Wall Street This Week: Starbucks Scores, IBM Snores
Monday -- Heavy Metal
The major market exchanges are closed in observance of Martin Luther King Jr. Day. This doesn't mean that business news will take a holiday, though. Thompson Creek Metals (TC) expects to publish its quarterly results on Monday.
It's not likely to be pretty. Thompson Creek Metals' principal operating property is an open-pit copper and gold mine and concentrator in British Columbia. With gold and recently copper taking a hit, it's a rough place to be. Shares of Thompson Creek Metals hit an all-time low last week. The results will be released on Monday, followed by a conference call to discuss the financials on Tuesday morning.
Tuesday -- Big Blue Marble
IBM (IBM) has gone from being a tech bellwether to a tech company that's under the weather. The company that helped usher in the era of personal computing before moving on to higher-margin enterprise software and consulting is in a funk.
Investors will get a glimpse into Big Blue's challenges on Tuesday when it reports quarterly results. Analysts see revenue and earnings sliding 10 percent and 11 percent, respectively, over the prior year.
Wednesday -- No One Puts eBay in a Corner
Wednesday will be eBay's (EBAY) turn to shed some light on how the holiday shopping season played out for the leading online marketplace and payment processor. The market will also be checking out the report to see if eBay has anything new to say about plans to separate eBay from its faster-growing PayPal business later this year.
Thursday -- A Lot of Latte
Starbucks (SBUX) has been putting the "mo' " in mocha in recent years, and the near-term outlook couldn't be better. Improving employment trends in the country find more people commuting to work, likely making mornings at Starbucks busier than usual. Then you have the welcome tailwind of low gas prices, putting more money in the pockets of those commuters to spend on premium coffee.
Starbucks reports on Thursday afternoon. It should be another caffeinated report, with double-digit growth on both ends of the income statement.
Friday -- Bringing Good Things to Life
Fridays are usually quiet on Wall Street, but not during earnings season. Friday's big name will be General Electric (GE), the conglomerate that at its peak was one of the world's most valuable companies in terms of market capitalization.
Things haven't been going well for GE. The stock hit a fresh 52-week low last week. It reports on Friday morning: Analysts see revenue and earnings growing in the low single digits. That's not great, but at least it's moving in the right direction.
Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends eBay and Starbucks. The Motley Fool owns shares of eBay, General Electric, International Business Machines and Starbucks. Try any of our Foolish newsletter services free for 30 days. Is your portfolio ready for what the new year has to offer? Check out our free report for one great stock to buy for 2015 and beyond.