From a few high-end brands providing a snapshot of how the upper crust lives to the DVR pioneer checking in with quarterly results, here are some of the things that will help shape the week that lies ahead on Wall Street.
Monday — Travel to China
The market is closed Monday in observance of Memorial Day. This doesn’t mean that the rest of the international markets will also be taking a breather. In fact, folks hungry for market news on an otherwise slow news day can turn their attention to China, where Tuniu (TOUR) reports quarterly results.
Tuniu is a leading online leisure travel company. The stock has more than doubled since going public at $9 a year ago.
Tuesday — Searching for DVR Relevance
TiVo (TIVO) is one of the handful of companies reporting financial results when the stateside markets resume trading on Tuesday. The DVR pioneer’s breakthrough product may not seem as important these days. We live in an era of on-demand and streaming, making it less necessary to record one’s favorite shows. However, TiVo has been able to cash in on its patent-rich portfolio, striking licensing deals worldwide with cable providers that want to offer DVR-like services.
Wednesday — In the Lap of Luxury
A few high-end names will be reporting quarterly results Wednesday. Handbag maker Michael Kors (KORS), upscale jeweler Tiffany’s (TIF) and luxury homebuilder Toll Brothers (TOL) will all be updating the market on their latest results.
Don’t assume that all of the luxury names will be moving in lockstep. Analysts see year-over-year growth at Kors, declines at Tiffany’s, and flat results at Toll.
Thursday — Developers, Developers, Developers
This will be a busy week for Google (GOOG)(GOOGL). On Tuesday it welcomes a new CFO — Morgan Stanley’s Ruth Porat — but the real newsworthy moments will come later in the week when it welcomes developers to Google I/O on Thursday and Friday in San Francisco.
The annual conference for developers is a treasure trove of Android news. Android has become the global leader in mobile operating systems, fueled largely by Google’s decision to make it freely available as open-source.
Friday — At the Movies
The abridged trading week closes out quietly, but the same can’t be said at the local multiplex, where new movies will be premiering. “San Andreas” and “Aloha” are the two big movies opening Friday, joining an already busy slate of potential summer blockbusters. Movie theaters have struggled to grow attendance, but some pretty heavy hitters are coming out this summer.