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By William Trent, CFA of Stock Market Beat
The Economic Calendar is fairly light, though two important reports book-end the week:
- On Monday is the ISM Manufacturing Index (Consensus 51.5). We’ll take the under.
- And on Friday comes the March employment report. Consensus is for an addition of 135,000 jobs on the nearly meaningless headline number. Keep an eye out for our more meaningful (we hope) analysis.
The earnings calendar, which really starts to heat up next week, nonetheless offers three important reads into consumer/tech spending on Wednesday:
- Best Buy (BBY) is expected to earn $1.52 on $12.7 billion of revenue for the quarter. Next quarter’s consensus is for $0.54 and $8 billion in sales.
- Circuit City (CC) is expected to earn $0.63 on $4 billion in sales and guide toward a loss of $0.02 on $2.7 billion.
- Micron Technology (MU – Annual Report) is expected to earn a penny on $1.5 billion in revenue, and guide to essentially the same.
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