On Thursday, June 4 we keep an eye on six companies that are scheduled to report their quarterly financial results as well as a couple of economic data to watch on Wall Street. The notable earnings for the day include jam company J.M. Smucker Co (SJM), arts and crafts specialty retailer Michaels Companies Inc (MIK), mining equipment maker Joy Global Inc (JOY), secure electronic payment solutions company VeriFone Systems Inc (PAY), multi-channel specialty retailer of action sports Zumiez Inc (ZUMZ) and fashion apparel company Vince Holding Corp (VNCE). VeriFone Systems, the maker of point-of-sale cash register systems, is scheduled to release its second-quarter earnings results after the market closes Thursday. Wall Street analysts are expecting VeriFone to post a profit of 42 cents per share on revenue of $489 million for the period. TheStreet’s Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says he's watching this earnings report. The company announced its partnership with Visa (V) on Wednesday to create a more streamlined omni-channel commerce experience for its customers. On the economic calendar, we note the weekly jobless claims, productivity and costs, as well as the Fed balance sheet. Weekly jobless claims, are new unemployment claims that show the number of individuals who filed for unemployment insurance for the first time. Productivity measures the growth of labor efficiency, and unit labor costs reflect the labor costs of producing each unit of output. Both figures are indicators of future inflationary trends. The Fed's balance sheet is a report showing factors supplying reserves into the banking system as well as factors using reserve funds. TheStreet's Kurumi Fukushima reports in New York.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.