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 InterOil (NYS: IOC) reporting its quarterly results. The oil explorer is trying to cash in on its project in Papua New Guinea. Analysts see a small profit out of InterOil, reversing a year-ago loss.
Jabil Circuit (NYS: JBL) heads up the class of companies reporting on Tuesday. RBC Capital raised its price target on the contract manufacturer for electronics on Wednesday -- from $22 to $30 -- ahead of the report. That's usually a good sign, even though the stock was already well above the earlier price target.
Sonic (NAS: SONC) pulls up into an open parking stall and places its quarterly order on Wednesday. Things have been rough for fast-food chains that don't have golden arches on their signs, but at least Wall Street is holding out for a modest quarterly profit out of Sonic.
FedEx (NYS: FDX) is the one to watch on Thursday. The speedy delivery giant is a decent proxy for the economy in general. If folks are comfortable enough to order goods to be delivered quickly and companies are paying up to get physical documents sent out in a hurry, things may not be so bad.
The final trading day of the week is quiet, but you may hear KB Home (NYS: KBH) hammering away. The homebuilder is projected to serve a substantially narrower loss than it did a year earlier.
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At the time this article was published Motley Fool newsletter serviceshave recommended buying shares of FedEx. 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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