The Week Ahead: What to Rifle Through

 | May 05, 2013 | 8:00 PM EDT  | Comments
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I have to admit that, after the last two weeks, I'm looking forward to a bit of a breather from the deluge of corporate earnings, not to mention last week's shotgun spray of economic data.

What are two key takeaways from those 10 trading days? First, FactSet has found that 72% of companies have reported earnings above the mean estimate, but only 47% have beat on revenue. Second, when we aggregate the economic figures from last week -- and there was more than a handful -- it continues to look like the domestic economy is on track to grow between 2% and 2.5% this year. The bright spots in that growth profile remain housing and automotive. 

Turning to this week, the economic data is set to slow considerably on the domestic front, but we will get a number of readings on purchasing managers indices as they pertain to China and the eurozone -- not to mention some global figures from J.P. Morgan. While Monday will likely be filled with talk following the weekend's Berkshire Hathaway shareholder meeting (which prominently featured Real Money's own Doug Kass), it looks like the trading week will be fueled primarily by corporate earnings.

While I was sifting through all the companies set to publish their results this week, I noticed several obvious groupings. Entertainment stocks will be out in force this week, with results due out from Walt Disney (DIS), Cinemark Holdings (CNK) and Carmike Cinemas (CKEC). Following the strong weekend debut of Iron Man 3 -- not everyone was at the Berkshire meeting -- these reports should offer some insight into the summer movie calendar. Not only that, but they should help reveal the mood of the consumer, showing us whether folks are willing to splurge on the 3-D and IMAX (IMAX) premium movie formats.

We've also got a number of datacenter-related companies on tap this week, from DuPont Fabros (DFT) and CenturyTel (CTL) to Rackspace (RAX) and Limelight Networks (LLNW). I've long said the shift toward smartphones, tablets and social media makes this category an inelastic one. However, several guilty-pleasure names are also due to report over the next five days: Molson Coors Brewing (TAP), Green Mountain Coffee (GMCR), Tim Horton's (THI), Mondelez (MDLZ) and Wendy's (WEN).

While that "guilty pleasure" group may not rank among everyone's personal favorites, investors concerned with the rising obesity level and aging of the population will want to tune in to Hologic (HOLX), Henry Schein (HSIC), Web MD (WBMD), Vitamin Shoppe (VSI), Medifast (MED) and Nautilus (NLUS), all scheduled to report this week. Two related names -- McKesson (MCK) and Allscripts (MDRX) -- are poised to benefit from the pending compliance with e-medical records. These two are likewise set to issue their numbers this week. 

One last category worth mentioning is fertilizer stocks. In the last few weeks, farm-related companies have reported strong earnings, and we'll see whether that was truly widespread when we hear from Agrium (AGU) and CF Industries (CFI). 

Categories aside, Real Money subscribers will want to keep tabs on two high-fliers in particular over the next few days. The first one is commercial digital imager company Shutterstock (SSTK) -- the shares are up 70% year to date -- and the other is Priceline.com (PCLN). While Priceline shares are up just over 16% so far this year, they are have risen more than nine-fold since 2009. 

Here's a more comprehensive look at what you can expect in the week ahead.

 

__________________

Economic Calendar

Monday, May 6

  • HSBC China Service Purchasing Managers Index
  • Markit Eurozone Services PMI
  • Markit Eurozone Composite PMI

____

Tuesday, May 7 

  • J.P. Morgan Global Services PMI
  • J.P. Morgan Global Composite PMI
  • Consumer Credit (March)

____

Wednesday, May 8

  • HSBC Emerging Markets Index
  • Mortgage Bankers Association Mortgage Index (Weekly)

____

Thursday, May 9 

  • Initial and Continuing Jobless Claims (Weekly)
  • Wholesale Inventories (March)

____

Friday, May 10  

  • Treasury Budget (April)

 

___________________

Corporate Earnings

Monday, May 6

  • Carmike Cinemas (CKEC)
  • First Solar (FSLR)
  • Hologic (HOLX)
  • Nautilus, Inc. (NLS)
  • PetMed Express (PETS)
  • Planar Systems (PLNR)
  • Scotts Miracle-Gro Company (SMG)
  • Sysco Corp. (SYY)
  • Tesco Corp. (TESO)
  • Tyson Foods (TSN)

____

Tuesday, May 7 

  • Anadarko Petroleum (APC)
  • Blount International (BLT)
  • CA,  Inc. (CA)
  • Charter Communications (CHTR)
  • Check Point Systems (CKP)
  • Cinemark Holdings (CNK)
  • DuPont Fabros Technology (DFT)
  • The Walt Disney Company (DIS)
  • DirecTV (DTV)
  • Emerson Electric (EMR)
  • Fossil, Inc. (FOSL)
  • Henry Schein (HSIC)
  • International Flavors & Fragrances (IFF)
  • Live Nation (LYV)
  • McKesson Corp. (MCK)
  • Mondelez International (MDLZ)
  • MTR Gaming (MNTG)
  • OfficeMax (OMX)
  • Plantronics (PLT)
  • U.S. Auto Parts Network (PRTS)
  • Rubicon Technology (RBCN)
  • Regis Corp. (RGS)
  • Steve Madden (SHOO)
  • Symantec Corp. (SYMC)
  • Molson Coors Brewing (TAP)
  • ValueClick (VCLK)
  • Vitamin Shoppe (VSI)
  • WebMD Health (WBMD)
  • Whole Foods Market (WFM)
  • Zillow (Z)

____

Wednesday, May 8

  • Agrium (AGU)
  • AOL Inc. (AOL)
  • American Water Works (AWK)
  • CenturyTel Inc. (CTL)
  • Cedar Fair, LP (FUN)
  • Green Mountain Coffee (GMCR)
  • Groupon (GRPN)
  • Intercontinental Hotels Group (IHG)
  • Medifast Inc. (MED)
  • Maidenform Brands (MFB)
  • Monster Worldwide (MNST)
  • Marathon Oil (MRO)
  • News Corp. (NWS)
  • Pozen (POZN)
  • Papa John's International (PZZA)
  • Rackspace Hosting (RAX)
  • Rosetta Stone (RST)
  • SodaStream International (SODA)
  • Spreadtrum Technologies (SPRD)
  • Shutterstock Inc. (SSTK)
  • Stanley, Inc. (SXE)
  • Tim Hortons Inc. (THI)
  • Tesla Motors (TSLA)
  • Tumi Holdings (TUMI)
  • Wendy's International (WEN)

____

Thursday, May 9 

  • AES Corp. (AES)
  • AMC Networks (AMCX)
  • Sotheby's Holdings (BID)
  • CF Industries (CF)
  • Dean Foods (DF)
  • Granite Construction (GVA)
  • Harsco Corp. (HSC)
  • Inter Parfums (IPAR)
  • Limelight Networks (LLNW)
  • Molycorp Inc. (MCP)
  • Allscripts (MDRX)
  • Orbit International (ORBT)
  • Universal Display Corp. (PANL)
  • Priceline.com (PCLN)
  • Precision Castparts (PCP)
  • ParkerVision (PRKR)
  • Transocean (RIG)
  • Sapient Corp. (SAPE)
  • Sony Corp. (SNE)
  • Visteon Corp. (VC)
  • MEMC Electronic Materials (WFR)

____

Friday, May 10  

  • American States Water (AWR)
  • Beacon Roofing Supply (BECN)
  • Main Street Capital (MAIN)
  • Public Storage (PSA)
  • True Religion Apparel (TRLG)
  • USA Mobility (USMO)

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