Feb. 25, 9 a.m. EST - The housing downturn is hammering home improvement chains. Lowe's (LOW) is expected to post smaller fourth-quarter earnings. On Feb. 26, Home Depot (HD) is likely to say it had a rough final quarter in 2007.
Feb. 25, 10 a.m. EST - Starting with a probable slip in January existing home sales, a series of reports is likely to show that housing hasn't hit bottom. Updates from two home-price indexes are out on Feb. 26, and new-home sales data are due Feb. 27.
Feb. 25, 4 p.m. EST - Shoppers aren't spending as much at the high-end retailer (JWN). Analysts are forecasting a flat fourth quarter for year-over-year profit growth, and January same-store sales fell vs. a year ago. Rival Macy's (M), which posts fourth-quarter figures on Feb. 26, also saw January sales dip.
Feb. 26, 4 a.m. EST - Analysts will check the pulse of Europe's largest economy. The Ifo Institute releases its February business conditions index, which has been drifting lower since last April. Figures on January unemployment and retail sales are due Feb. 28.
Feb. 26, 8:30 a.m. EST - The media company (CBS) declares fourth-quarter results. Despite signs of a weaker U.S. economy, CEO Les Moonves expects 2008 to be a decent year as its TV and radio stations pull in plenty of political advertising dollars.
Feb. 26, 8:30 a.m. EST - The food company (HNZ) reports fiscal third-quarter results. A weaker dollar and strong volume growth are helping to offset higher costs.
INDIA COOLS DOWN
Feb. 28, 12:30 a.m. EST - India's economy is headed into what many economists believe is a short-term slowdown. Fourth-quarter economic growth probably eased, with a rising currency hurting exports.
Feb. 28, 1 a.m. EST - The French insurer (AXA) issues 2007 fiscal-year results. The company has already stated that revenues for the year climbed 20%.
Feb. 28, 6 a.m. EST - The German drugmaker states full-year results in the midst of a PR crisis. Bayer (BAYRY) recently warned that its antibiotic Avelox could cause fatal liver damage, and a U.S. doctor claims the company's Trasylol, an antibleeding drug used in heart surgery, played a role in the deaths of thousands before a November recall.
Feb. 28, 8 a.m. EST - The mobile-phone operator (S) is likely to report a decline in fourth-quarter profits after already saying it lost thousands of subscribers during the period. Activist investor Ralph Whitworth recently took a seat on its board after losing faith in former CEO Gary Forsee and many calls for Sprint to clean up its act.
Feb. 28, 8 a.m. EST - Analysts will pore over full-year fiscal 2007 results for InBev, brewer of Stella Artois and Beck's. Reports continue to swirl about a possible merger with its larger competitor Anheuser-Busch (BUD).
Feb. 28, 5 p.m. EST - The computer maker (DELL) saw healthy growth in PC purchases, but fourth-quarter earnings probably posted only a small increase. This would follow a negative earnings surprise in the third-quarter.
Feb. 29, 8:30 a.m. EST - Consumers haven't totally stopped going to the mall. January figures on personal spending are expected to show a modest increase.