Here’s your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day.
Another slow week of earnings reports will have its busiest day tomorrow, with results from FedEx (FDX), Adobe Systems (ADBE), Red Hat (RHT) and Lennar (LEN). Meanwhile, index provider MSCI (MSCI) is poised to decide Tuesday whether to include mainland China stocks, or A-shares, into its main emerging-market index.
The shipping giant reports fiscal Q4 results after the close.
Estimates: EPS to rise 18% to $3.89 as revenue grows 20% to $15.56 billion, according to Zack Investment Research.
Stock: Shares were down 0.1% at 210.20 in afternoon trading on the stock market today but still in buy zone after clearing a 201.67 entry early this month. Rival UPS (UPS) was up 0.15%.
E-commerce has fueled FedEx’s rise, but internet juggernaut Amazon.com (AMZN) is expanding its own delivery operations, and is even leasing its own fleet of planes.
But for now, the shippers have had trouble juggling all the online orders during the holiday season, including associated costs, and have tried enforcing deadlines on retailers for guaranteeing certain delivery windows. On Monday, UPS said it would levy surcharges on U.S. residential packages during the peak season.
The maker of digital media and marketing software is scheduled to report fiscal Q2 results after the market close.
Estimates: EPS to climb 32% to 94 cents, as revenue rises 24% to $1.73 billion.
Stock: Shares rallied 1.5% to 139.95, continuing to bounce higher off their 50-day average, which can be an opportunity for a follow-on buy.
Adobe already was in profit-taking territory from a breakout in January. The stock hit an all-time high of 144.34 on June 5.
Another key metric to watch is billings, as analysts look for continued momentum in its cloud-computing transition.
The No. 1 provider of open-source Linux software for corporate data centers reports fiscal Q1 earnings after the…