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 final trading week of January kicks off with Apple reporting in the afternoon. There's plenty riding on the report, given the new iPhones and iPads that hit the market late last year. Analysts see modest top- and bottom-line improvement, but they'll be focused on the growth, or lack thereof, for its phones, tablets, and Macs.
Corning checks in on Tuesday. The company hit a fresh 52-week high this past week, so naturally expectations are high heading into Tuesday's fourth-quarter report. If you're holding out for growth, check those hopes at the door. Analysts see Corning's profitability dropping from $0.34 a share to $0.27 on a 10% drop in revenue.
Facebook hopes the market accepts its friend request on Wednesday. Facebook went public two years ago at $38, but the IPO was a disappointment. The stock traded as low as the high teens a few months later, but it's tripled in value since then.
If you're holding out for growth at Facebook, there's no need to check those hopes at the door. Wall Street sees revenue and earnings soaring 48% and 59%, respectively.
Broadcom chips in with fresh financials on Thursday. The provider of semiconductor solutions for wired and wireless communications has beaten analyst profit targets every single quarter over the past year, but it will be challenged this time. Wall Street pros see revenue and net income coming in lower than a year earlier.
The final trading day of the week is typically quiet, but not this time around, with MasterCard reporting. The credit card marketer split its stock 10-for-1 on Tuesday, so investors will want to keep in mind that the financials also have to be tweaked that way.
Despite the challenges posed by PayPal and other financial transaction platforms, MasterCard hasn't had a problem posting consistent growth. Analysts see double-digit percentage growth at both ends of the income statement in Friday morning's report.
Looking 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 and owns shares of Apple, Corning, Facebook, and MasterCard. 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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