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 Citigroup reporting quarterly results on Monday morning. Earnings season for the banking giants began on Friday, with two of the "too big to fail" bellwethers posting record profits but soft revenue growth. Citi will be the next big report for the financial-services industry, kicking off a week where most of the major banks will be chiming in with fresh financials.
Intel chips in on Tuesday. Investors are down on Intel, and it's hard not to be, given the bleak numbers last week on the PC market. Industry tracker IDC reports that worldwide shipments of PCs fell a staggering 14% during the first three months of the year. Intel does far more than just microprocessors, but the market's still bracing itself for a dip in profitability.
Kinder Morgan Partners is one of the many names reporting on Wednesday. The limited partnership specializes in pipeline transportation and energy storage. Investors are largely drawn to the units for the healthy 5.9% yield, but analysts see strong growth in revenue and earnings this quarter.
Solar-energy stocks are rising again, and LDK Solar will give alternative-energy investors a fresh snapshot on the state of solar on Thursday. Yes, the market's braced for a significant quarterly deficit, but we're talking about a lot less red ink than LDK Solar was sporting a year earlier.
The market is typically quiet on Friday, but that's certainly not the case during earnings season. General Electric -- the multidimensional conglomerate that at one point roughly a decade ago commanded the largest market cap in the country -- is expected to post a quarterly profit of $0.35 a share. A welcome trend here is that GE has surpassed analysts' bottom-line targets in three of the past four quarters.
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 Intel and owns shares of Citigroup, General Electric, and Intel. 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.