What's Ahead This Week: Will Disney Deliver on Growth Potential?
In "What's Ahead on Wall Street" for the week of May 9, a number of earnings reports will be rolling in.
Starting off the week we'll have JD.com (JD) - Get Report and Tyson Foods (TSN) - Get Report . Allergan (AGN) - Get Report , WhiteWave (WWAV) and Walt Disney (DIS) - Get Report follow on Tuesday.
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Midweek we'll hear from Macy's (M) - Get Report and Wendy's (WEN) - Get Report . Thursday is a busy day with Kohl's (KSS) - Get Report , Nordstrom (JWN) - Get Report and Shake Shack (SHAK) - Get Report all reporting. We'll end the week with J.C. Penney (JCP) - Get Report .
When Disney releases its latest earnings, Wall Street is looking for $1.40 a share on revenue of about $13.2 billion. Its parks and resorts division is expected to do well, giving the bottom line a boost.
Analysts also believe the company has excellent growth potential and that its advertising momentum is strong.
During the week we'll also have a few economic reports in focus. On Wednesday, we'll get the weekly oil inventory data, followed by jobless claims on Thursday. At the end of the week, we get U.S. retail sales and the Producer Price Index.
