5 Stocks to Watch This Week
There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
Peregrine Pharmaceuticals kicks off the new trading week with its latest quarterly report on Monday afternoon. Peregrine is researching monoclonal antibodies for the treatment and diagnosis of cancer.
No one's holding out for a profit. Peregrine is still at least a couple of years away from profitability and meaningful revenue. However, every quarterly conference call affords Peregrine the chance to update investors on its progress.
Further along in the treatment development cycle, MannKind faces a big milestone on Tuesday. That is MannKind's PDUFA date, when the Food and Drug Administration may approve its inhaled insulin Afrezza.
The FDA requested more clinical trials the last time out, but indications have been suggesting a more upbeat assessment this time around. Needle-fearing sufferers are hoping that MannKind gets approval here.
Bank of America becomes the third of the "too big to fail" banks to report this earnings season when it steps up with updated financials on Wednesday. The first bank to report, Wells Fargo, posted a sharp drop in mortgage revenue on Friday, so naturally investors will be keeping an eye on how Bank of America is holding up on that front.
Advanced Micro Devices checks in with its quarterly results on Thursday. AMD has done an admirable job of moving beyond its microprocessor business for PCs with its chips now powering all three of the world's largest video game consoles. The new strategy's been paying off for AMD. After a brief run in the red, AMD has come through with three consecutive profitable quarters. It hopes to stretch that streak to four quarters on Thursday afternoon.
The last day of the trading week is typically a quiet one, but that certainly isn't the case when earnings season rolls around. Several notable companies will be updating the market on their fiscal performances, but the biggest name here will be General Electric in the morning. Analysts see revenue and earnings per share climbing 3% and 8%, respectively.
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The article 5 Stocks to Watch This Week originally appeared on Fool.com.Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Berkshire Hathaway, and Wells Fargo and owns shares of Bank of America, Berkshire Hathaway, General Electric, and Wells Fargo. 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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