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CABLE CONFAB

May 18

The National Cable & Telecommunications Assn., the leading industry organization, holds its annual conference in New Orleans through May 20.

HOME IMPROVEMENT

May 19

The housing slump is hammering sales at the big home-improvement retailers. Lowe's (LOW) is expected to report first-quarter earnings per share of 40 cents, a 16% drop from a year ago. At Home Depot (HD), which reports a day later, earnings per share could drop as much as 30% year over year, to 37 cents.

CAMPBELL EARNINGS

May 19

Campbell Soup's (CPB) fiscal third-quarter results are expected to be flat. Earnings per share should drop a penny from the same quarter a year ago, to 44 cents.

TARGET (TGT)

May 20, 10:30 a.m. EDT

Target shoppers are stocking up on groceries but skipping bigger-ticket items. Analysts are predicting the retailer's earnings per share fell to 71 cents in the first quarter, a 5% drop from the same quarter a year ago.

MEDTRONIC (MDT)

May 20, 8 a.m. EDT

The world's largest manufacturer of pace-makers, stents, and other implantable medical devices is pretty much immune from the economy's troubles. First-quarter earnings per share are expected to climb 9%, to 72 cents.

FED MINUTES

May 21

Minutes from the Fed's Apr. 29-30 meeting may shed some light on whether America's monetary policy chiefs are ready to hit the pause button on rate cuts.

HOT SEAT FOR BIG OIL

May 21

The Senate Judiciary Committee will grill executives from the oil industry on why gasoline prices are skyrocketing.

THE GAP (GPS)

May 22

Despite a slip in sales in April as consumers hunted for bargains, Gap's first-quarter earnings are likely to stay in positive territory. Earnings per share are expected to be up 12% year over year, to 28 cents.

BRITISH RETAIL

May 22, 4:30 a.m. EDT

British retailers logged a 4.6% increase in sales in March, compared with the same month last year. But analysts expect retail sales growth sagged in April as tight credit and worries about the health of the British economy took their toll on consumers.

WINNING GAMES

May 22, 11 a.m. EDT

New stores, along with demand for a string of hot game releases—including the smash hit Grand Theft Auto IV—have GameStop's (GME) profits growing. First-quarter earnings per share are expected to jump 89% from the same quarter a year ago, to 34 cents.

BRITISH GDP

May 23, 4:30 a.m. EDT

First-quarter GDP is expected to remain unrevised, at 2.5% year over year. Economists see growth for the year as a whole dipping to 1.8%, from 3% in 2007.

DILLARD'S (DDS)

May 22, 11 a.m. EDT

Hit by tightened consumer spending in the fiscal first quarter of 2009, the department store is expected to post earnings per share of 22 cents, a 56% drop year over year.


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