NEW YORK (TheStreet) -- It's a trading shortened week in the U.S. thanks to Monday's Memorial Day holiday but it will be filled with key earnings reports and economic data.
The notable companies releasing their latest quarterly financial results include AutoZone (AZO), Workday (WDAY), Michael Kors (KORS), Tiffany (TIF) , Toll Brothers (TOL), DSW (DSW), Costco (COST), Palo Alto Networks (PANW), Abercrombie & Fitch (ANF), Ulta Salon Cosmetics & Fragrance (ULTA) and GameStop (GME).
Workday, the enterprise cloud app provider, is scheduled to report its first-quarter earnings results after the closing bell Tuesday afternoon. Analysts are expecting the company to narrow its loss and report a more than 50% growth in sales compared to the same quarter of last year ago. Wall Street analysts are projecting a loss of 8 cents per share on revenue of $245 million for the company's first quarter.
TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio, says Workday is a very expensive stock that's doing pretty well. He says everyone should keep an eye on Workday's latest financial results.
On the economic calendar, we get the Standard & Poor's Case-Shiller home price index, along with new home sales on Tuesday. Then on Thursday is the Energy Information Administration's petroleum status report, released every week. On Friday, the preliminary first quarter GDP is expected to be released.