video Business

U.S. Day Ahead: Retail earnings could calm market jitters

Wednesday, November 14, 2012 - 02:24

Nov 14 - Markets will be watching for any positive news from key retail earnings including their projections for the holidays. Thomson Reuters Jharonne Martis says it could be a bonanza for the big stores.

▲ Hide Transcript

▶ View Transcript

Fiscal -- European debt crisis and conflict in the middle least getting you down one it's time for some retail therapy. After Wednesday's stock market -- investors will be watching for any positive news from Q retailer earnings on Thursday. The big winners are -- to -- Wal-Mart GAAP and easier. They're expected to see better number than a year ago although spears is still post a loss. On it and target and GameStop could see her bottom line streak. But there will be less about dollars and cents and more on what they see about the upcoming holiday season. Analysts. Are bullish and the Thomson Reuters same store sales and that's. Is expected to rise 3.3 percent for the month of November in the discounters are expected to be on top followed by the apparel stores. And to retailers are expected to benefit from Black Friday are gaps and holes we did poorly last year. An -- expected 582%. Gain in same store sales this November and. Investors will also be hanging on our -- words from fed chair Ben Bernanke when he speaks about housing in the afternoon. The latest round of stimulus targeted real estate buying up forty billion dollars of mortgage debt each month. Updates on whether that program will be expanded. Also keep an eye on any comments about this -- quit but forty election rain heat was urging the White House and congress. To act swiftly to resolve the issue. Intel's CEO Michael Dell reboot his business when the company reports results after the close. The once dominant PC maker is being hounded by the popularity of tablet Dell has already that its third quarter revenue could be down about 5% from the last quarter. And -- also wanna know Michael Dell still believe the windows eight could spark PC sales. Market is -- BS now is down about 35% since the start of the year. Expect to see a manufacturing sector that still struggling when the latest Philly Fed index comes out in the morning. Our experts at IF RC the index should ticked down to war in November. Well its recent peak of 39 in March 2011 and given the weakness in durable goods orders so far this year don't expect heavy industry to make -- come back. And times. Make -- stay with and -- British TV for more on the big market movers and -- mom this has for years.