Montag ALCOA
Mittwoch GENENTECH und YAHOO
Donnerstag GENERAL ELECTRIC und JUNIPER NETWORKS sowie RAMBUS
und PRODUCER PRICE INDEX
Freitag RETAIL SALES und MICHIGAN INDEX
There's going to be a period of tremendous disclosure about corporate practices during the quarter" as companies struggle to come clean, said Douglas Altabef, managing director at Matrix Asset Advisors.
"People are going to want to speak before they are 'outed' by someone else. In the short-term it will feel like a self-inflicted witch hunt, but in the long-term, its going to be very much a positive thing."
Quarterly reporting heats up
A number of big names are due to report results this week.
On Monday, aluminum maker and Dow component Alcoa is expected to report earnings of 29 cents per share, a 39 percent decline from the 48 cents per share it earned a year earlier.
Wednesday brings results from biotech Genentech DNA and Web media company Yahoo! . Genentech is expected to earn 22 cents per share, 15 percent better than the 19 cents per share a year earlier. Yahoo! is forecast to have earned 2 cents a share, doubling its results from a year ago.
On Thursday, Dow component and diversified manufacturer General Electric GE is expected to report earnings per share of 44 cents, 12 percent better than the 39 cents earned one year earlier.
"GE will probably talk up their numbers, but I don't know if I buy it," said Julius Baer's Gallagher.
Juniper Networks JNPRa provider of communications equipment for telecoms, is expected to show a loss of a penny Thursday, down 111 percent from the 9 cents earned one year earlier.
Thursday also brings results from Rambus RMBS. The chipmaker is expected to have earned 6 cents per share, a 49 percent improvement over the 4 cents it earned one year earlier.
But, as is often the case, it's going to be what companies say about forward-looking quarters that is going to be most influential.
This week also brings a number of significant economic reports.
On Thursday, the U.S. Department of Labor releases its Producer Price Index, a measure of the price of goods at the wholesale level. June PPI is expected to be flat, after falling 0.4 percent the previous month. Stripping out the often volatile food and energy components, the index is expected to show a rise to 0.1 percent from a breakeven reading the previous month.
On Friday, the Census Bureau releases June retail sales, projected to show an 0.6 percent rise after showing an 0.9 percent decline in May. Excluding the auto component, sales are projected to rise 0.4 percent, after declining 0.4 percent last month.
Also Friday, the preliminary University of Michigan reading on consumer sentiment for July is due. The index is expected to show a rise to 93.3 in July from 92.4 in June.
Mittwoch GENENTECH und YAHOO
Donnerstag GENERAL ELECTRIC und JUNIPER NETWORKS sowie RAMBUS
und PRODUCER PRICE INDEX
Freitag RETAIL SALES und MICHIGAN INDEX
There's going to be a period of tremendous disclosure about corporate practices during the quarter" as companies struggle to come clean, said Douglas Altabef, managing director at Matrix Asset Advisors.
"People are going to want to speak before they are 'outed' by someone else. In the short-term it will feel like a self-inflicted witch hunt, but in the long-term, its going to be very much a positive thing."
Quarterly reporting heats up
A number of big names are due to report results this week.
On Monday, aluminum maker and Dow component Alcoa is expected to report earnings of 29 cents per share, a 39 percent decline from the 48 cents per share it earned a year earlier.
Wednesday brings results from biotech Genentech DNA and Web media company Yahoo! . Genentech is expected to earn 22 cents per share, 15 percent better than the 19 cents per share a year earlier. Yahoo! is forecast to have earned 2 cents a share, doubling its results from a year ago.
On Thursday, Dow component and diversified manufacturer General Electric GE is expected to report earnings per share of 44 cents, 12 percent better than the 39 cents earned one year earlier.
"GE will probably talk up their numbers, but I don't know if I buy it," said Julius Baer's Gallagher.
Juniper Networks JNPRa provider of communications equipment for telecoms, is expected to show a loss of a penny Thursday, down 111 percent from the 9 cents earned one year earlier.
Thursday also brings results from Rambus RMBS. The chipmaker is expected to have earned 6 cents per share, a 49 percent improvement over the 4 cents it earned one year earlier.
But, as is often the case, it's going to be what companies say about forward-looking quarters that is going to be most influential.
This week also brings a number of significant economic reports.
On Thursday, the U.S. Department of Labor releases its Producer Price Index, a measure of the price of goods at the wholesale level. June PPI is expected to be flat, after falling 0.4 percent the previous month. Stripping out the often volatile food and energy components, the index is expected to show a rise to 0.1 percent from a breakeven reading the previous month.
On Friday, the Census Bureau releases June retail sales, projected to show an 0.6 percent rise after showing an 0.9 percent decline in May. Excluding the auto component, sales are projected to rise 0.4 percent, after declining 0.4 percent last month.
Also Friday, the preliminary University of Michigan reading on consumer sentiment for July is due. The index is expected to show a rise to 93.3 in July from 92.4 in June.
