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 Oclaro reporting. The provider of optical communications solutions is expected to post a quarterly loss after the market close.
It's probably a good sign that an analyst decided to actually upgrade Oclaro on Friday. B. Riley & Co. upgraded the stock -- from hold, to buy -- a day after Oclaro agreed to sell its semiconductor laser business in a $115-million deal.
Diehard gamers have Tuesday circled on their calendars. It's the day that Grand Theft Auto Vhits the market.
It's been more than five years since Take-Two Interactive set initial sales records with the release of Grand Theft Auto IV, and naturally, the video-game industry is expecting big things this time around.
The new Xbox One and PS4 hit the market in two months, so this will be a good test to see if gamers are still spending money, or if they're holding back to save up for November's new consoles.
Oracle checks in on Wednesday.
CEO Larry Ellison remains one of the more colorful characters in tech, and the enterprise software giant used to be one of its steadier performers. After failing to top Wall Street's profit targets in back-to-back quarters -- something that Oracle has rarely done given its tendency to land ahead of analysts -- investors will want to see Ellison's company get back on track.
Investors have cheered Rite Aid's return to profitability. The stock has nearly quadrupled since bottoming out nine months ago, and three straight quarters of positive net income will do that.
Analysts actually see a small deficit when the drugstore chain reports on Thursday, but it's hard to deny the momentum that the former penny stock's been building through 2013.
The market will be quiet on Friday, but it will be interesting to see how your local Apple Store is doing.
Apple releases the iPhone 5c and the iPhone 5s on Friday. The tech titan took pre-orders for the cheaper 5c, but that means that folks may be lining up for the 5s. Apple has surrendered market share to Android in recent years. Apple's global share of the market has shrunk from 17%, to 13% over the past year alone.
However, hope springs eternal whenever new iPhones are available. The last all-time high that Apple hit just happened to have taken place on the day when the iPhone 5 hit retailers last year.
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 Apple and Take-Two Interactive. The Motley Fool owns shares of Apple and Oracle. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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