After yesterday's market got a shot in the arm from the Consumer Confidence report, today's market will have less to absorb in the way of earnings and economic data.
National Service Industries
grab the spotlight as they report their quarterly profit results.
Cabletron, a holding company for telecommunications outfits, is expected to post fourth-quarter earnings of 5 cents a share, compared to 15 cents a year ago.
Shares of Cabletron traded down 0.3% to finish at $12.33 yesterday.
According to a 5-analyst consensus, NSI is expected to show a second-quarter profit of 38 cents a share, down 2 cents from the previous quarter. The Atlanta-based NSI is a diversified manufacturer of lighting equipment, chemical products, textiles and envelopes.
NSI closed out yesterday's trading session up 0.6% to $23.08.
Two weekly economic indicators, the
Mortgage Applications Survey and the
Consumer Comfort Index are slated for release as well. The mortgage data is often volatile but it is useful in determining personal consumption and housing forecasts. The comfort report never moves markets due to its time of release.
Also, be sure to check out the list of companies below whose lockup periods have expired.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 7 a.m.:
Mortgage Apllications Survey for the week ended March 23Refinancing index. Source:
Mortgage Bankers Association. Forecast: N/A. Previous: 2053.0.
Purchase index: Forecast: N/A. Previous: 299.8.
Treasury buyback. Source:
Bureau of the Public Debt. The Treasury announces the details of tomorrow's reverse auction.
Treasury auction. Source:
Bureau of the Public Debt. The Treasury announces the results of its monthly two-year note auction, at which $1.50 billion of securities will be sold, with bids due at 1 p.m.
Consumer Comfort Index for the week ended March 24. Source:
ABC News and
Money Magazine. Forecast: N/A. Previous: 5.
IPO Lockups Expiring
Michael Falbo, who writes a column for
ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Ben Holmes' primer on the subject. The full current lockup expiration list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out
IPO data section.
Chase H & Q
CIBC World Markets
Wilson Greatbatch Technologies
Donaldson Luftkin & Jenrette