Market News Call

Stocks to Watch in the Week Ahead

Stocks edged lower on Friday, weighed by a drop in JPMorgan (NYSE:JPM) shares, and the Dow snapped a 10-day rally. Treasuries rose and the dollar fell on an unexpected fall in consumer sentiment. Oil prices gained on strong industrial production data. Gold rose for a second straight week.

Looking ahead to next week, FedEx’s (NYSE:FDX) third-quarter results on Wednesday are expected to reflect strong air freight volumes, but higher fuel and harsh weather in the U.S. northeast could spoil the news. The No. 2 U.S. package delivery company is also expected to provide an update on restructuring actions initiated last year to save $1.7 billion.

Wall Street is betting Oracle (NASDAQ:ORCL) will deliver another strong set of numbers, judging by accelerating momentum for its “Fusion” suite of Internet-hosted software services, but the health of government and corporate IT spending remains a big question. Oracle also reports on Wednesday.

Tiffany (NYSE:TIF) posts results on Friday, when the market will see if the jeweler can break a string of earnings misses. The company has been pressured by declining demand for its lower priced jewelry and its 2013 forecast will shed light on whether it expects new pressures, like higher payroll taxes, to hit business this year. Wall Street will also be listening for clues as to whether the company’s growth in China is slowing.

Other companies expected to report during the week include Adobe Systems (NASDAQ:ADBE) on Tuesday, General Mills (NYSE:GIS) and Lennar (NYSE:LEN) on Wednesday, KB Home (NYSE:KBH) and Nike (NYSE:NKE) on Thursday, and Darden Restaurants (NYSE:DAR) on Friday.

 

 



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