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Quick Take: What to Watch This Week

Stocks in this article: BBRY BKS LEN MON GIS BBY CG SPF

NEW YORK ( TheStreet) -- It's a busy week on Wall Street. Here's the rundown from TheStreet's Lindsey Bell, Andrew Krill and Brittany Umar.

Tuesday will feature two big economic indicators: durable goods orders for the month of May, followed by consumer confidence for the month of June.

In addition, Barnes & Noble (BKS) will report earnings before the open, as will homebuilder Lennar (LEN) and Walgreen (WAG). Investors will be closely watching prescription fills and convenience store purchases.

On Wednesday investors will be watching for the third revision to the first-quarter GDP number. They'll also be watching Monsanto (MON), General Mills (GIS) and Bed Bath & Beyond (BBBY), which report earnings.

Thursday features ConAgra Foods (CAG) reporting earnings, as will Nike (NKE). Investors will see if the athletic apparel company can sustain the strong growth experienced over the past decade.

Friday, investors will be watching for the Chicago PMI number for the month of June, as well as a very important earnings report from BlackBerry (BBRY).

Krill added that he would be focusing on three sectors for the remainder of the year: technology, financials and utilities. Bell suggested taking a look at Standard Pacific Corp. (SPF), a homebuilder with a large exposure to California. She said she was waiting to see $8 before pulling the trigger.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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