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 DragonWave reporting its quarterly results. The supplier of packet microwave radio systems for mobile and access networks is expected to post another quarterly loss, but that doesn't mean everyone's afraid of DragonWave as a credit risk. The company announced on Tuesday that it's amending its existing revolving-credit facilities to give it more room to borrow.
Shaw Communications checks in on Tuesday morning. The Canadian media and communications giant is expected to grow revenue and earnings by just 2% to 3%, but that's the consistent nature of Shaw. Analysts see top- and bottom-line growth in the low single digits for all of fiscal 2014 and 2015.
Bank of America is one of many of the "too big to fail" banking behemoths set to report this week. The Federal Reserve has already indicated that it will begin tapering its quantitative easing practices this year, and that should push up interest rates. Higher borrowing costs may dissuade homebuyers and businesses, but the bigger yields may also bring back savers who in recent years have turned to bonds and dividend-paying stocks for income.
Intel offers up fresh financials on Thursday. The company has made the most of slumping PC sales to get its chips and other tech solutions into as many other items as possible. That's a good thing. Industry tracker Gartner reported this week that PC unit shipments fell nearly 7% worldwide in the fourth quarter relative to a year earlier.
The strategy appears to be working. Analysts see modest gains on both ends of the Intel income statement.
The final trading day of the week is typically quiet, but not this time around, with General Electric reporting. The conglomerate that dabbles in everything from engine parts to appliances is expected to post a quarterly profit of $0.53 a share in the morning, blowing past the $0.44 it recorded a year earlier.
Beyond the current week, let's look ahead to all of 2014
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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 Bank of America and Intel and owns shares of Bank of America, 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.
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