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What to Watch This Week: Retailers Report; Disney's Day

Let's go over some of the items that will help shape the Wall Street week that lies ahead: A host of retailers are reporting earnings; we'll see how Disney's 24 Leap Day event plays out; a test for homemade soda; and a wake-up call for DreamWorks.

What to Watch This Week: New Tablets, Old Retailers

There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.

Lowe's to Close 20 Stores, Cut 1,950 Jobs

Home-improvement retailer Lowe's says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations. Ten locations were closed Sunday; the other 10 will close in a month.

January Sales Strong Despite Storms

Major retailers are reporting surprisingly solid January revenue gains despite snowstorms that many feared would chill spending.

The reports offer...

Lowe's Earnings Rise 2.7%

Lowe's Cos. says its first-quarter net income rose 2.7 percent as people spent more money on home-improvement projects and bought more big ticket items.

Daily Blogwatch: Is the Future of TV...TV?

Among Wednesday's best stories for investors are: why does Yahoo CEO fire people in the mornings and what's ahead for Dendreon after FDA approval of its cancer drug?

The following is a round-up of news likely to affect stock prices today:

Alcoa (AA) reported a narrower net loss of $201 million, or 20 cents a...

Lowe's Profit Jumps 27% on Cost Cuts

Lowe's Cos. says costs cuts and a modest sales gain helped its fourth-quarter profit rise 27 percent. The No. 2 home-improvement company also says it expects sales to rise as the housing market recovers. But its first-quarter earnings outlook fell short of analyst expectations.

Blogger's Dumb Luck Stock Index Ranks in Top 1%

The index that DailyFinance's Daniel Solin created based on stocks that started with the letters in his last name would have ranked among the top 1% of mutual funds, if it existed. The message: Don't trust investing pros who confuse skill with luck. Index mutual funds are still your best bet.

Can New Index Beat a Chimp's Stock Picks?

Lusha the Russian chimp's stock picks have outperformed 94% of the country's investment funds. Inspired by Lusha, DailyFinance' Daniel Solin has created a benchmark stock index based on the letters of his last name. We'll track it over time to see if it beats expert brokers and fund managers.