10
08
2007
Market highlights for next week: Home Depot (HD), Macy’s (M) to report
Posted by: in Stocks Money NewsFiled under: Earnings reports, Conventions and conferences, Hewlett-Packard (HPQ), Home Depot (HD), Penney (J.C.) (JCP), QUALCOMM Inc (QCOM), Broadcom Corp’A’ (BRCM)
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Monday August 13
- Sysco Corporation (NYSE: SYY) to report Q4 earnings; conference call at 9:45am.
- PDUFA date for Indevus Pharmaceuticals Inc’s (NASDAQ: IDEV) Sanctura XR, an overactive bladder drug.
Tuesday August 14
- The Home Depot Inc (NYSE: HD) to report Q2 earnings; conference call at 9am. Home Depot is expected to post substantial Q2 revenue/EPS declines, but equally important will be the company’s comments: with the housing sector expected to remain sluggish through at least late 2007, analysts will evaluate whether HD can overcome that headwind with a new focus on customer service, demographic trends that suggest increased home repair/remodeling, and 20-year high homeownership rates that suggest steady house goods demand.
- District Court California: Broadcom Corporation (NASDAQ: BRCM) to request an injunction related to Qualcom Incorporated’s (Nasdaq: QCOM) infringement of 3 Broadcom cellular baseband patents.
Wednesday August 15
- Macy’s Inc (NYSE: M) to report Q2 earnings; conference call at 10:30am.
- PDUFA date for GPC Biotech’s (NASDAQ: GPCB) Satraplatin for treatment of hormone refractory prostate cancer.
Thursday August 16
- JC Penney Co Inc (NYSE: JCP) to report Q2 earnings; conference call at 9:30am.
- Hewlett Packard Company (NYSE: HPQ) to report Q3 earnings; conference call at 5pm. Analysts will evaluate HPQ’s ability to maintain momentum in its innovative imaging/printing group, which is expected to help HPQ post solid Q3 revenue gains.
Friday August 17
- Quantum Corporation (NYSE: QTM) to hold annual shareholder meeting at 12pm.
- PDUFA Date for Endo Pharmaceuticals Holdings Inc’s (NASDAQ: ENDP) and Vernalis PLC’s (OTC: VNLSY) Frova, for menstrually-related migraine headaches.
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