A lot will be going on this week on Wall Street with market winners like drugstores and tech giants on a rampage in their respective industries. Here is an insight into what it may look like from a bird’s eye view:
The start of the week seemed like a disappointment through analysts’ views with the medical imaging provider- Analogic (NASDAQ:AATI) – down in the dumps, reporting its quarterly results. They predict a fall in both EPS and revenue by 19 percent and 10 percent respectively. However, this could have been worse.
The company has been seen to go below the targets of Wall Street in the past three quarters. This negative image may not be what the company needs at the moment. This is one explanation why Analogic is seen to be trading nearer to the company’s 52-week low compared to its 52 week high. Time to pull your socks up and take serious measures!
Once again Adobe (NASDAQ:ADBE) takes the lead with its desktop publishing. Prevailing as industry standards, Photoshop and Acrobat are still market leaders however their growth seems to be decreasing as the public tide is shifting towards less expensive cloud-based solutions. The renowned brand however is still predicted to go over and above revenue of about $1 billion this Tuesday.
The state of the economy is eye catching with FedEx (NYSE:FDX) kick starting this Wednesday. Its quarterly reports will make you wonder how well companies and individuals are doing with a reduced document delivery time and enhanced online sales. Analysts have started to predict the growth of FedEx (NYSE:FDX) with revenue up 4 percent the current quarter and 5 percent the fiscal year.
With seven successive quarterly profits Rite Aid (NYSE:RAD) really pulled through. People wouldn’t be surprised if this hadn’t been the case given five years ago, the company was on the verge of bankruptcy. Its stock dropped to 20 cents thus investors who had been keen then are reaping benefits now. The drugstore once covered in a sea of losses in 2009, now finds its chance to report another profit this Thursday. Analysts are sure of it happening as all eyes are on this Thursday’s quarterly reports.
The tech giant revealed its new iPhone 6 and 6 Plus a few days ago with all the hype regarding the new features and bigger screens with better pixels. This Friday, Apple(NASDAQ:AAPL) is said to launch them into the market with customers that have pre-ordered on the company’s site benefiting than those who will have to wait in line for hours after 8 a.m.
Apple (NASDAQ:AAPL) aims to become a crowd pleaser with its larger displays and improved camera not to mention the 7mm thin easy-to-slide-in-your-pocket model for those on the run in day to day work. The brand’s loyal customer pool has once again undoubtedly responded to the company’s call with open arms; however it will be interesting to see how the well will the company do in attracting new customers.
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