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
undefined
, the acquisition of
Merrill Lynch
(MER)
and the bailout of
AIG
(AIG) - Get Free 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 Free Report
and
(MS) - Get Free 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 Free Report
or another bank and that
Washington Mutual
(WM) - Get Free 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 Free Report
,
ConAgra
(CAG) - Get Free Report
,
FedEx
(FDX) - Get Free Report
and
Pier 1
(PIR) - Get Free Report
.
Following the close, numbers from
Oracle
(ORCL) - Get Free Report
,
Palm
(PALM)
and
Cintas
(CTAS) - Get Free Report
are due.
The economic calendar will feature weekly initial jobless claims, leading economic indicators and the monthly index from the
Bank of Philadelphia.
This article was written by a staff member of TheStreet.com.
