On Tuesday, June 9 we keep an eye on a trio of retailers that are scheduled to report their quarterly financial results as well as a few economic data to watch on Wall Street. The notable earnings for the day include Lululemon Athletica Inc (LULU), Burlington Stores Inc (BURL), and Quiksilver Inc (ZQK). Lululemon Athletica is scheduled to release its first quarter earnings results before the opening bell. Wall Street analysts are expecting the yoga apparel retailer to earn a profit of $0.33 a share on sales of about $418 million, according to analysts polled by Thomson Reuters. TheStreet’s Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says Lululemon’s fashion is still very strong, but sees some negatives including the exposure to the Canadian dollar. On the economic calendar, we note the small business optimism index by the NFIB. The index is composed of 10 seasonally adjusted components. We also watch the Labor department’s Job Openings and Labor Turnover Survey. TheStreet’s Kurumi Fukushima reports in New York.
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