Wall Street This Week: New Xbox Debuts, FedEx Delivers News
Monday -- Tech on Deck
The 2015 Bloomberg Technology Conference: Code and the Corner Office kicks off Monday. The two-day expo features some heavy hitters including Marissa Mayer and Dick Costolo.
You can't get into the conference; it's sold out. However, you can be sure that the more colorful comments and developments will make the rounds -- and not just on Bloomberg.
Tuesday -- Xbox Marks the Spot
Microsoft (MSFT) will ship a new Xbox One model Tuesday. The new gaming console will offer a full terabyte of data storage, double the capacity of the current system. It will be priced at $399, and the current 500-gigabyte model will see its existing $349 promotional price become a permanent move. Storage capacity has become a big deal for consoles as the industry shifts from disc-based games to digitally delivered diversions.
Microsoft's Xbox One hit the market a week after the PS4, but it was introduced at a higher price. It also didn't help that its arrival was accompanied by bad press about restrictive features that Microsoft abandoned just ahead of the launch. Beefing up its specs while keeping pricing competitive should serve the console well heading into this year's holiday shopping season.
Wednesday -- Delivering More Than Just Earnings
FedEx (FDX) reports quarterly results Wednesday morning. There's plenty of money to be made in the speedy delivery of parcels. Analysts see FedEx checking in with $12.32 billion in revenue, 4 percent more than it did during the same period a year earlier.
FedEx is a compelling company to track. It's a great proxy for the economy in general, as parcel deliveries rise and fall depending on how open consumers and companies are to paying a premium for shipping.
Thursday -- Supermarket Dash
There aren't too many companies reporting financial results this week, but one of them is Kroger (KR). Wall Street sees the chain of 2,625 supermarkets and other stores earning $1.22 a share for the quarter, well ahead of the $1.09 a share it rang up a year earlier. That may seem like ambitious growth for a sleepy grocery store operator, but Kroger has actually beaten analyst profit targets every single quarter over the past year.
Friday -- Pixar Strikes Again
Disney's (DIS) latest animated feature -- "Inside Out" -- hits theaters Friday. Pixar's release carries a plot that may be a harder sell than its earlier blockbusters. We're talking about following around the five emotions that govern a young girl's mind.
This will be the first year that Disney's Pixar puts out two movies. "The Good Dinosaur" was supposed to hit a multiplex near you last year, but its release got bumped to the 2015 holiday season.
Motley Fool contributor Rick Munarriz owns shares of Walt Disney. The Motley Fool recommends FedEx and Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days, and check out our free report for one great stock to buy for 2015 and beyond.