are alluring, and last month PriceSmart reported an impressive 8.8% uptick in comps at established stores for the 26 weeks ending in early March.
CarMax pulls into the showroom for its quarterly update on Wednesday. The used-car retailer has helped legitimize its niche by offering haggle-free pricing and offering to buy nearly every car that's brought in, even if the driver doesn't want to purchase a replacement ride. Analysts see CarMax earning $0.46 a share, just ahead of the $0.41 it rang up a year earlier.
Pier 1 Imports checks in on Thursday. The retailer of home furnishings has bounced back from the brink of bankruptcy. The stock traded for as little as $0.10 a share four years ago, but it's become one of the market's biggest winners, with its stock now perched above $20.
The market is typically quiet on Friday, but that won't stop investment banker JPMorgan Chase from reporting. It can be argued that JPMorgan's report officially kicks off the upcoming earnings season, as most of its "too big to fail" peers will be reporting in the trading days to follow.
Beyond next week
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The article The Fool Looks Ahead originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends PriceSmart and owns shares of JPMorgan Chase. 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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