latest quarterly earnings report and
fiery shareholder meeting will be the top headlines of Thursday's session.
Dell will report first-quarter results
after the end of trading Thursday, with analysts expecting a profit of 23 cents a share on revenue of $12.68 billion, according to a poll conducted by Thomson Reuters. Given the weakness in the PC market, analysts will be looking for signs that the sector has hit bottom.
will report alongside Dell after Thursday's closing bell. Before that,
, among others, will release their quarterly reports in the morning.
Away from earnings reports, investors should be ready for fireworks from Target. The retailer is set to
, where the long-running battle with shareholder Bill Ackman of Pershing Square for five seats on the board will come to a head. On Tuesday, Ackman pledged to retain his stake in Target for at least five years if he's elected to the company's board.
Several other companies will be holding their own stockholder gatherings, although they're not expected to be as interesting as Target's.
will host their own shareholder meetings Thursday.
The economic calendar is busier than it has been this week, with reports on durable goods orders and new home sales, as well as the weekly report on initial jobless claims and crude inventories, scheduled for release. Durable goods orders are expected to have increased 0.5% last month after a 0.8% drop in March, while new home sales are expected to rise to 363,000 from 356,000 in March.
Crude oil inventories will also be closely watched as futures have seen sharp gains in the last few sessions. The July contract for crude oil finished Wednesday's session higher by 96 cents to $63.41 a barrel, up nearly 3% from the end of last week.
will be in the spotlight as the deadline for its bankruptcy filing quickly approaches. On Wednesday, GM said
in a restructured company in return for their $27 billion in debt, setting the stage for a potential filing in a matter of days.
The government could emerge as owner of nearly 70% of the new GM if a tentative deal between the automaker and the United Auto Workers is ratified by union members. That deal provides that the union would own up to 20% of GM, instead of the 39% proposed in the company's most recent restructuring plan.