Recs

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The Fool's Look Ahead

By Rick Aristotle Munarriz | More Articles
June 13, 2009 | Comments (1)

Recliners in every sense of the word will color in the week that lies ahead.

Monday
The new trading week kicks off with a look at La-Z-Boy (NYSE: LZB  ) . The stock has mirrored one of its recliners, with the stock trading at roughly a third of where it was during its September peak. Analysts see La-Z-Boy posting its fourth consecutive quarterly loss Monday. Let's see if the company can remember where the lever is to get back up.

Tuesday
Adobe Systems (Nasdaq: ADBE  ) and Best Buy (NYSE: BBY  ) are two of the bellwethers checking in Tuesday. They may be market darlings, but both the publishing software giant and the leading consumer electronics superstore are projected to post declines in quarterly profitability.

Wednesday
Speedy deliverer FedEx (NYSE: FDX  ) reports Wednesday. Investors already know that the company will write down its assets by a whopping $1.2 billion this quarter. The real test for FedEx will be how it's coping in an era where business documents are being transported digitally and once-dormant fuel prices are again inching higher.

Thursday
Winnebago (NYSE: WGO  ) and J.M. Smucker (NYSE: SJM  ) lead Thursday's cast of reporting companies. Both the RV roller and the jelly belly are expected to post worse results than they did a year ago, with Winnebago seen taking a big loss.

Friday
Used car retailer CarMax (NYSE: KMX  ) pulls up Friday. Will it be another lemon to sour up your weekend? It could be. Wall Street sees the haggle-free retailer earning just $0.03 a share for its fiscal first quarter. It delivered net income of $0.13 a share last year. Will the shuttering of several new car showrooms by Chrysler and GM help or hurt CarMax? Fewer places to buy cars has to help, but will the move dry up its inventory of cars to resell? Check in on Friday, to see if CarMax has an opinion.

Until next week, I remain,
Rick Munarriz

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Best Buy and FedEx are Motley Fool Stock Advisor picks. Best Buy, CarMax, and J. M. Smucker are Motley Fool Inside Value selections. La-Z-Boy is a Motley Fool Income Investor recommendation. The Fool owns shares of Best Buy. Try any of our Foolish newsletters today, free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look forward. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 16, 2009, at 9:03 PM, mystrlong wrote:

    The stock has risen from 85 cents and they have cut costs to manage the business. They are doing the right thing. Who else has had a percentage increase of this amount. Let's go La-Z-Boy!

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Related Tickers

2/14/2012 11:00 AM
LZB $13.85 Down -0.23 -1.63%
La-Z-Boy, Inc. CAPS Rating: *
KMX $29.45 Down -0.18 -0.59%
CarMax, Inc. CAPS Rating: ***
SJM $79.31 Up +0.02 +0.03%
The J.M. Smucker C… CAPS Rating: ****
WGO $10.05 Down -0.42 -4.01%
Winnebago Industri… CAPS Rating: **
ADBE $32.20 Down -0.15 -0.46%
Adobe Systems CAPS Rating: ***
BBY $25.30 Up +0.09 +0.36%
Best Buy CAPS Rating: **
FDX $96.38 Down -0.60 -0.62%
FedEx CAPS Rating: ****

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