On Tap Today: Earnings From Banks, Novellus in Spotlight

Author:
Publish date:

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 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 Report

proposed acquisition of

PaineWebber

(PWJ)

,

Citigroup

(C) - Get 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