On Tap Today: Yahoo!'s Report Holds Key to Net Sector's Health - TheStreet

Off to the races!

Third-quarter earnings season begins in earnest today, with tech companies

Biogen

(BGEN)

,

Motorola

(MOT)

, and

Yahoo!

(YHOO)

among those reporting results.

No doubt Yahoo! -- an Internet bellwether -- will attract a ton of investor attention today. Back in August,

Lehman Brothers

analyst Holly Becker said that it was only a matter of time before the slowdown in dot-com spending would affect Yahoo!'s results. A follow-up article in

The Wall Street Journal

echoed Becker's worries that the tech stock would suffer from a slowdown in online advertising.

Yesterday, Yahoo! traded as low as $75.50 -- a 52-week low -- before recovering to gain $4.50, or 5.5%, to $85.75.

TheStreet.com

previewed Yahoo!'s earnings report in a

story yesterday.

On the economic front, two weekly retail reports, the

BTM Weekly U.S. Retail Chain Store Sales Index and the

Redbook Retail Average, give Wall Street a heads-up on 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. 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.

)

  • 9 a.m.: BTM Weekly U.S. Retail Chain Store Sales Index for the week ended Saturday. Source: Bank of Tokyo-Mitsubishi. Forecast: N/A. Previous: +0.1%.
  • 10:30 a.m.: Redbook Retail Average for the month through Saturday. Source: LJR Redbook. Forecast: N/A. Previous: +0.9%.