Wall Street This Week: Apple Speaks, Netflix Meets
Monday -- An Apple a Day
Apple (AAPL) kicks off the new trading week with its annual WWDC expo. The five-day conference for developers will run through Friday, hosting 100 technical sessions with more than 1,000 Apple engineers on hand.
WWDC is geared toward iOS and OS X developers, but it's also full of developments for consumers. Apple is widely expected to introduce its new streaming music service, and there may be other newsworthy moments.
Tuesday -- Splitting Headache
Netflix (NFLX) investors will gather Tuesday afternoon for the leading streaming video service provider's annual shareholder meeting. The stock is rolling these days, so Netflix won't have activists or proxy battles to worry about this year.
This doesn't mean that this will be an uneventful meeting. A big topic will be the likelihood of a stock split announcement. Netflix is asking shareholders for the right to have enough share issuing flexibility to declare a stock split as substantial as a 30-for-1 move. Approval should pass. The only real mystery is how big the stock split will be.
Wednesday -- It's Time to Make the Doughnuts
One of the companies reporting quarterly results Wednesday will be Krispy Kreme (KKD). Analysts see the company behind the decadent doughnuts growing sales at a hearty 12 percent clip over the prior year's period, but it sees essentially flat profitability.
Wall Street's holding out for net income of 22 cents a share, just below the 23 cents a share it posted a year earlier. It's hard for investors to be optimistic on that front. It's been more than a year since Krispy Kreme has beaten analyst profit forecasts.
Thursday -- Don't Be Chicken
Bojangles' (BOJA) went public last month, and posts its first financial results Thursday as a public company. There are more than 600 Bojangles' locations across the country, and the fried chicken chain is on a roll after posting year-over-year growth in comparable restaurant sales for 19 straight quarters.
Consumer-facing companies also tend to see a spike in business when they go public. It's apparently a form of free advertising to get the financial press to talk about you. We'll see Thursday how it all plays out.
Friday -- Orange Is the New Three-peat
"Orange Is the New Black" is arguably Netflix's most popular show after "House of Cards." It returns Friday for a third season. Just as we've seen with nearly all of the original content on the leading premium streaming service, Netflix will make the entire season available on its debut date.
It remains to be seen if the "binge viewing" craze that Netflix inspired by providing instant gratification to serial junkies is the right call, but it's hard to argue with the performance of its stock since "House of Cards" and "Orange Is the New Black" premiered two years ago.
Motley Fool contributor Rick Munarriz owns shares of Netflix. The Motley Fool recommends and owns shares of Apple and Netflix. Try any of our Foolish newsletter services free for 30 days, and check out our free report for one great stock to buy for 2015 and beyond.