The brand new trading year begins. After a robust 2009, mutual fund managers will be happy to begin touting what should be positive results for the trailing 12 months for a change. Things should be quiet on the trading front, with only a couple of foreign companies and Ark Restaurants reporting their quarterly results.
Google (Nasdaq: GOOG) has scheduled a media event. It's being pitched as an Android gathering, but everyone knows that this is the day when Big G breaks out its Nexus One smartphone.
There have been several Android-based phones released in recent months, but this is the first one that finds Google with greater control over the device. According to Gizmodo, T-Mobile will be the carrier, but Google is front and center on this one.
Three S&P 500 companies -- Bed Bath & Beyond (Nasdaq: BBBY), Monsanto (NYSE: MON), and Family Dollar (NYSE: FDO) -- step up with their quarterly reports. There is little that a home goods retailer, an agricultural titan, and a thrifty-minded discounter have in common, but all three releases should combine to provide a decent glimpse of the economy in general.
As it stands, analysts see all but Monsanto posting year-over-year improvement on the bottom line.
It will be showtime at Apollo (Nasdaq: APOL), as the poster child for Web-based post-secondary education delivers its quarterly numbers. Wall Street expects a profit of $1.45 a share for its latest quarter, well ahead of the $1.12 a share it rang up a year ago.
Another report that bears watching is from indexing specialist MSCI (NYSE: MXB), which provides institutional investing tools. The pros also see a healthy bottom-line boost there.
The first trading week of 2010 should end quietly. One of the few stateside companies discussing their quarterly performance is Colorado-based Penford (Nasdaq: PENX). The maker of ingredient systems for food and industrial applications should post a small profit, reversing a loss during the same period a year ago.
Until next week, I remain,
© 2009 UCLICK, L.L.C.