Wall Street This Week: Photoshop, Phones and FedEx in Focus

FedEx Indictment
Charlie Riedel/AP

From a drugstore operator that has become one of the market's biggest winners over the past five years stepping up for its quarterly report to the world's most valuable consumer tech-giant making its new smartphone available, here are some of the things that will help shape the week that lies ahead on Wall Street.

Monday -- Logic Test

The new trading week kicks off with Analogic (ALOG) reporting quarterly results. The provider of medical imaging and aviation security solutions is expected to take a step back when it chimes in after the market close. Analysts see Analogic's revenue and earnings per share declining by 10 percent and 19 percent, respectively.

It could be worse. Analogic has clocked in below Wall Street's profit targets in each of the three previous quarters. That's not a good trend, and it explains why Analogic is trading closer to its 52-week low than its 52-week high.

Tuesday -- Photoshop This

Adobe (ADBE) is the undisputed champ when it comes to desktop publishing. Its Photoshop photo-editing software and PDF-authoring Acrobat are industry standards. Growth has slowed as the public takes to cheaper cloud-based alternatives, but Adobe is still expected to top $1 billion in revenue when it reports on Tuesday.

Wednesday -- Fed(Ex) Up

One of the best bellwethers for the state of corporate America steps up on Wednesday morning with its latest quarterly report. FedEx (FDX) is a great measuring stick for the health of the business economy. If companies are doing well enough to want to rush important documents -- and if consumers are picking up the pace of online sales -- it should manifest itself in FedEx's report. Analysts see modest growth at FedEx. The pros see revenue climbing 4 percent for the quarter and 5 percent for the entire fiscal year that began in June.

Thursday -- Drugstore Cowboy

Rite Aid (RAD) has been one of the market's more remarkable turnaround stories. Five years ago, the drugstore operator was on the brink of bankruptcy. The stock bottomed out at 20 cents a share. It was mired in losses. Things have started to turn around over the past couple of years, and Rite Aid has now come through with seven consecutive quarterly profits.

Rite Aid will get a chance to stretch that streak to eight quarters when it reports on Thursday. Analysts see it happening. Shareholders who were fortunate enough to snap up shares of Rite Aid at 20 cents in 2009 have seen their stake appreciate 30-fold in five years.

Friday -- It's a Bigger and a Way Bigger iPhone

Apple (AAPL) finally unveiled the larger iPhone 6 and the even larger iPhone 6 Plus a few days ago, and come Friday the new smartphones will hit the market. Apple is opening up its stores at 8 a.m., though long lines await those who weren't able to preorder their handset on Sept. 12.

This is Apple's response to the Android devices that have captivated consumers with their larger screens. Apple hopes that the larger displays coupled with an improved camera and chips will help accelerate the growth of iPhone sales.

Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Adobe Systems, Apple and FedEx. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. Check out our report on where the real money is to be made from the just-announcedApple Watch.

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