Keep an eye out for todays Service ISM number and factory orders.
Monday before the Bell:
ARCO- Quarterly Earnings and Estimates (Q4E)- $.23 and Quarterly Revenue Estimates (Q4E)- $984 Million. Arco is trading in a tight 52 week range between $17.62-$29.5. In my opinion, Arco is still expensive but if they report double digit growth again and provide a positive outlook then the PE will adjust accordingly. However, with the currency related implications, Arco could potentially miss in earnings.
By Greg Zimny