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 with Triangle Petroleum reporting its latest quarterly results. The energy company is one of the players developing the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. Analysts see a profit of $0.26 a share on a surge in revenue. Wall Street's actually underestimated Triangle's earnings power in each of its two previous quarters, so that's an encouraging sign.
Smith & Wesson takes aim at the market with its quarterly shot on Tuesday. Gun makers may be controversial and politically polarizing, but there's no denying that there's been an appetite over the past few years among gun enthusiasts to arm themselves ahead of any potential legislation that would curb future purchases. That trend appears to be dying out. Wall Street sees flat revenue growth out of Smith & Wesson in its latest quarter.
Costco has become a popular company in the call for retailers to raise minimum-wage requirements, given its own high wages, and on Wednesday it will get a chance to shine with its latest quarterly report. Analysts see modest growth in the single digits on both ends of the income statement.
Also on Wednesday, Spotify is hosting a media event. Initial reports claim that the popular music-streaming service will offer limited access on mobile devices for free. It's currently available only as a premium offering. The streaming market continues to grow more competitive.
Ciena reports on Thursday. The optical-networking specialist has had its share of highs and lows in its volatile field, but it's been on a roll lately. It has trounced Wall Street's profit targets with ease in each of its past three quarters, and analysts see revenue surging 22% when it reports on Thursday.
The market is typically quiet on Friday, but with the holiday shopping season hitting the home stretch, it's a safe bet that the mall will be crowded. This may be a good time to tap into your inner Peter Lynch and trek out to the local shopping hub to see which stores are doing brisk business. Naturally, that's not enough due diligence. Are the packed chains faring well because they're offering massive sales? That would result in strong sales but likely disappointing results on the bottom line.
Investors go shopping in their own way this time of year.
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The article The Fool Looks Ahead originally appeared on Fool.com.
Longtime Fool contributor Rick Munarrizhas no position in any stocks mentioned. The Motley Fool recommends and owns shares of Berkshire Hathaway and Costco Wholesale. 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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