On Tap Today: Earnings From Banks, Novellus in Spotlight
Earnings announcements resume priority standing today, as the market takes its cues from the numerous companies scheduled to report.
Today's highlights include equipment manufacturer
Novellus Systems
(NVLS)
. Thanks to positive reports from chipmakers including
Altera
(ALTR) - Get Altair Engineering Inc. Class A Report
, the
Philadelphia Stock Exchange Semiconductor Index
enjoyed a nice lift last week. If Novellus' numbers impress, those gains will likely be extended.
On the heels of
UBS'
(UBS) - Get UBS Group AG Report
proposed acquisition of
PaineWebber
(PWJ)
TheStreet Recommends
,
Citigroup
(C) - Get Citigroup Inc. Report
got a bounce last week. Today, it's one of the many financial services companies scheduled to post earnings.
Also today, investors will be watching
Handspring
(HAND)
,
Cepheid
(CPHD)
, and
ClickSoftware Technologies
(CKSW)
. Over the weekend, these technology companies came off their quiet periods.
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.
Economic Data
(
Forecasts are from
Reuters
. Times are Eastern. For a longer-term economic calendar and more, see
TSC's
Economic Databank.
)
- 8:30 a.m.:
Business inventories for May. Source:
Census Bureau. Forecast: N/A. Previous: +0.4%.
IPO Quiet Periods Expiring
TheStreet.com's
Ben Holmes, who heads
TSC's
ipoPros.com subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet-period expirations list is published separately.
Quiet Period End | Deal Name | Symbol | Lead Underwriter |
7/16/00 | Cepheid | (CPHD:Nasdaq) | UBS Warburg |
7/16/00 | ClickSoftware Technologies | (CKSW:Nasdaq) | UBS Warburg |
7/15/00 | Handspring | (HAND:Nasdaq) | Credit Suisse First Boston |