Biff’s Ideas for next week Jun 30 through July 3rd

HRB -- HR Block Earnings Monday SHORT
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H&R Block (HRB) – Option traders may be positioning for a break below $20 in tax prep and financial advisory giant H&R Block for the first time since March when it reports earnings on June 30, if not before. Shares in H&R Block took a 3% haircut to $22..40 but the company is still trading at the high end of its $7 52-week-range. On the options front, contracts to buy and sell H&R Block shares are determined strike prices are trading at nearly 14 times the daily average. Implied volatility on all H&R Block options gained 31% and now ticks in a 52% - a 3-month high. Today’s volume is heavily contracted in July 20 puts, which have been bought heavily at 30 cents per contract. H&R Block shares are up 22% for the year date, delivering largely static returns over the past 52 weeks.

NAVZ.PK Earnings Monday LONG
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Navistar to be relisted on NYSE on June 30
Last update: 7:51 a.m. EDT June 27, 2008
NEW YORK (MarketWatch) -- Navistar International Corp. NAVZ
Navistar International Corporation
NAVZ 68.05, +4.05, +6.3%) said Friday that its common stock will resume trading June 30 on the New York Stock Exchange under its original ticker symbol NAV; Navistar preferred stock will trade under NAVPrD. To pave the way for relisting Navistar filed first and second quarter 2008 form 10-Qs with the Securities and Exchange Commission. "We're happy to be caught up with our financial reporting," said CEO Daniel Ustian. The company reported net sales and revenue of $6.9 billion for the first half of fiscal 2008, a 13 percent increase over the same period in 2007. Net income was $162 million, or $2.22 a share, vs $175 million or $2.41 a share over the first half of fiscal 2007. In Thursday trading, Navistar shares fell 5% to $64. End of Story

APOL Earnings Tuesday LONG
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Summer School Breakout: DeVry (DV), Apollo (APOL)

Credit Suisse upgraded Apollo Group to “Outperform” on Friday citing raised tuition costs. The move gave other stocks in the space a nice boost. When the economy stinks people go back to school and get degrees, says Ratigan. I’m a buyer of DeVry and Apollo. I also like Apollo, says Guy Adami.


AYI Earnings Wednesday WATCH…set to FALLHARD / OR / BOUNCE BACK
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AYI ….no direction call for the earnings ….(could be a 5.00 to 10.00 move in her)



BIG -- Big Lots is SMOKEN HOT
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THURSDAY, July 3

WASHINGTON -- Labor Department reports on employment for June, 8:30 a.m.

Labor Department reports on weekly jobless claims

LAST month the Market RAN........straight DOWN on this NEWS....

this has been a trend my friends........................................... .......

The Look Ahead
By Rick Aristotle Munarriz June 28, 2008 Comments (0)

Monday
The taxman cometh, when H&R Block (NYSE: HRB) checks in with its quarterly report. This is a biggie for the company, because it includes the seasonally meaty April tax filings. H&R Block has hit a few bumps in recent years, between its mortgage origination foray and its own questionable financials filing. The worst may be behind the company now, as analysts expect earnings to climb 12% for the quarter to $2.03 a share.

Tuesday WD-40 (Nasdaq: WDFC), distiller Constellation Brands (NYSE: STZ), and education company Apollo Group (Nasdaq: APOL). Investors should make out OK, because Wall Street sees all three companies posting stable to higher earnings.

Wednesday
Discount retailer Family Dollar (NYSE: FDO) reports, and investors are braced for a profit of $0.40 a share, flat with last year's showing.

There's a good chance that the results will come in better than that. Other thrift magnets like Big Lots (NYSE: BIG) have fared well lately. Family Dollar has also beaten the market in two of the past three quarters

Earnings Preview: H&R Block
by: theflyonthewall.com
H&R Block (HRB) is expected to report Q4 earnings on Monday, June 30, after market close, with a conference call scheduled for Tuesday July 1 at 8 a.m. ET.
Analysts are looking for a profit of $2.03 on revenue of $2.5B. The consensus range is $1.97 to $2.08 for EPS, and revenue of $2.45B to $2.56B, according to First Call.

Oppenheimer believes H&R Block has shown several catalysts over the past few months, most importantly the sale of its mortgage business. The firm believes the company's strong 2008 tax season will lead to future growth, and they think the stock can appreciate 20%+, as catalysts are not yet fully reflected in the stock.

On June 23, the New York Post reported that H&R Block, which agreed not to foreclose on any Massachusetts mortgages until at least July 14, could be forced to take hundreds of millions of dollars in writedowns if Massachusetts Attorney General Martha Coakley proves the tax preparation giant used predatory lending practices to sell over 30,000 mortgages in the state between 2004 and 2007. Soleil views the recent weakness from the lawsuit as a buying opportunity. On May 12, the tax preparer reported its net tax preparation fees grew 8.9% to nearly $2.8B.

Nice breakdown Biff.... I got my eye on HRB

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I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks.

Reuters
H&R Block results beat estimates, aided by weak dollar
Monday June 30, 8:16 am ET

NEW YORK (Reuters) - H&R Block Inc (NYSE:HRB - News), the largest U.S. tax preparer, said on Monday it swung to a quarterly profit from a loss as the weak dollar helped drive revenue 11 percent higher.

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The company reported a fiscal fourth-quarter net profit of $543.6 million, or $1.66 per share, compared with a loss of $85.6 million, or 26 cents per share, in the same quarter a year ago.

Earnings from continuing operations rose 17 percent to $2.11 per share, beating analysts' estimates of $2.03 per share, according to Reuters Estimates.

The company forecast earnings from continuing operations of $1.60 to $1.70 per share for 2009, it current fiscal year. Analysts are expecting $1.57 a share.

"While we are not providing earnings guidance beyond fiscal 2009, we are confident that for the three-year horizon through fiscal 2011, we can realize significant gains in earnings per share through unit growth, greater efficiency in our tax and other operations, and capital deployment, rather than relying solely on annual price increases for growth," said Alan Bennett, interim chief executive.

Revenue rose to $2.6 billion as tax services revenue grew 13.4 percent to $2.2 billion.

H&R Block said its U.S. retail client base grew 3.8 percent and the number of international clients grew 6.1 percent, with particularly strong growth noted in Canada.

More than half of the revenue increase and one-third of the profit increase resulted from favorable exchange rates, it said.

The company said it would raise its annual cash dividend to 60 cents per share, resulting in a quarterly dividend of 15 cents per share beginning with the dividend payable October 1.