Data, Earnings to Watch: Quick Take

NEW YORK ( TheStreet) -- TheStreet's Brittany Umar, Jill Malandrino and Andrew Krill highlight some of the big announcements for this week ahead, with Umar noting that, "it's a big week of earnings for retail and food and beverage stocks."

Wednesday will be a mixed bagged, with Jack In The Box ( JACK), Cisco ( CSCO) , Deere ( DE) and Macy's ( M) expected to report earnings. Macy's investors are looking for the company to shed some light on the ongoing litigation with Martha Stewart and J.C. Penney ( JCP).

Krill will be watching Cisco and expects the company to report in-line results, with pressures on enterprise spending due to the sequester. Japanese first-quarter GDP will also be released, with a 70-basis-point increase expected.

Thursday features more retail companies, with J.C. Penney, Kohls ( KSS), Nordstrom ( NDSN) and Walmart ( WMT) all set to report earnings. J.C. Penney investors will be focused on the turnaround story and what Mike Ullman, the new CEO, has to say with same-store sales falling 16% in a company pre-announcement.

Thursday also features Core CPI and CPI numbers from both the U.S. and Europe. U.S. housing starts will again be in focus as investors will look to see if April's momentum, which logged over 1 million starts, has carried over to May.

-- Written by Bret Kenwell in New York.
Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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