5 Things to Watch on Wall Street This Week
From a mysterious media event at Facebook to struggling restaurant operator Darden's latest earnings report, here are 5 things that will help shape this week on Wall Street.
market watch
Wall Street Watch: Waiting for All Week for Black Friday Numbers
Investors know that it will be a week of heavy eating and light trading. The market is closed on Thanksgiving, and will close early on Friday. However, it won't be a light week for retail, so the Black Friday and Cyber Monday results will be top of mind for the market-minded.
Wall Street Watch Thursday: Hewlett-Packard Drops the Box
No one was expecting good news out of Hewlett-Packard's analyst day on Wednesday, but few imagined the leading PC maker would dramatically slash its near-term guidance. CEO Meg Whitman stunned investors, forecasting profitability to drop in the fiscal year that begins next month.
Wall Street Watch: A Tech Bellwether Sounds a Warning
Earnings season has yet to get started, but the disappointments are already trickling in. Xyratex is taking a hit after coming up short and warning of near-term weakness. As a provider of enterprise data storage systems, Xyratex is a bellwether for corporate tech spending.
Wall Street Watch: Dycom Earnings a Bad Sign for the Telecom Biz
Dycom Industries may not be a household name, but behind the scenes, it does a lot of heavy lifting for the telecommunications industry. So its unusual earnings miss Tuesday night could mean the telephone, cable and utility companies that are its customers are having troubles of their own.
Investors, Here's What Not to Buy: The Pundits' Advice
Investing is a jungle, and most of the so-called experts who get quoted in the media are on the prowl with a simple purpose -- to give you a reason to trade. But they don't know much more than you do, and all their arguments ignore a basic reality: The market is now controlled by short-term traders.