EarningsCenter

Wall Street This Week: New Phones, Old Phones and More

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Amazon.com Illustrations Ahead Of Earnings
Andrew Harrer/Bloomberg via Getty Images
From a phone with revolutionary features being introduced to a home furnishings retailer hosting its annual shareholder meeting, here are some of the things that will help shape the week that lies ahead on Wall Street.

Monday -- Hire Ground

The new trading week kicks off with Korn/Ferry International (KFY) reporting quarterly results. The provider of executive recruitment, leadership development programs and other human resources offerings will post its fresh financials after the market close.

Korn/Ferry is a decent proxy for corporate America. If there's busy recruiting activity among white collar positions or companies are investing in upgrading their execs, it's a fair indicator that the economy's on the upswing. Analysts see a sharp improvement in net income on a modest uptick in revenue.

Tuesday -- Sausage Casings

Bob Evans Farms (BOBE) has made a living serving up comfort food. Whether it's through its chain of 562 casual dining restaurants or its deeper reach into supermarkets with its retail line of Southern vittles, Bob Evans fills the bellies of folks who aren't paying much attention to calorie counts.

Bob Evans reports financial results on Tuesday afternoon, and hosts its conference call the next morning. It is expected to post a drop in profitability, and it's probably not a good omen that it has fallen short in back-to-back quarters ahead of Tuesday's report.

Wednesday -- Amazon's Amazing Race

Amazon.com (AMZN) is hosting a media event on Wednesday, and the popular bet is that it will introduce a smartphone with holographic technology that delivers immersive 3-D graphics. Amazon has hinted as such: It put out a teaser video with folks tilting their heads as they eyed the mystery product. Amazon's invitation also spells out that this will be a new device, so we're not talking about merely a new twist to its Kindle Fire tablet line.

It's easy to argue that Amazon is late to this game. However, with Amazon's disruptive tendencies and penchant for selling proprietary products at or below cost in order to make it back in high-margin download sales, it's not smart to bet against CEO Jeff Bezos.

Thursday -- Black and Blue Berry

A day after Amazon hopes to wow the market with its new device, we will be visited by the Ghost of Smartphones Past when BlackBerry (BBRY) reports quarterly results. BlackBerry may have been a market darling as a smartphone pioneer, but these days it's Android and iOS dominating the market as BlackBerry's operating system and devices fade in popularity.

Wall Street's bracing for another loss, with revenue taking another plunge. It's an important lesson to the companies making the mobile gadgetry in demand these days. It's hard to regain your shine once your flagship product peaks.

Friday -- Pier Pressure

Pier 1 Imports (PIR) hosts its annual shareholder meeting on Friday. The home furnishings retailer has come a long way since the stock was teetering on bankruptcy, trading for just 10 cents a share five years ago.

The stock is in the high teens these days, so you know that it has found its footing. Pier 1 clawed its way back into popularity as the financial crisis eased and residential real estate began to bounce back.

Friday's annual meeting should be a positive event, though investors may be concerned that growth is slowing. It also doesn't help that Pier 1 is trading lower than it was a year ago.

Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com.


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