TheStreet's Jim Cramer has his eye on Darden. The parent company of Olive Garden is expected to report fiscal fourth-quarter earnings of 93 cents per share on revenue of $1.87 billion. In the same quarter of last year, the company posted a profit of 84 cents per share on sales of $2.32 billion.
Cramer, co-manager of the Action Alerts PLUS Charitable Trust Portfolio, called Darden stock "one that I feel like you can buy half ahead, and then buy half after as long as gasoline stays at these prices -- which has always been a big factor for going out to dinner."
Cramer added Darden is making progress in its turnaround efforts, focusing on increasing traffic at its signature Olive Garden and revamping its look. Orlando-based Darden Restaurants is a full service restaurant company that owns and operates more than 1,500 restaurants. The company operates under restaurant brands including Olive Garden, LongHorn Steakhouse and The Capital Grille.
On the economic calendar will be key data including durable goods orders, the Redbook report, the PMI flash manufacturing index, and new home sales figures.