This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cisco, Macy's: Tomorrow's Headliners

NEW YORK ( TheStreet) -- Macy's (M - Get Report) and Cisco Systems (CSCO - Get Report) 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 - Get Report) and Deutsche Telekom (DT) will post earnings ahead of the opening bell Wednesday, while Whole Foods (WFMI) and DryShips (DRYS - Get Report) 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 TheStreet.com on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
CACH $0.02 -19.49%
CSCO $30.19 2.30%
DRYS $0.93 -2.20%
M $63.91 0.30%
AAPL $129.09 0.49%

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

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