5 Things to Watch This Week: Pizza Dough, Bankers' 'Dough' and More
Monday -- X Marks the Spot: Data storage is a big part of businesses in the modern age; companies have massive amounts of information to manage and keep secure. Xyratex (XRTX) may not be a household name, but it is well-known to corporate IT departments seeking enterprise data storage solutions.
Xyratex reports on Monday afternoon. It's seen better days, and analysts predict it will report a sharp drop in revenue. However, Xyratex has been able to beat Wall Street's profit targets with ease over the past four quarters.
Tuesday -- Big Banking's Big Close Up: It's going to be a roll call of the "too big to fail" banking behemoths as they step up for their quarterly results. Wells Fargo (WFC) and JPMorgan Chase (JPM) kick things off on Tuesday. That will be followed by Bank of America (BAC) on Wednesday. Citigroup (C) and Goldman Sachs (GS) step up on Thursday.
These are interesting times for the financial services providers. Interest rates are starting to move higher, and that may get in the way of demand for mortgages, but it will also help improve the chances that customers open and fund savings and checking accounts.
Wednesday -- Tracking Trains: Railroads may seem like yesterday's mode of transportation, but rail remains a viable way to get goods moving across the country. CSX (CSX) reports on Wednesday. The provider of rail, intermodal, and rail-to-truck transload services and solutions has been shipping goods for 185 years. It offers coverage through every major metropolitan market in the eastern United States.
%VIRTUAL-article-sponsoredlinks%Analysts see revenue inching up by 3 percent, with CSX's profit of $0.42 a share besting the $0.40 a share it posted a year earlier. CSX will naturally fare even better if the economy continues to improve or if rival shipping solutions get more expensive.
Thursday -- Crust of Life: Lately, Pizza Hut hasn't been able to get the same kind of respect as the other Yum Brands (YUM) chains. Yum has aggressively expanded its KFC chain in China, and Taco Bell experienced a healthy revival two years ago with the introduction of taco shells dusted with Doritos flavors.
Now it may be Pizza Hut's turn to make waves. PizzaHut.com is pointing to Thursday as the day that it will introduce a new menu item. "A one-of-a-kind crust will rise," Pizza Hut promises, and it's probably a safe bet that it won't feature Doritos spices. Then again, that doesn't seem like such a bad idea.
Friday -- It's a Gas: Schlumberger (SLB) knows the drill. It has a presence in more than 85 countries, providing the oil and gas industry with technology, integrated project management, and information solutions. Schlumberger reports on Friday morning. Wall Street expects to see revenue climbing 8 percent, with profitability growing at an even faster rate. That's the right way to fuel investor interest.
Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Goldman Sachs and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, CSX, JPMorgan Chase and Wells Fargo.