On Tap Today: Fed Ex, Micron Will Be Reporting Earnings

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Overnight delivery giant

FedEx

(FDX) - Get Report

announces its earnings today. The results come on the heels of a profit

warning issued by the company just days ago. Last Thursday, FedEx warned that it would not meet projected earnings for 2001. (FedEx also takes center stage on Jan. 3, 2001, when it will sponsor the

FedEx Orange Bowl, a clash between Florida St. and Oklahoma for college football's national championship.)

Shares of FedEx traded up 0.61% to finish at $37.75 Tuesday.

Also reporting earnings today is chipmaker heavyweight

Micron Technology

(MU) - Get Report

, whose shares trading down 3.47% to finish at $34.75 at the end of yesterday's action.

On the economic front,

housing starts for November will be released before the bell this morning. The numbers are considered to be a good leading indicator of home sales, as well as overall consumer spending.

Expected Earnings Reports

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 7 a.m.: Mortgage Applications Survey for the week ended Friday. Source: Mortgage Bankers Association. Refinancing Index: Forecast: n.a.. Previous: 758.4. Purchase Index: Forecast: n.a. Previous: 344.0
  • 8:30 a.m.: Housing Starts for November. Source: Census Bureau. Forecast: 1.536M. Previous: 1.532M. Building Permits: Forecast: 1.529M Previous: 1.537M
  • 2 p.m.: Federal Budget for November FY '01. Source: Treasury Department. Forecast: -24.22B. Previous: -26.031B.
  • 2:30 p.m.:. Source: Bureau of the Public Debt. The Treasury announces the size of its next monthly two-year note auction, next Wednesday.
  • 6:30 p.m.: Consumer Comfort Index for the week ended Saturday. Source: Money Magazine and ABC News Forecast: n.a.. Previous: 25.

IPO Lockups Expiring

(TheStreet.com's

Ben Holmes, who heads

TSC's

ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Holmes' primer on the subject.. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out

TheStreet.com's

IPO data section.

)