Wall Street This Week: Disney Rewinds, TiVo Looks Ahead
From Pixar doing something that it has never done before to the creator of the DVR announcing quarterly results, here are some of the things that will help shape the week that lies ahead on Wall Street.
Monday -- Game On
The holiday-abridged trading week kicks off with GameStop (GME) reporting quarterly results. The leading video game retailer is enjoying the success of the Xbox One and PS4. Both consoles have been on the market for two years, and they're only growing in popularity.
Unfortunately for GameStop, a lot of die-hard gamers are now downloading games instead of purchasing disc-based titles sold at physical stores. We'll see which way the company's finances have headed on Monday, but more important, we'll get a read of how it sees its seasonally potent holiday quarter playing out.
Tuesday -- DVR the Night Away
TiVo (TIVO) reports financial results Tuesday afternoon. The DVR pioneer made waves last week when it announced that longtime CEO Tom Rogers would be stepping down in January.
%VIRTUAL-WSSCourseInline-908%DVRs may not seem as necessary these days. Cable and satellite television providers offer widening on-demand programming, and streaming sites with growing digital vaults mean that it's less important to record shows ahead of time. Despite this challenging climate, TiVo has been able to post double-digit revenue and earnings growth. It is expected to do the same Tuesday.
Wednesday -- Rendered Dinos
Disney's (DIS) "The Good Dinosaur" hits movie theaters Wednesday. It's the latest computer-rendered animated feature from Pixar.
This is the first year that Pixar has had two releases in the same year: "Inside Out" came out this summer. It wasn't supposed to happen. "The Good Dinosaur" was originally set to hit theaters last year, but internal hiccups and creative differences bumped the release to 2015 and ultimately to this Wednesday.
Thursday -- Gobble Gobble
The market is closed in observance of the Thanksgiving Day holiday, but the same can't be said about many retailers. Several stores are kicking off the holiday shopping season with sales starting Thursday night.
Some retailers are trying to stand out by not opening on Thanksgiving Day, but if the deals are there to be had, then shoppers have shown a tendency to show up.
Friday -- Black Friday
It may not be correct to call Black Friday the start of the holiday shopping season anymore, especially since so many retailers kicked off their doorbuster deals Thursday. In fact, some merchants have been drumming up holiday sales for several weeks.
Amazon.com (AMZN) has been offering deep discounts on select items with its "Countdown to Black Friday Deals Week" when November began. With online retailers well positioned to once again steal market share from brick-and-mortar chains, it's fair to say that many shoppers will bypass the local crowds and snap up discounted gifts online instead.
Motley Fool contributor Rick Munarriz owns shares of Walt Disney. The Motley Fool owns shares of and recommends Amazon.com and Walt Disney. Try any of our Foolish newsletter services free for 30 days, and click here to check out our free report for one great stock to buy for 2015 and beyond.