The Fool Looks Ahead
Jun 15th 2013 7:15AM
Updated Jun 15th 2013 7:16AM
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 first trading day of the week kicks off with Korn/Ferry posting quarterly results. The report should provide a good glimpse at the state of corporate hiring. Korn/Ferry is a leading provider of executive headhunter and other workforce recruiting and consulting services. If the economy's on the mend, Korn/Ferry should be seeing a healthy uptick in activity.
La-Z-Boy shareholders hope their investment isn't a recliner on Tuesday. The furniture maker behind the popular namesake recliner has been an unheralded beneficiary of the housing boom. As real estate sales spike and homebuyers move into fresh digs, buying new furnishings at La-Z-Boy's hundreds of showrooms is a logical move.
Revenue is growing at La-Z-Boy, and earnings are climbing even faster.
Red Hat tips its hat on Wednesday. Transforming the freely available open-source Linux platform into a subscription-based product may seem like a dicey idea, but Red Hat's been able to code magnetic enterprise solutions that are cost-effective for corporations when pitted against traditional alternatives.
The end result has been double-digit revenue growth for Red Hat at a time when many enterprise software providers haven't been as fortunate.
Rite Aid prescribes its quarterly financials on Thursday. The drugstore operator is finally starting to turn things around. After years of red ink, Rite Aid has surprised the market with back-to-back quarters of profitability.
Analysts won't be caught off guard this time around. Wall Street is finally forecasting a quarterly profit of $0.04 a share out of Rite Aid.
CarMax closes out the trading week with its revved-up financials. The popular retailer of used cars is smashing the stereotype of shady dealers selling secondhand vehicles. With massive inventory levels and haggle-free pricing, CarMax has succeeded. Analysts see revenue and earnings climbing 13% and 12%, respectively, in Friday's quarterly report.
Beyond the week ahead
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The article The Fool Looks Ahead originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends CarMax. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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