The Fool's Look Ahead

The taxman cometh, when H&R Block (NYSE: HRB  ) checks in with its quarterly report. This is a biggie for the company, because it includes the seasonally meaty April tax filings. H&R Block has hit a few bumps in recent years, between its mortgage origination foray and its own questionable financials filing. The worst may be behind the company now, as analysts expect earnings to climb 12% for the quarter to $2.03 a share.

A few of the familiar names reporting their results include lubricant maker WD-40 (Nasdaq: WDFC  ) , distiller Constellation Brands (NYSE: STZ  ) , and education company Apollo Group (Nasdaq: APOL  ) . Investors should make out OK, because Wall Street sees all three companies posting stable to higher earnings. If not, I'm sure that higher learning, booze, and a popular fix for squeaky hinges will find a way to bounce back.

Discount retailer Family Dollar (NYSE: FDO  ) reports, and investors are braced for a profit of $0.40 a share, flat with last year's showing. There's a good chance that the results will come in better than that. Other thrift magnets like Big Lots (NYSE: BIG  ) have fared well lately. Family Dollar has also beaten the market in two of the past three quarters, so keep those fingers crossed, shareholders.

Companies don't like to release earnings on the eve of a holiday weekend, so it's only natural to see the earnings report dry up on the last trading day of the week. What can you do? Well, beyond getting your Independence Day cookout in motion, the big movie opening in theaters this week is Sony's (NYSE: SNE  ) Hancock. Will Smith as a superhero? The guy has a way of lifting box-office receipts, so maybe it's just art imitating life.

Happy Fourth of July, my friend. Don't bother turning on CNBC or looking up intraday stock quotes. The market's closed, so get out there and flip that smoldering tofu burger before your vegetarian cousin turns on you.

Until next week, I remain,

Rick Munarriz

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APOL $8.62 Down -0.28 -3.15%
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HRB $23.00 Down -0.49 -2.09%
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