This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tomorrow's Headliners: FedEx

Wednesday's session will be highlighted by the latest read on inflation at the consumer level, which will likely assuage the fears of those worried the Federal Reserve will be forced to raise interest rates, as well as earnings from FedEx (FDX - Get Report).

At 8:30 a.m. EDT, the Labor Department will release its consumer price index. Economists expect the headline CPI number to have climbed 0.3% in May and the core number to rise only 0.1%, compared to 0.3% in April.

Some investors have been concerned that the central bank will have to raise the fed funds rate to combat rising inflation.

Meanwhile, Fed Chairman Ben Bernanke will speak at the Operation HOPE Global Financial Literacy Summit on Wednesday, offering comments on community development financial institutions.

On the earnings front, FedEx is scheduled to report fiscal fourth-quarter earnings before the market opens. Analysts expect the company to report a profit of 52 cents a share on revenue of $8.34 billion, according to Thomson Reuters. That would compare to an adjusted profit of $1.45 a share on sales of about $9.87 billion in the year-ago quarter and earnings of 31 cents a share on revenue of $8.14 billion in the previous quarter.

In other stock news, Mattel (MAT - Get Report) will host an analyst day, while chief executives from Research in Motion (RIMM), Ford (F - Get Report), Dow Chemical (DOW - Get Report) and Waste Management (WMI) will be present at a summit convened by the Detroit Economic Club.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DOW $46.31 0.00%
FDX $149.92 0.00%
F $14.19 0.00%
MAT $21.62 0.00%
AAPL $110.78 0.00%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs