The Week Ahead: Best Buy, Circuit City, FedEx To Report

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 |  Includes: BBY, CCTYQ, FDX
by: William Trent, CFA

Earnings are due this week from:

• Best Buy (NYSE:BBY) on Tuesday. The estimates of $0.51 on $7.84 billion in sales have come down during the quarter but the stock hasn’t.

• Circuit City (NYSE:CC) on Wednesday. The estimates of a loss of $0.32 on $2.43 billion in sales have come down during the quarter along with the stock.

• FedEx (NYSE:FDX) on Wednesday. Estimates are for $1.98 on $9.14 billion in sales. Since this is already at the lower end of management’s guidance, falling short would likely be very disappointing.

The Economic Calendar looks pretty light.