Please ensure Javascript is enabled for purposes of website accessibility

3 Stocks to Watch Next Week: Adobe Systems, FedEx, and CarMax

By Timothy Green - Jun 17, 2016 at 8:10AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

While most major companies have already reported earnings, some big names will fill investors in next week.

Image source: Adobe Systems.

Following a painful transition to subscription software that featured slumping revenue and profit, Adobe Systems (ADBE -1.72%) has come out on the other side looking better than ever. Adobe will report its quarterly results on Tuesday, and while the total subscriber count will no longer be reported, investors should expect recurring revenue to continue to soar. Shares of Adobe are up substantially over the past five years, and that trend could continue if things keep going right for the company.

FedEx (FDX -1.14%) will report its results on the same day. FedEx's ground business is booming, growing by 30% in the previous quarter, with e-commerce helping to drive volumes higher. A growing dependence on e-commerce could prove to be a double-edged sword for FedEx, though, with persistent rumors that Amazon aims to bring at least some deliveries in-house creating a shroud of uncertainty around the entire industry.

Rounding out Tuesday's earnings reports is CarMax (KMX 0.26%), the nation's largest seller of used cars. CarMax stock is down considerably over the past year, with investors no doubt worried about aggressive discounting at new car dealerships and the potential for falling used car prices. While the short-term picture may be unclear, CarMax has a long record of solid execution.

Click through the following slideshow for more details on these three stocks to watch.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

FedEx Corporation Stock Quote
FedEx Corporation
FDX
$240.47 (-1.14%) $-2.77
Adobe Inc. Stock Quote
Adobe Inc.
ADBE
$381.07 (-1.72%) $-6.65
CarMax Inc. Stock Quote
CarMax Inc.
KMX
$98.62 (0.26%) $0.26

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
336%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.