This may be a shortened week for U.S. investors, but there are many stocks with many events to watch this week. There are a couple earnings to watch, we have positive news flow from publications hitting companies, and we have a substantial amount of ongoing M&A and proxy names.
On the earnings front, there is CIENA Corp. (NASDAQ: CIEN) on Wednesday (-$0.33 EPS and $387.04 million in revenues) and Lululemon Athletica Inc. (NASDAQ: LULU) on Friday ($0.24 EPS and $145.66 million in revenues). Barron‘s gave a positive boost for Noble Corp. (NYSE: NE) and defense stock Raytheon Co. (NYSE: RTN); and Investors Business Daily gave Netflix, Inc. (NASDAQ: NFLX) the #1 pole position again in the IBD100 chart rankings this weekend.
In M&A, proxy fights, and ‘possible’ M&A, there are several key situations for investors to watch this week. These boil down to Barnes & Noble, Inc. (NYSE: BKS), Genzyme Corporation (NASDAQ: GENZ), First Niagara Financial Group Inc. (NASDAQ: FNFG) versus New Alliance Bancshares Inc. (NYSE: NAL), potentially in Saks Incorporated (NYSE: SKS), and finally there is L-1 Identity Solutions, Inc. (NYSE: ID).
You can read the full detailed outlook in The Unusual Suspects from 247wallst.com with more detailed previews and analysis on more companies to watch this week.
Here is a brief economic Calendar for this coming week:
- Wed. Sept 8 at 10:30 AM Weekly DOE Crude Oil Inventories
- Wed. Sept 8 at 2:00 PM Fed’s Beige Book (Sept.)
- Wed. Sept 8 at 3:00 PM Consumer Credit (July)
- Thu. Sept 9 at 8:30 AM Weekly Jobless Claims & Continuing Claims
- Thu. Sept 9 at 8:30 AM Trade Balance-deficit (July)
- Fri. Sept 10 at 10:00 AM Wholesale Inventories (July)
We hope you enjoyed your Labor Day!
As of this writing, Jon Ogg did not own a position in any of the stocks named here.
