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 Renren (NAS: RENN) reporting its quarterly results on Monday. It's fitting that China's fast-growing search engine should step up with its quarterly report just days ahead of Facebook's likely IPO.
Activision Blizzard (NAS: ATVI) introduces Diablo III on Tuesday. Pre-order reports have been strong for the title, and the industry can certainly use the boost. Sales tracker NPD reported on Thursday that physical video-game sales fell a staggering 42% last month.
8x8 (NAS: EGHT) checks in with its latest quarterly report on Wednesday. Analysts see the Web-based telecommunications provider posting a profit of $0.03 a share, matching what it earned a year earlier.
Intuit (NAS: INTU) reports its latest financials on Thursday. With its fiscal quarter ending in April, it isn't a surprise to see this as a big quarter for the accounting software leader. Analysts see a profit of $2.48 a share, accounting for 84% of Intuit's profitability for the entire fiscal year ending in July.
The final trading day of the week is usually quiet, but that's certainly not the case as we wrap up earnings season. A big name to watch is Foot Locker (NYS: FL) . The athletic-footwear retailer is hoping the NBA playoffs heat up in the second round, spurring demand for player-backed footwear.
As it stands, analysts see Foot Locker hitting nothing but net of $0.74 a share, well ahead of the $0.60 it dished out last year.
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At the time this article was published The Fool owns shares of and has written calls on Activision Blizzard.Motley Fool newsletter serviceshave recommended buying shares of Activision Blizzard and creating a synthetic long position in Activision Blizzard. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.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.
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