Five Stocks to Watch
Jon Hilsenrath, money and investing news editor at The Wall Street Journal, offered CNBC his weekly "Five for Five": the five stocks investors must watch this week.
Deere: The farming-equipment company's year-to-date performance is down 25 percent. Hilsenrath notes that Deere, which reports quarterly earnings on Wednesday, could be impacted by the now-strengthening dollar -- "and I'm wondering whether the global slowdown could hurt them."
UBS: The financial giant's "writedowns will ratchet up to $43 billion," he says. UBS still has "a lot of problems they have to fix... Look out for restructuring."
Walmart: The discount giant "got back to their roots of value for the consumer at just the right time," Hilsenrath believes. He has high hopes for the retailer's second-quarter report on Thursday.
Nordstrom: "The diametric opposite" of Walmart in every way, the luxury retailer also posts earnings on Thursday -- and Hilsenrath expects "pretty bad numbers."
General Electric: He points to GE's NBC Universal unit (parent of CNBC) as the key driver. NBC TV's first two primetime broadcasts of the Beijing Olympic games snared "the most Olympics viewers in a decade" -- and he expects more to come.
(Click for CNBC's Special 'Business of The 2008 Olympics' coverage.)
Disclosure information was not available for Hilsenrath.