Will November be a time to give thanks? Â
Beyond the gobble-gobble, the market has certainly given
bullish investors a reason to be grateful with the monstrous
rally that began in March.
However, news moves the financial markets, and this month
will provide plenty of defining close-ups of Mr. Market. Here
are a few of the days that I plan to approach with eyes wide
open.
November 5
After months of scorching gains, it is time for
Sirius XM Radio (Nasdaq: SIRI) to torch the
skeptics with its third-quarter report. The satellite-radio
provider has taken major steps toward profitability since
completing last year's merger. Unfortunately, it has also
suffered back-to-back quarters of sequential net subscriber
declines.
Did Sirius XM's user base peak last year? A soft economy,
horrendous auto market, and rollout of new fees and rate
hikes have dealt the broadcaster some serious headwinds. New
gadgets, smartphone apps, and this summer's Cash for Clunkers
program should help.
I expect
a small declinein net subscribers, though my fellow Fools
are all over the map with their expectations.
The bottom line is that Sirius XM needs to show either
marked cash-flow improvement or a turnaround in its net
subscriber defections. It only needs to hit on one of those
two goals. If it nails -- or fumbles --
both, you can expect some wild price swings later
this week.Â
November 10
Don't be surprised if diehard gamers call in sick to
work or don't show up at school next Tuesday.
Activision Blizzard 's (Nasdaq: ATVI)
Call of Duty: Modern Warfare 2hits stores on the
10th.
A lot is riding on the game. It is one of Activision
Blizzard's biggest franchises, and the stakes are even higher
after September's
disappointing releaseof
Guitar Hero 5. If the plastic guitar genre is
fading, Activision Blizzard is going to need the latest
installment in its
Call of Dutywar games to win more than just the
battle.
November 12
Retailers will begin posting results for the
back-to-school quarter.
Kohl's (NYSE: KSS) and
Wal-Mart (NYSE: WMT) are the two chains worth
watching on Nov. 12. They are two of the recession's winners.
Wal-Mart's economies of scale make it practically untouchable
when it comes to pricing, while Kohl's has won over
penny-pinching apparel shoppers seeking out a little more
fashion sense than they'll find at Wal-Mart.
Both companies are expected to post modest bottom-line
improvement for the quarter. If they both miss, it will send
ripples through the retailer stocks, unless consumers are
somehow feeling confident enough to trade back up to pricier
chains.Â
November 17
China's leading online gaming company --
NetEase.com (Nasdaq: NTES) -- will have a lot
of questions to answer in its quarterly conference call,
which is expected on the evening of Nov. 17, U.S. time. Continued... |