What's Ahead Wednesday: Will Salesforce.com Blow Away Investors?

In 'Whats Ahead on Wall Street' for Wednesday Feb. 24, it's been a hectic week with a ton of retailers releasing earnings and there's more to come.
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In 'Whats Ahead on Wall Street' for Wednesday Feb. 24, it's been a hectic week with a ton of retailers releasing earnings and there's more to come. In the morning, investors will get results from Lowe's (LOW) and Target (TGT). Then in the afternoon, they'll hear from Salesforce.com (CRM) and L Brands (LB). When Salesforce.com releases its fourth quarter results, analysts are looking for a profit of $0.19 a share on revenue of under $2 billion. Both the top and bottom line are projected to grow year-over-year. Analysts are bullish ahead of earnings as they expect diverse cloud offerings and spending on digital marketing to be catalysts. On the economic calendar, investors will have MBA mortgage applications data to digest in the morning then shortly after, Richmond Fed head Jeffrey Lacker will speak in Baltimore. Later in the morning, new home sales and the weekly oil inventory data will be released. TheStreet's U-Jin Lee reports.