Markets have been on a high recently with the technology sector
leading the way.
Twitter's incredible run up since its IPO in November will be
closely watched by investors as they wonder how much momentum the
company has left. Most analysts expect US markets to remain
positive through the end of 2013, but are cautious about a
significant retreat early in the New year.
Key Earnings Reports
Next week only one notable earnings release is expected from
Lindsay Corporation (NYSE:
Lindsay Corporation is expected to report EPS of $0.89 on
revenue of $142.20 million, compared to last year's EPS of $1.15 on
revenue of $147.37 million.
On December 23, Stifel reiterated its Hold rating on Lindsay
Corporation after Kerrisdale Capital Management published a letter
regarding its involvement in the company.
"Overall, Kerrisdale reports that it has found Lindsay
management to be responsive to its shareholder concerns and the
Lindsay Board to be proactive in seeking to maximize shareholder
value. According to its most recent letter, Kerrisdale believes
that the current Board is seriously considering ways to address
Lindsay's underutilized cash balance and continues to consider
adding shareholder-nominated representatives to the extent that it
would facilitate improved
, management oversight and shareholder value creation."
With 2013 coming to a close next week and markets shut on
Wednesday, economic data will be thin again. PMI data will steal
the show with a host of manufacturing data from around the
Earnings Releases Expected: No notable earnings expected Economic
Releases Expected: Spanish retail sales, Italian business
confidence, US pending home sales, South Korean CPI
Earnings Expected: No notable earnings expected Economic Releases
Expected: US consumer confidence, South Korean trade balance
Markets Closed For New Year's Day
Earnings Expected From: Landec Corporation (NASDAQ:
), Resources Connection, Inc. (NASDAQ:
) Economic Releases Expected: Indian manufacturing PMI, Spanish
manufacturing PMI, Hong Kong retail sales, Italian manufacturing
PMI, French manufacturing PMI, German manufacturing PMI, eurozone
manufacturing PMI, US manufacturing PMI, Canadian manufacturing
PMI, US manufacturing PMI
Earnings Expected From: Lindsay Corporation (NYSE:
) Economic Releases Expected: British mortgage lending,
British construction PMI
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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