There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
The first trading day of the week kicks off with Cellcom Israel Ltd. (NYSE:CEL) reporting quarterly results. The Israeli cellular provider with nearly 3.2 million subscribers shot down rumors last month that it was an acquisition target, and it also issued preliminary results that were less than inspiring. We'll see if it addresses the buyout chatter during the call.
Ron Johnson is gone, but J.C. Penney Company, Inc. (NYSE:JCP) is still in the doghouse. The troubled department-store chain has seen its sales drop dramatically since Johnson's failed concept makeover kicked in early last year. Johnson was dismissed as CEO earlier this year, but the retailer still needs to woo back shoppers.
J.C. Penney Company, Inc. (NYSE:JCP) reports on Tuesday morning, and no it's no surprise that analysts see a large quarterly deficit on lower sales.
The housing rebound continues. We learned on Friday that housing starts rose 5.9% in July to a seasonally adjusted annual rate of 896,000 homes. It's against this backdrop that Toll Brothers Inc (NYSE:TOL) will report quarterly results on Wednesday.
Unlike many of the other publicly traded homebuilders, Toll Brothers Inc (NYSE:TOL) specializes in luxury homes. The average price of its homes clocked in at $577,000 in its latest quarter. Investors will want to tune in to see how its order backlog is coming along, and if buyers are getting cold feet in this environment.
Aruba Networks, Inc. (NASDAQ:ARUN) reports on Thursday. The provider of network access solutions for the mobile enterprise saw its stock plunge 26% in a single day three months ago, when it posted weak quarterly results. Are investors gluttons for punishment? The stock has gone on to make all of that loss back -- and then some.
Wall Street's more conservative in approaching Aruba Networks, Inc. (NASDAQ:ARUN) these days. The pros see it posting a sharp decline in profitability on a mere 7% top-line uptick. If Aruba Networks, Inc. (NASDAQ:ARUN) burns investors again, it would be a surprise to see the stock rebound again in three months.
Ann Inc (NYSE:ANN) suits up on Friday morning for its financial results, as one of many retailers posting this week.
It doesn't help that many of the leading retailers that posted this past week came in with weak sales. Consumers aren't spending as freely as the improving economy would seem to suggest. Ann Inc (NYSE:ANN), as the parent company of Ann Taylor and Loft, is expected to post revenue and earnings growth in the mid-single digits.
It's hard to get excited about Ann Inc (NYSE:ANN) when so many other retailers have been showing up all raggedy.
The article The Fool Looks Ahead originally appeared on Fool.com and is written by Rick Munarriz.
Longtime Fool contributor Rick Munarriz and The Motley Fool have no position in any of the stocks mentioned.
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