In 'What to Watch on Wall Street' for Thursday January 7, earnings season is picking up again so we'll hear from a number of companies. Out of all of them, the important ones though are Walgreens Boots Alliance (WBA), Constellation Brands (STZ), Finish Line (FINL), and KB Home (KBH) all reporting before the opening bell. Then in the afternoon, we'll hear from Bed Bath & Beyond (BBBY). When the Finish Line reports its latest third quarter results, analysts are calling for a loss of $0.04 a share on revenue of over 400 million dollars. Both the top and bottom line are estimated to decline from a year ago. During the same quarter the year prior, the company reported a loss of $0.02 a share on revenue of $395.83 million. TheStreet's U-Jin Lee reports from Wall Street.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
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.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.