FedEx Corporation (NYSE: FDX) is on deck next week.  After positive sector reports and in the recovery this stock has risen almost 150% from its lows of the recession.  Thomson Reuters has estimates of $0.72 EPS and $8.33 billion.   We are expecting to see raised guidance for its fiscal May-2010.  Those estimates are $3.63 EPS and $33.65 billion in revenues.  If no guidance is raised, you will be hearing about stretched valuations.

GameStop Corp. (NYSE: GME) is on deck next Thursday morning.  The estimates from Thomson Reuters are $1.28 EPS and $3.45 billion, both of which would be under a year ago.  Aren’t things in the economy and discretionary spending rising?  Yes, just not for video games.  The expectation bias here is low.  The bar is set low.  Any positive news out of the company would be well received.  There is a risk here even if it is not an immediate threat.  The video delivery method is starting to move toward digital delivery rather than on disks.  That is a longer-term issue but one to consider for the years ahead on future systems.  There are many risks on that model, but it is one to consider.  Still, the bar is low here.  At $19.35, its 52-week range is $17.12 to $32.82 .

3Com (NASDAQ: COMS) is expected to report $0.08 on Thursday…. this is symbolic more than cause and effect.  3Com is being acquired by Hewlett-Packard buyout, so this may be a formality rather than an announcement with meat.  The only thing we’ll be on the lookout for is if something gets hung up further in the merger.

Palm, Inc. (NASDAQ: PALM) is going to formally report next Thursday after the close.  Despite more phones being launched with more carriers, Palm’s Pixi, Pre, and Treo models just aren’t keeping up iPhones, Droids, and Blackberries.  The company already issued a warning, which many felt was too late and long after the company should have been able to know.  Management is probably not expecting too many friends on the conference call.  At $5.55, this hardly looks bright.  Thomson Reuters has estimates of -$0.42 on $316.19 million in revenues.  The 52-week low was recently put in at $5.46… versus a $5.55 price today.

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JON C. OGG