Wall Street This Week: From the REIT Way to the Fast Way

Cheez-It 355 at The Glen
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From a great snapshot on the state of corporate America to the latest quarterly report out of a busy real estate investment trust, here are some of the things that will help shape the week that lies ahead on Wall Street.

Monday -- REIT 'em and Reap

Real estate investment trusts -- or REITs -- have become popular with investors hungry for high yields. In this climate where rates on fixed income vehicles are meager, a REIT offers an opportunity for meatier payouts for those willing to take on the risks.

Investors Real Estate Trust (IRET) reports on Monday afternoon.The REIT owns and operates income-producing multi-family residential and commercial properties in the upper Midwest. Investors Real Estate Trust currently yields 5.8 percent, and it has paid quarterly distributions for 173 consecutive quarters.

Tuesday -- Taking Care of Business

Paychex (PAYX) is one of the better proxies for corporate America. The provider of payroll and other human resource solutions for small- and medium-sized businesses has 570,000 payroll clients. In other words, if companies are hiring or firing, you will see it in Paychex's financials.

Analysts expect to see modest growth when Paychex reports on Tuesday afternoon. They also expect to see revenue and earnings per share climbing by a little more than 5 percent. That may not seem like a lot, but at least it's moving in the right direction. It's also a good sign that Paychex has beaten Wall Street's profit targets for three consecutive quarters heading into Tuesday's report.

Wednesday -- Hittin' the Railroad

Greenbrier (GBX) reports on Wednesday morning. It's a leading supplier of transportation equipment and services to the railroad industry. It's easy to be cautious about Greenbrier, and not just because of the cyclical nature of rail or the broader migration to new ways to move goods around. Paychex may have beaten analyst guesstimates three times over the past year, but Greenbrier has missed Wall Street profit forecasts in three of the past four quarters.

Thursday -- Chasing Down the Checkered Flag

If it isn't obvious just yet, this is going to be a slow week for earnings. The first week of any new quarter is typically dry when it comes to fresh financials, and this week is already going to be kept in check with the Independence Day holiday.

It would take a company with a heart of steel to try and post quarterly results on the eve of an extended market holiday, but that's just what International Speedway (ISCA) is doing. To be fair, the motor-sports promoter lives its life surrounded by speed metal (a dozen tracks, plus radio's Motor Racing Network). It wouldn't be a shock if its heart followed suit.

Wall Street sees a profit of 49 cents a share out of International Speedway. It had generated net income of 51 cents a share a year earlier during the same period. That's not the kind of growth that fans would like to see.

Friday -- Red, White, and Blue

The market is closed in observance of the Independence Day holiday. Investors should enjoy the actual fireworks that will likely cap off most stateside celebrations. They are unlikely to get those same kind of fireworks out of the market during what promises to be rather sleepy week on the news front.

Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends International Speedway and Paychex.

7 Simple Strategies for a Frugal, Prosperous Life
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Wall Street This Week: From the REIT Way to the Fast Way

Securing a favorable interest rate is a prime way to maximize savings. On a major loan repayment like a mortgage, a little upfront effort can save you considerable amounts for years to come. To cash in on this frugal hack, you need to get your credit in shape. That means checking your credit history, making payments on time (and in full), and reducing your debt to available credit ratio as much as possible. It means paying down your balances on all your credit card accounts. The higher your credit score, the lower your interest payments and the higher your savings.

Adjust your withholding exemptions so that your payments to Uncle Sam match your actual tax liability, and you won't wind up with a big refund come April. As exciting as it is to get that big check in the mail, that's money you've been loaning to the government for free rather than having it grow in your own savings and investment accounts. As of the start of April this year, the average tax refund was $2,831. That's $235 a months' worth of money that could be working for you.

Just 10 to 20 minutes on the phone with your cable company, cell phone rep, or any other service provider can result in recurring monthly savings through old-fashioned negotiation. If you're not getting anywhere after asking for a lower rate, ask for the cancellation (or retention) department and see what offers start to come in. If you're unable to haggle down to get the savings you want, you can always shop providers to get your service elsewhere -- probably with a new-customer discount rate, too.

While bulk buying can sometimes lead to unnecessary purchases and overspending, it's a great strategy for savings on nonperishable items like paper products, cleaning supplies and alcohol. When you stock up, you save on the unit price and the trips to the store to restock.

Other than the obvious benefits of reduced health care costs over time, exercising and living a healthy, smoke-free lifestyle can provide some more immediate savings on your insurance premiums.

More stuff equals more to maintain, clean and devote time and energy to. From the size of your home to the size of your clothing collection, more "stuff" generates more expenses. Downsize and watch your savings soar.

For each year after full retirement age that you delay taking Social Security benefits, you accumulate a permanent increase in your benefits of 5 to 8 percent until age 70. This one strategy can increase your Social Security retirement income by more than 25 percent. It would take a lot of penny-pinching to add up to that kind of income boost.
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