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Whole Foods Market, CBS, Activision Blizzard Reporting; Abercrombie Crumbling

Hot Stock Minute

Whole Foods Market (WFM) reports after the closing bell. The supermarket chain is expected to post earnings of 31-cents a share, up just a penny from a year ago. Revenue has likely climbed about 4% to top $3-billion. Shares of Whole Foods are up 40% so far this year. Impressive, but less than the climb we've seen in more traditional supermarket stocks like Kroger (KR) which is up 64% and Safeway (SWY) which is up 96% in 2013. Working in Whole Foods' favor, sales of organic foods have been growing at nearly 8% annually.

CBS (CBS) also reports after the closing bell. The company is expected to post profits of 76-cents a share, up from 60-cents a year ago on revenue that's nearly $3.5-billion. Key to watch here will be how the company weathered its dispute and blackout with Time Warner Cable. Of note, just last week NCIS beat the final game of the World Series in the ratings. CBS stock is up 52% this year and hit a new 52-week high last Friday.

Abercrombie & Fitch (ANF) has been down as much as 7% since yesterday's regular close. The clothing chain lowered its full year earnings guidance about 25%. The trouble: spending among young shoppers has been very weak. In fact the company says it will also close all of its Gilly Hicks stores.Even prior to the drop we're seeing now, Abercrombie shares were down 19% year-to-date.

Game-maker Activision Blizzard (ATVI) also reports after the closing bell. It's currently up more than 2%. Earnings are expected to be down sharply to just 3-cents a share from 15-cents a year ago. But the real story is what lies ahead for the company with the release of "Call of Duty: Ghosts." That game went on sale just yesterday. The company's stock is up 51% year-to-date. For point of comparison, competitor Electronic Arts (EA) is up 76% in that time.

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