Next Week on the Street
Walgreens reports earnings – March 24th
What a difference a day makes. Leap year is going to be particularly good to Walgreens (WAG: chart, web, Y!).
On Monday the drugstore chain reports second-quarter earnings, and those numbers garner help from one extra day’s worth of business in February. Same-store sales rose 8.3% in February, and analysts expect that February 29th sales will push the EPS up to 67 cents.
Oracle Insight – March 26th
Oracle (ORCL: chart, web, Y!) is scheduled to report fiscal third quarter earnings after the market closes on the 26th. Normally I don’t follow Oracle, but since their quarter ends a full month before the rest of the major tech companies, their numbers will give a sneak peak on how hard the economy is pounding the tech sector.
GDP Growth Numbers for Q407 – March 27th
The final fourth quarter, 2007 growth report is expected to show 0.7% economic growth, up from the 0.6% as expected in the preliminary GDP report. Economists are expecting export numbers to be revised to the upside due to the dwindling dollar.
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