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Stock Market, Feb. 15: What's on Tap

Stocks in this article: DELL SIRI

NEW YORK ( TheStreet -- Tech giant Dell (DELL) reports after Tuesday's closing bell, and it'll be interesting to see how much attention Wall Street affords the company.

The average estimate of analysts polled by Thomson Reuters is for earnings of 37 cents a share in its fiscal fourth quarter ended in January on revenue of $15.71 billion. Dell, which has topped the consensus profit view for three straight quarters but seen its stock remain roughly flat for the past year, had been enjoying a refresh cycle following the release of Windows 7 in late 2009, but without that, the company has tough comps.

Dell's tablet product, the Streak is not gaining as much positive response as the Samsung Galaxy. So, it was already late to the party, trailing after the Apple (AAPL) iPad, and now it seems to have lost ground to Samsung. Analysts are mostly looking to the server and storage business for growth but with 55% of the company's revenues still coming from PCs, all eyes will be glued to the PC upgrade cycle for signs of winding down or staying strong.

Dell

Is Sirius Satellite Radio (SIRI) a $2 stock? Some analysts think so. Others? Not so much. Of the 12 analysts rating the stock, three are at strong buy, four are at buy and five say hold. The median 12-month price target is $1.65 but the high bar is $2.00, and it'll be interesting to see if it can claw its way back up there.

The company reports its numbers before Tuesday's bell and most will be watching the debt and cash flow. Sirius has $230 million in notes that it needs to retire in October, plus some XM convertibles with a $1.875 conversion rates. So, if the stock moves up from here and heads to $2.00 will those holders convert? If they do, that releases a ton of debt.

The shares have already gone up 106% over the past year, hitting a 52-week high of $1.88 during Monday's session. What can keep the numbers going up? Subscribers. Sirius already has more than 20 million. If it can keep adding customers, this once "left for dead" stock may see signs of life.

This is also a busy week in Washington for the House Financial Services Committee. On Tuesday, there will be a hearing on implications of Dodd-Frank Wall Street Reform Act. Both Securities and Exchange Commission Chairwoman Mary Shapiro and CFTC Chairman Gary Gensler will be on hand. One item to be discussed is a section of the Act that allows the FDIC to borrow money and then in turn bail out failing institutions.

The head of the CME Group (CME) is also expected to attend. The Chicago exchange will presumably be making the case for less regulation. CME Group Chairman Terry Duffy has said: "We support the goals of the Dodd-Frank Act, which reinforce the core tenets of CME Group's markets. However, the Act was not an invitation to impose unnecessary and duplicative regulatory burdens on futures exchanges and their clearing houses."

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