Lululemon Athletica is scheduled to release its first quarter earnings results before the opening bell. Wall Street analysts are expecting the yoga apparel retailer to earn a profit of $.33 cents a share on sales of about $418 million dollars, according to analysts polled by Thomson Reuters.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says Lululemon's fashion is still very strong, but sees some negatives, including the exposure to the Canadian dollar.
Lululemon has surpassed Wall Street earnings estimates in the last four quarters. Canada-based Lululemon Athletica offers a range of yoga-inspired performance apparel and accessories for women, men and female youth. The company sells products including fitness pants, shorts, tops and jackets.
On the economic calendar, we note the small business optimism index by the NFIB. The index is composed of 10 seasonally adjusted components.
We also watch the Labor department's Job Openings and Labor Turnover Survey. The JOLTS report's headline number is job openings.
Following last week's jobs report, a big gain for job openings is expected for April.
Economists are predicting 5.038 million openings, more compared to 4.994 million in March.
Wholesale trade numbers, a component of business sales and inventories will also be released. Inventories have been heavy, as a result of weak sales. Inventories are expected to increase by 0.3% for the month of April.
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