Tuesday
We'll head east -- way east -- for a few Chinese companies reporting. E-House (NYSE: EJ), NetEase.com (Nasdaq: NTES), and China Distance Education (NYSE: DL)
will shed some light on the state of real estate, online gaming, and
education. China's economy is growing at a healthier clip than most
countries', but now it's time for individual companies to prove their
worth.
Wednesday
Limited Brands (NYSE: LTD)
is one of the many retailers posting quarterly results on this day.
Investors aren't expecting much out of most mall chains. The
back-to-school season is peanuts compared with the holiday shopping
season, which makes or breaks concepts. Shareholders will disregard the
likely flattish report, moving Limited one way or another based on its
outlook for the fourth quarter.
Thursday
Intuit (Nasdaq: INTU)
reports. The accounting software company historically has two strong
quarters, but we're on the wrong end of April 15 and Dec. 31 filing
deadlines right now. It will still be an interesting report because the
company will have the opportunity to discuss its recent acquisition of Mint.com.
Friday
The trading week closes out with D.R. Horton (NYSE: DHI).
The real estate developer is expected to post a substantially narrower
deficit than it did a year ago. Sure, it's still red ink, but at least
homebuilders are starting to bottom out.
Until next week, I remain,
Rick Munarriz
© 2009 UCLICK, L.L.C.
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