The Fool Looks Ahead
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 new trading week kicks off with Lennar (NYS: LEN) reporting its latest quarterly results. Don't hate Lennar just because it's an out-of-favor homebuilder. At least it's been profitable in recent quarters, and analysts see another period of positive net income.
Adobe (NAS: ADBE) steps up on Tuesday with its latest financials. Analysts see the desktop-publishing giant earning $0.54 a share for the quarter, flat with last year's showing. The bigger concern here may be the long-term viability of Adobe's Flash. It was revealed this week that Internet Explorer 10 -- which will ship with Windows 8 next year -- won't allow Flash browser plug-ins. Since when did Mr. Softy have it out for Adobe? I thought that was just a Cupertino thing.
Red Hat (NYS: RHT) tips its hat on Wednesday. The company has carved a cozy living by providing enterprise-software solutions built on the open-source Linux platform. Companies are drawn to Red Hat because it's able to provide cheaper solutions than traditional business software does.
Nike (NYS: NKE) and Discover Financial Services (NYS: DFS) are some of the big names discussing their latest quarterly reports come Thursday. Athletic footwear and credit cards don't have a lot in common, but both companies are expected to post improving year-over-year results.
Clear Channel (OTC BB: CCMO.PK) begins hosting a two-day music festival in Las Vegas on Friday. The star-studded event is being staged to promote the terrestrial-radio giant's refreshed iHeartRadio app. The new program still scours hundreds of Clear Channel radio stations around the country, but this time it's taking on Pandora (NYS: P) by offering streaming access to more than 11 million songs for customized playlists. Is this a slick move or an insult to its radio DJs and music directors?
Until next week, I remain,
At the time this article was published Motley Fool newsletter servicesformerly recommended Discover Financial Services and have recommended buying shares of and creating diagonal call positions in Nike and Adobe Systems. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Motley Fool has adisclosure policy.
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