FedEx, Micron, Lennar Earnings: What Investors Should Watch For
Another round of earnings is underway!
FedEx , Micron , and Lennar are all expecting to report its quarterly earnings on Tuesday, June 25.
Action Alerts PLUS senior analyst Jeff Marks break down what he's looking at in each earnings report.
FedEx "I mean, that's going to be commerce.
This is a very important conference call when it comes to the Fed and what they should do.
You know, FedEx also has a pretty big international presence as well, outside the U.S., which might not be great.
I know China is almost trying to blacklist the company now," Marks said.
Micron "Micron is very interesting because it's very cheap right now.
But usually when a stock is this cheap, I think it's low single digits times earnings, you're going to be worried that It's not the P that's too low, It's the E that's too high.
So that's what you got to be watchful there," said Marks.
Lennar "I'm not sure how this quarter will be I know the weather was kind of bad.
Um, but with rates so low, we'll have to see if they are forecasting a better recovery of the housing market," Marks said.
Lennar's Charts Looks Like They Have Run Out of Steam and Are Rolling Over