Stocks to Watch This Week: Tiffany, Krispy Kreme and More

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Krispy Kreme Doughnuts sign logo

You can never know in advance all the news that will move the market in a given week, but some things you can see coming. From an upscale jeweler checking in with its quarterly bling to a doughnut maker that's been one of the market's biggest surprises during the past year chiming in with its quarterly treat, here are some of the items that will help shape the week that lies ahead on Wall Street.

Monday -- Rice Above It: It's hard to follow Amira Nature Foods (ANFI) without reaching for your passport.

After all, it's a company based out of the United Arab Emirates that specializes in selling India's Basmati rice, yet it went public last year on the New York Stock Exchange. Talk about going from Dubai to Mumbai to "Oh, my!"

The IPO hasn't been as well received as its signature grains.

Amira went public last October at $10, and it continues to trade in the single digits. It will have a chance to prove that it belongs in the double digits when it reports earnings Monday after the market close.

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Tuesday -- Breakfast at Tiffany's: There's no better bellwether for the state of luxury retail than jewelry, and there's probably no better player to follow there than Tiffany (TIF).

The high-end jeweler with the signature blue boxes reports earnings Tuesday morning, and investors are holding out for a modest 6 percent uptick in sales.

Sure, Tiffany would love to be growing faster, but the important thing is that at least it's taking small steps in the right direction. There have been several surprising disappointments in retail this earnings season, and most of them have come on the discounting end of the spectrum.

Tiffany's report should illustrate that the affluent are still spending in this gradual economic recovery.

Wednesday -- Keeping it Fresh: The Fresh Market (TFM) is another fair proxy for luxury retail.

Fresh Market runs 138 high-end supermarkets. They are smaller locations than your typical grocery superstore, but it specializes in more sophisticated fare, complete with an old world butcher shop, foodie-approved prepared eats and a florist.

Fresh Market is often mistaken as organic, but that's not exactly accurate. It's merely a fast-growing chain of grocery stores selling premium items.

Analysts see revenue and earnings climbing 14 percent higher in its latest quarter when it reports on Wednesday afternoon.

Thursday -- Let's Make Homer Simpson Jealous: Doughnut fans would rather bite into a warm Krispy Kreme (KKD) glazed treat than pull up its nutritional information, but investors are the ones that have been getting the sweetest rewards lately.

Shares of Krispy Kreme have roughly tripled during the past year, as the maker of decadent doughnuts continues to crank out tempting financials. (If we invested like Homer Simpson ate doughnuts, we'd all have fatter portfolios -- and waistlines -- today.)

It reports its latest quarterly results Thursday afternoon, and it's shaping up to be another period of healthy growth with per-share earnings climbing 25 percent on a 9 percent top-line ascent.

That may sound strong, but the refreshing surprise is that the pros haven't been strong enough in their targets. Krispy Kreme has blown away Wall Street's profit estimates in three of the past four quarters.

Friday -- Here Comes the Sun: Friday's are typically quiet on the financial front, and this Friday also happens to be the final trading day of the month.

Investors hungry for market news may as well look up to the sun. ReneSola (SOL) and Yingli Green Energy (YGE) are two of the Chinese makers of photovoltaic products that buildings and homes are using to transform solar power into energy.

This has been a tricky market lately, especially as cash-strapped international governments scale back on subsidies to speed up the migration to solar-powered solutions.

Wall Street sees both ReneSola and Yingli posting sharp deficits for the quarter, but the good news is that the sun will come out tomorrow.

Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends The Fresh Market.


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