What's up this week for investors? Earnings, earnings and economic data.
Watch for Bed Bath & Beyond. For the latest quarter, Wall Street is looking for earnings of $1.80 a share on revenue of nearly $3.4 billion. Both the top and bottom line are expected to be higher than a year ago. Even though analysts remain bullish on Bed Bath's long-term prospects, there are concerns that margins will be pressured by coupon expense and investment in technology.
On the economic calendar the week starts with factory orders, followed by the job openings and labor turnover survey and the ISM non-manufacturing index. Midweek, we get the weekly oil inventory data along with minutes from the Fed. Last but not least, we have jobless claims coming out on Thursday.