Tomorrow's Headliners: FedEx, Oracle
Updated from 4:37 p.m. EDT
When the new session arrives Thursday, there's little question that the financial sector will again be the area of the market traders are watching most closely.
Considering this week has seen one dramatic story after another -- the bankruptcy of
(LEH)
, the acquisition of
Merrill Lynch
(MER)
and the bailout of
AIG
(AIG) - Get American International Group, Inc. Report
-- many investors are hoping to see some order emerge from the chaos.
Two names in particular that will attract plenty of interest are
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. (GS) Report
and
(MS) - Get Morgan Stanley (MS) Report
, both of which sank to 52-week lows on Wednesday as panic coursed through the financial group. Whether
Goldman
and
Morgan
can bounce back is anybody's guess, but their direction could very well factor in to the overall market's mood.
(Following the close Wednesday,
The New York Times
reported that Morgan Stanley is considering a merger with
Wachovia
(WB) - Get Weibo Corp Sponsored ADR Class A Report
or another bank and that
TheStreet Recommends
Washington Mutual
(WM) - Get Waste Management, Inc. Report
has started the process of trying to sell itself.)
As for earnings, a number of companies are scheduled to report their results in the morning. Among them are
Carnival
(CCL) - Get Carnival Corporation Report
,
ConAgra
(CAG) - Get Conagra Brands, Inc. Report
,
FedEx
(FDX) - Get FedEx Corporation Report
and
Pier 1
(PIR) - Get Pier 1 Imports, Inc. Report
.
Following the close, numbers from
Oracle
(ORCL) - Get Oracle Corporation Report
,
Palm
(PALM)
and
Cintas
(CTAS) - Get Cintas Corporation Report
are due.
The economic calendar will feature weekly initial jobless claims, leading economic indicators and the monthly index from the
Federal Reserve
Bank of Philadelphia.
This article was written by a staff member of TheStreet.com.
