Wal-mart reports earnings tomorrow in the wake of a report quoting one executive calling February sales were ''disastrous'' so far. We also get earnings from Hewlett-Packard and Chesapeake Energy
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And might not have been a happy start to the new year for Wal-Mart. Every -- giant will report fourth quarter earnings before the bell. The results which included in January sales come after it reported an email from a company executive who expressed disappointment in last month's numbers and another executive classified sales so far in February has quotes a total disaster. Shares fell over 2% after the internal memo was leaked last Friday the stock finished up slightly today. Higher payroll taxes this year are seen as a potential problem for Wal-Mart and other discount retailers that cater to lower income customers. With less money to burn top analyst at Thomson Reuters star -- expect Wal-Mart report sales growth of about four point 5% for the order. That's down from five point 9% growth a year ago. -- Max is scheduled to report its fourth quarter and annual financial results. Today Office Depot confirmed its one point two billion dollar deal to merge with Illinois based office supplies -- The combined entities main headquarters location and CEO are still undetermined. -- next to -- those questions during its earnings conference call at 10 PM eastern. The office supply retailers still faces big challenges as both have been hit hard by stiff competition. Office Max and Office Depot have already challenge that being stables which has revenue about 25% greater than there's. Office -- and honesty morals are going to be closing more of their source or remains to be seen exactly how well they're going to be able to keep up not just staples but also Amazon target and Wal-Mart. -- -- -- other results out tomorrow it's hot start -- analysts predicting a big earnings beat from IG as the company plans to return apple investors. And pay off its debt to test the energy expected to -- Today 82 largest US natural gas producer that is internal probe the financial dealings and outgoing chief executive Aubrey McClendon and found no intentional wrongdoing. Also out tomorrow Hormel -- reports Q1 results. -- number investors should look out for will be the gross margin figures. And pay attention to any news on how amount is coping with volatile commodity. And Hewlett-Packard. Releases its fiscal first quarter earnings and looking force CEO meg -- turn around to -- hole. So first here are turning around in 2013 HP is the best performer in the Dow last month JPMorgan raised its price target saying. -- headline news just can not get much worse. Investment research website treating and it central -- is spending fifty day moving average suggests the stock still has potential. -- -- What street will be looking for more signs on how housing sector is -- went to -- release of existing home sales data out. January felt likely drop to an annualized rate of four point 85 million but that's still strong enough to her more construction. Including gas prices likely rose forty average Americans anywhere in the CPI index which tracks consumer inflation is expected to move up a point 2%. According to IFR. And got out well likely reinforce the view that inflation isn't any where close to the Fed threshold. And that the Central Bank will have to continue boosting -- We'll catch us on Twitter at Reuters Insider and get more aren't free videos and writers dot com slash prayers TV. Make sure -- Werner insider exclusive interview with doubts and president Richard Fisher where he'll -- -- he is on when the Fed should start pulling back on its asset purchases. And what the risks are if it doesn't do it sooner. I'm pretty mom this is prayers.
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