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 Wolverine World Wide (NYS: WWW) reporting. Analysts see the footwear maker earning $0.75 a share in its latest quarter, just ahead of the $0.70 it rang up a year earlier.
"Let's Talk iPhone," reads the Apple (NAS: AAPL) invitation to its media event for Tuesday. In other words, the wait for the iPhone 5 is nearly over.
Apple has historically refreshed its flagship smartphone in June or July, but it's several months late this time around. The delay is only heightening the expectations, and that's something that new CEO Tim Cook will just have to get used to at Apple.
Another company dealing with a change at the helm is Costco (NAS: COST) . CEO Jim Sinegal is retiring come January, making Wednesday's quarterly report his final missive at the top. He plans to stick around as an advisor for another year, and he also intends to run for re-election to the warehouse club's board. However, transition questions are bound to come up during the conference call.
Motorsports promoter International Speedway (NAS: ISCA) , beauty-care products distributor Helen of Troy (NAS: HELE) , and liquor slinger Constellation Brands (NYS: STZ) will all report on Thursday. The three companies have little in common, but they're all expected to post healthy bottom-line growth for the quarter.
It's quiet on the earnings front, but not at the local multiplex, where Real Steel becomes the next theatrical release to get the IMAX (NYS: IMAX) treatment.
Given the disappointing year that exhibitors are having -- with box-office receipts coming in lower than in 2010, year to date -- IMAX and theater chains need some fourth-quarter blockbusters to get investors excited about the cinematic industry.
Until next week, I remain,
At the time this article was published The Motley Fool owns shares of Costco Wholesale and Apple.Motley Fool newsletter serviceshave recommended buying shares of International Speedway, Costco Wholesale, IMAX, and Apple and creating a bull call spread position in Apple. 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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