Heads up: Is the nation's hard-hit real-estate market starting to turn around? We may find out this week: On Thursday, the National Association...
Heads up: Is the nation’s hard-hit real-estate market starting to turn around? We may find out this week: On Thursday, the National Association of Realtors reports on existing-home sales for June; and on Friday, the Commerce Department releases new-home sales data for June. Other major economic reports out this week include the Federal Reserve’s Beige Book on Wednesday.
Tuesday: Struggling lender Washington Mutual will report second-quarter earnings, providing new insight into how the mortgage crisis has damaged the nation’s largest thrift. Analysts, on average, predict a $1.2 billion quarterly loss, or 92 cents a share, according to Bloomberg News. A 2 p.m. conference call will be webcast at wamu.com/ir.
Wednesday: Boeing will discuss its second-quarter earnings in a 7:30 a.m. conference call webcast at www.boeing.com. The company has said it will take a pre-tax charge of $250 million, about 22 cents a share, for delays on its Airborne Early Warning & Control program…. Amazon.com releases its second-quarter financial results. A 2 p.m. conference call will be webcast at www.amazon.com/ir.
Thursday: Microsoft executives will lay out the company’s strategy at the annual Financial Analyst Meeting in Redmond.
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