On Deck Next Week: Wal-Mart Reports

• November 12, 2010, 6:11 PM ET

By Kathy Shwiff

Everett

• Dow Jones Industrial Average components Wal-Mart and Home Depot Inc. and nearly two dozen other companies in the Standard & Poor’s 500 Index will report quarterly results next week. Wal-Mart and Home Depot both report Tuesday, a day after Nordstrom Inc. and Lowe’s Cos. Target Corp. will post results Wednesday, followed by Gap Inc. and Sears Holding Corp. on Thursday.
• General Motors is expected to price its initial public offering of 365 million shares Wednesday evening. The estimated price range is $26 to $29. The IPO allows the U.S. to begin offloading the stake it acquired through last year’s rescue of the auto industry. GM will have about 1.5 billion shares outstanding afterward, and the Treasury Department’s stake will fall to as little as 41% from the current 61%.
• Measures of wholesale and consumer inflation likely rose for October, according to economists surveyed by Briefing.com. The Producer Price Index, to be released Tuesday, and Consumer Price Index, out Wednesday, are expected to rise 0.7% and 0.3%, respectively. For September, the PPI grew 0.4% and the CPI ticked up 0.1%.
• The government will report on October retail sales and September business inventories Monday and will release October industrial-production figures Tuesday. Data on October housing starts and building permits will be issued Wednesday.
• On Thursday, the nonprofit Conference Board will release its October index of leading indicators and the Philadelphia Fed will report on regional manufacturing activities.
• Among appearances by Federal Reserve officials: Richmond Fed President Jeffrey Lacker will speak Sunday; Atlanta Fed President Dennis Lockhart is on tap Tuesday; St. Louis Fed President James Bullard will speak Wednesday; Minneapolis Fed President Narayana Kocherlakota appears Thursday in Chicago; Philadelphia Fed President Charles Plosser will speak Thursday in Washington; and Chairman Ben Bernanke will speak next Friday at the 6th European Central Bank Banking Conference in Frankfurt.
• President Obama has invited Senate Minority Leader Mitch McConnell (R., Ky.) and other congressional leaders to the White House on Thursday to talk about Bush-era tax cuts and other issues. Even though Republicans chalked up big gains during the midterm elections, those new members won’t be sworn in until January, and Democrats will still control both chambers of Congress until then. Obama will need support from at least a few Senate Republicans to pass any bill related during the lame-duck session, giving McConnell a direct say on what any deal might look like, especially regarding taxes.

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On Deck Next Week: Wal-Mart Reports

• November 12, 2010, 6:11 PM ET

By Kathy Shwiff

Everett

• Dow Jones Industrial Average components Wal-Mart and Home Depot Inc. and nearly two dozen other companies in the Standard & Poor’s 500 Index will report quarterly results next week. Wal-Mart and Home Depot both report Tuesday, a day after Nordstrom Inc. and Lowe’s Cos. Target Corp. will post results Wednesday, followed by Gap Inc. and Sears Holding Corp. on Thursday.
• General Motors is expected to price its initial public offering of 365 million shares Wednesday evening. The estimated price range is $26 to $29. The IPO allows the U.S. to begin offloading the stake it acquired through last year’s rescue of the auto industry. GM will have about 1.5 billion shares outstanding afterward, and the Treasury Department’s stake will fall to as little as 41% from the current 61%.
• Measures of wholesale and consumer inflation likely rose for October, according to economists surveyed by Briefing.com. The Producer Price Index, to be released Tuesday, and Consumer Price Index, out Wednesday, are expected to rise 0.7% and 0.3%, respectively. For September, the PPI grew 0.4% and the CPI ticked up 0.1%.
• The government will report on October retail sales and September business inventories Monday and will release October industrial-production figures Tuesday. Data on October housing starts and building permits will be issued Wednesday.
• On Thursday, the nonprofit Conference Board will release its October index of leading indicators and the Philadelphia Fed will report on regional manufacturing activities.
• Among appearances by Federal Reserve officials: Richmond Fed President Jeffrey Lacker will speak Sunday; Atlanta Fed President Dennis Lockhart is on tap Tuesday; St. Louis Fed President James Bullard will speak Wednesday; Minneapolis Fed President Narayana Kocherlakota appears Thursday in Chicago; Philadelphia Fed President Charles Plosser will speak Thursday in Washington; and Chairman Ben Bernanke will speak next Friday at the 6th European Central Bank Banking Conference in Frankfurt.
• President Obama has invited Senate Minority Leader Mitch McConnell (R., Ky.) and other congressional leaders to the White House on Thursday to talk about Bush-era tax cuts and other issues. Even though Republicans chalked up big gains during the midterm elections, those new members won’t be sworn in until January, and Democrats will still control both chambers of Congress until then. Obama will need support from at least a few Senate Republicans to pass any bill related during the lame-duck session, giving McConnell a direct say on what any deal might look like, especially regarding taxes.

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Broadcom reports large neighbourhood, thank you global wireless

By Dave Kansas

Chipmaker Broadcom Telecom reported a solid quarter this morning, which could give the Nasdaq Composite momentum this morning.

The company reported net income in third quarter of 60 cents per share on revenues of dollars.à 1.8 billion excluding certain items, earnings were 74 cents per unit, better than 71 cents per part mobile revenue estimates and wireless has elapsed.

John Shipman, my colleague from Dow Jones quotes Baird report that said "momentum during the quarter was mainly pushed by wireless, the outcome of the trends strong smartphone."The company also said gaining traction with a client of the "key".(Apple, course.)

Broadcom shares are up 10% in trade précommercialisation.Baird, despite the strong report, supports a rating of "neutral" on the capital partage.FBR takes a more optimistic view, according to John, saying Broadcom results "demonstrated its cycles of product development and the ability to catch up with competitors more."

Broadcom has finally shown in $41 in its action to close Tuesday, the of $37.22.

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Wells Fargo Beats budget reports

By Dave Kansas

Wells Fargo continue to applaud the billionaire investor Warren Buffett.La Bank reported earnings for the third quarter, beating estimates and demonstrate strong growth as a hollow of the financial crisis.

In early trade, Wells Fargo shares are indicated slightly higher.

The San Francisco Bank reported 3.34 billion, or 60 cents per share, net income increased estimates compiled by Thomson Reuters 55 cents per share. This is a record quarter wise profit from Wells.The Bank also said revenues came in to 20.9 billion, estimates.

On the front of mortgage foreclosure Bank stated that there was no "intent to initiate the moratorium on foreclosures.Sounds confiants.Comme indicated previously, Deutsche Bank believes that Wells Fargo has the potential for success before tax of $ 5.5 billion and a total loss of $ 12 billion potential in the mortgage mess.

Continuous Bank arrangements for bad big moves in the headier days past, but the size of the provisions are moving in the right direction.Il reported ready net compromise charge $ 4.1 billion for the said trimestre.Il also available 3.45 billion for losses on receivables, including the Bank said "continues to low trend."

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