In "What to Watch on Wall Street" for the week ahead, markets will be closed on Monday for President's Day, but the rest of the week will be filled with earnings.
On Tuesday, we'll hear from Hormel Foods (HRL) , the Cheesecake Factory (CAKE) and Fossil Group (FOSL) .
Dr. Pepper Snapple (DPS - Get Report) , T-Mobile US (TMUS - Get Report) and Jack in the Box (JACK - Get Report) will release their latest financial data during the middle of the week. Jack in the Box is a holding of Action Alerts PLUS, the charitable trust portfolio managed by TheStreet's Jim Cramer.
For many investors, Walmart will be in the spotlight. Wall Street is calling for earnings of $1.43 a share on revenue of nearly $131 billion.
Both the top and bottom line are projected to decline from a year ago.
UBS analysts are worried that food deflation could impact the company's same-store sales. Holiday sales were decent, but consumer electronic sales were disappointing. Investors will be focused on the retail giant's performance.
On the economic calendar we'll have the Empire State Manufacturing Survey and housing market index on Tuesday.
Half way through the week, we'll get U.S. housing starts, the Producer Price Index and minutes from the Federal Open Market Committee.
On Thursday we'll get jobless claims and the weekly oil inventory data.
TheStreet's U-Jin Lee reports from Wall Street.
Source:http://www.thestreet.com/story/13458257/1/what-to-watch-in-the-week-ahead-can-walmart-beat-expectations.html?kval=dontmiss
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