This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cisco, Macy's: Tomorrow's Headliners

Stocks in this article: CSCO M

NEW YORK ( TheStreet) -- Macy's (M) and Cisco Systems (CSCO) will be in focus before and after Wednesday trading session, respectively, as both will post quarterly earnings results.

Macy's is expected to swing to a first-quarter profit of 4 cents a share from a year-ago loss of 16 cents a share, according to a poll of analysts by Thomson Reuters. Sales should come in at $5.54 billion. The stock is up roughly 30% since its last quarterly report.

Cisco, meanwhile, will report quarterly results after the close of trading Wednesday. Analysts are looking for a fiscal third-quarter profit of 39 cents a share on revenue of $10.23 billion, according to Thomson Reuters. Investors will be watching for remarks from CEO John Chambers on the economic recovery.

Also on the earnings front, Cache (CACH) and Deutsche Telekom (DT) will post earnings ahead of the opening bell Wednesday, while Whole Foods (WFMI) and DryShips (DRYS) will open their books on the recent quarter after the end of trading.

Away from earnings, investors will be watching the latest mortgage applications and rates data, due at 7 a.m. ET, as well as the March trade deficit, due at 8:30 a.m. ET. Later Wednesday, the Treasury will release the federal budget for April at 2 p.m. ET.

Elsewhere, several members of the Federal Reserve will be speaking Wednesday, including Boston Fed President Eric Rosengren, Atlanta Fed President Dennis Lockhart, and St. Louis Fed President James Bullard.

Investors will also watch a $24 billion auction of 10-year Treasury bonds, as well as a hearing on the Gulf of Mexico oil spill held by the House Energy and Commerce subcommittee.

-- Written by Robert Holmes in Boston.

Follow Robert Holmes on Twitter and become a fan of on Facebook.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs