4 Dates to Circle in June

The old "sell in May and go away" yarn implies that nothing good ever happens over the next few warm months. I disagree. I think that plenty of events could potentially shape -- or shake -- the market. Here are a few of the days that I plan to approach with eyes wide open.

June 9
Is the world ready for the Garminfone? Garmin's (Nasdaq: GRMN  ) Android-powered smartphone hits the market a week from tomorrow.

This isn't Garmin's first attempt to capitalize on its killer GPS brand name in the wireless market. The Nuvifone bombed last year. However, there's something to be said about hopping on Google's (Nasdaq: GOOG  ) popular Android operating system, beefing up the specs, and getting things right the second time.

Garmin's personal navigation business has been slammed in recent years, as web-connected handsets provide cheaper access to turn-by-turn directions. There is thankfully more to Garmin's business than consumer GPS gadgetry. However, Garmin's weakness there has clearly weighed on the stock over the past few quarters.

A Garminfone hit -- even if the odds are long -- would restore investor confidence.

June 15
Best Buy (NYSE: BBY  ) releases its quarterly results on June 15. Now that we don't have Circuit City around, Best Buy has become the only major bellwether for consumer-electronics retail.

The report should bring good news. Analysts foresee a profit of $0.50 a share, ahead of last year's $0.42-a-share showing. Best Buy has also clocked in ahead of Wall Street's targets in five of the past six quarters, so it's a safe bet that the big-box retailer will earn more than Wall Street expects.

However, the real meat to Best Buy's report may lie in emerging trends. Best Buy has become the retailer to turn to for breakthrough product launches. It will be ground zero for Google TV, and TiVo is working with Best Buy to roll out Insignia televisions with TiVo software built in.  

June 18
Fans of Woody and Buzz can begin heading out to their local multiplex for Disney's (NYSE: DIS  ) Toy Story 3 on June 18.

There's plenty riding on the release, since the computer-animated film will also be marketed as a premium 3-D screening.

There was little reason to expect anything short of box-office gold for third installment of Pixar's flagship franchise -- until DreamWorks Animation's (NYSE: DWA  ) Shrek Forever After stumbled with exhibitors two weekends ago.

Shrek's franchise has actually had greater financial success theatrically than Toy Story, so watching the fourth -- and presumably final -- Shrek film fail to live up to the opening weekends of its predecessors is disheartening.

Are consumers tiring of computer animation? Will this summer be too competitive for any single family-friendly movie to stand out? Or are folks just tired of the Shrek property?

Disney better hope that the answers are "no, no, and yes," respectively, to those three questions.

June 30
When Sirius XM Radio (Nasdaq: SIRI  ) got shareholders to vote in support of a reverse stock split last year, the satellite-radio operator was trading much lower than it is today. It was also being threatened with an exchange delisting if it couldn't get its share price over the $1 mark. The authority to execute the reverse expires at the end of June.

CEO Mel Karmazin has made it clear that Sirius is no longer entertaining a reverse split, now that it's in compliance Nasdaq's listing requirements. However, the stock's inability to consistently trade above the $1 mark may eventually force another delisting issue. A reverse split would satisfy the shortcoming, even if many investors prefer a low share price and billions of shares outstanding.

The saga continues.

What are you looking forward to this month? Check in with your expectations in the comment box below.

Best Buy and Walt Disney are Motley Fool Inside Value recommendations. Google is a Motley Fool Rule Breakers pick. Best Buy, Walt Disney, and DreamWorks Animation are Motley Fool Stock Advisor choices. The Fool owns shares of Best Buy, on which Motley Fool Options has recommended a bull call spread position. Try any of our Foolish newsletter services, free for 30 days.  

Longtime Fool contributor Rick Munarriz loves June because he'd be nowhere without it. He does not own shares in any of the stocks 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.


Read/Post Comments (4) | Recommend This Article (7)

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 01, 2010, at 4:35 PM, SIRIDoom wrote:

    SIRI Junk Stock Update....

    Board of Directors now has anytime Authority to Effect a Reverse Stock Split !!!!!!!!!!!!!

    No more need to vote on it ever again. And, it will happen. It has been part of the crooks evil plan. We held Karmacrook off for two years but he is going to do it come hell or high water...

    But that is ok. The way the FED and Goldman Sachs are pumping 401K money out of the market it is unlikly that anyone will have investment money in the near future. The entire market is a fixed game run by crooks. With High Speed black box trading and magic trigers that lock out out retail trading, we just do not have a chance against the rigged system.

    Advise!!!!!!

    STAY OUT OF THE US MARKET!!!

    ________

    Form 8-K for SIRIUS XM RADIO INC.

    Submission of Matters to a Vote of Security Holders

    On May 27, 2010, we held our annual meeting of stockholders. At the annual meeting, stockholders voted on the matters contained in our definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 15, 2010 (the "Proxy Statement"). The final results for each matter submitted to a vote of stockholders are as follows:

    Item 3 - Extend our Board of Directors Authority (through the Approval of an

    Amendment to our Certificate of Incorporation) to Effect a Reverse Stock Split and to Reduce the Number of Authorized Shares of Our Common Stock

  • Report this Comment On June 01, 2010, at 4:57 PM, SIRIDoom wrote:

    Dump SIRI

    It is junk and a gamble at this time.

    Wait for the split and buy after the decline. Normaly, stocks in the condition of SIRI wil decline after a split and then may start moving positive with institutional buying. This depends on the timing as the indexers start listing agian.

    SIRI will split, Avoid it until it does. Don't gamble on the volitility because it is rigged against you. The pump and dump that is going on is outragiusely obviouse...

  • Report this Comment On June 01, 2010, at 6:42 PM, geoslv wrote:

    How curious that there was nothing on these websites about the results of the shareholder meeting last Thursday. Even Rick Munaniz didn't know the results. We finally get it from a poster here. Okay, reverse split authorized with no expiry date?

  • Report this Comment On June 01, 2010, at 6:46 PM, geoslv wrote:

    Is there a Sirius XM page where shareholders can have access to news like that from the company?

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1196953, ~/Articles/ArticleHandler.aspx, 12/19/2014 10:53:54 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement