The earnings season has slowed down dramatically, but there are still several notable companies that will report this week. This holiday shortened week will likely be full of plenty of volatility. In the past few days wall street has once again become increasingly concerned with both skyrocketing oil prices and the possibility of a long and deep recession. This week will likely be a tug of war between the bulls who feel stocks have become cheap again, and the bears who believe this market has a lot more room to move to the downside.
Notable earnings for this week:
Tuesday May 27th
- Shanda Interactive Entertainment (Nasdaq:SNDA) This Chinese online gaming company was a huge hit 4 or 5 years ago, but its popularity with investors has waned some of late. The market expects 51 cents per share.
Wednesday May 28th
- American Eagle Outfitters (NYSE:AEO) This teen retailer has seen it shares suffer quite a bit recently as investors worry about consumer spending. The earnings guidance will likely be very important here. Investors are expecting 19 cents per share.
- CBRL Group (Nasdaq:CBRL) This stock of the parent company of Cracker Barrel store and restaurants actually sits 8% lower than it did the same time five years ago. The company has had some issues generating same store sales growth year over year. The market expects 48 cents.
- Chico's FAS (NYSE:CHS) Chico's was one of the hottest retailers on the street 2 or 3 years ago, but things have turned sour quickly at Chico's FAS. The company targets women 35 and over, but their earnings have been on the decline for several quarters in a row. The street expects 6 cents per share.
- Coldwater Creek (Nasdaq:CWTR) The story at CWTR is strikingly similar to CHS, except things are even a little worse. Coldwater Creek has also been unable to keep women interested in their products. The company has swung from large profits to losses. The street is looking for -.16 cents a share.
- The Men's Wearhouse (NYSE:MW) Men's Wearhouse is trying to recover from a big earnings misstep at the end of last year that sent its shares into a tailspin. Investors are expecting 22 cents per share.
- Polo Ralph Lauren (NYSE:RL) RL has seen its estimates come down over the past month or two as analysts worry about the high-end customer. In the past RL has surprised to the upside quite often. Analysts are looking for 65 cents per share.
Thursday May 29th
- Big Lots (NYSE:BIG) In a retail environment that has been so tough, Big Lots has been able to do quite well. The company has reinvented itself after struggling through the early 2000's. Investors are expecting 36 cents on Thursday morning.
- Dell Inc. (Nasdaq:DELL) Dell is the last of the major tech companies to report, as it often is. The stock is lower by 13.55% on the year so far. The market expects 33 cents per share. The company's comments about the economy could well move the overall market.
- HJ Heinz (NYSE:HNZ) This stock has been pretty solid of late, just recently hitting some new 52 week highs. Investors have gravitated toward this stock and its consistent earnings growth. The street expects 61 cents per share.
- J Crew Group (NYSE:JCG) Given the overall retail environment JCG has held up pretty well. The company has done well staying in front of fashion changes. The street expects 47 cents.
- Marvell Technology (Nasdaq:MRVL) This tech company has simply struck out in the last few years, falling far out of favor with investors. A major turnaround will be necessary before investors get back into this name.
- Sears Holdings Corporation (Nasdaq:SHLD) Investors have begun to get impatient with Eddie Lampert and the SHLD turnaround story. There have been a lot of disappointments along the way. The street is looking for 15 cents on Thursday morning.
Friday May 30th
- Tiffany and Company (NYSE:TIF) The market is expecting 40 cents per share. Despite fears about the high-end consumer, TIF stock has done fairly well in the past couple of years.
The stock market had its worst week in months last week so it will be interesting to see what kind of action takes place in the week ahead. There has been a lot of debate regarding the weakness of the consumer and how it will affect the economy and retailers. This week we hear directly from the retailers regarding how the consumer spending patterns are looking, so the market will be all ears.
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