The Fool Looks Ahead
Jun 16th 2012 7:22AM
Updated Jun 16th 2012 7:26AM
There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
The trading week begins with IHS (NYS: IHS) reporting its latest quarterly results on Monday. Analysts see the information provider ringing up a profit of $0.94 a share, comfortably ahead of the $0.83 it served up a year earlier.
FedEx (NYS: FDX) checks in on Tuesday. The parcel-delivery giant recently boosted its quarterly dividend 8% to $0.14 a share. FedEx also announced a few days ago that it will increase its FedEx Freight shipping rates by 6.9%.
Bed Bath & Beyond (NAS: BBBY) reports on Wednesday. The home-goods retailer has been a steady performer lately. The nervous housing market is a drag on big-ticket home-improvement projects, but that's not a problem for the soft goods that Bed Bath & Beyond specializes in.
ConAgra (NYS: CAG) gets its chance to impress on Thursday. The food giant is expected to post a profit of $0.50 a share, just ahead of the $0.47 it rang up last year.
The final trading day of the week is quiet on the earnings front, and Cricket will be chirping.
Cricket -- Leap Wireless' (NAS: LEAP) prepaid mobile brand -- begins offering the iPhone on Friday. The downside to a cheap month-by-month connectivity plan where $55 a month provides unlimited talk, text, and data is that buyers need to pay the full retail price of the smartphone.
Check that calendar
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At the time this article was published Motley Fool newsletter services have recommended buying shares of FedEx and Bed Bath & Beyond. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns no shares in any of the stocks in this story and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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