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Week Ahead: Adobe, FedEx, and a Housing Snapshot

Can Adobe's cloud momentum continue? Plus, details on FedEx integration of TNT Express and Bed Bath & Beyond's acquisition of One Kings Lane.

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For Morningstar, I’m Jeremy Glaser and welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting June 20.

It's a relatively light week for data and earnings. Adobe will give an earnings update on Tuesday. The wide-moat firm has been on a roll as it has successfully transitioned its business to the cloud. We'll see if the momentum in both creative and marketing cloud users can continue.

FedEx just closed its $4.8 billion acquisition of European carrier TNT Express in May so we're not going to see a huge financial impact yet when the firm reports on Tuesday, but it will be a chance to learn more about the integration and how management plans to boost profitability.

Last week, Bed Bath & Beyond paid an undisclosed amount for online home furnishing company One Kings Lane. Look for more details on this acquisition during the earnings call on Wednesday.

On the data front, new and existing home sales and home price data will provide a snapshot of that industry, while durable goods orders and consumer sentiment will also be reported.

Stay tuned to Morningstar for our take on all of these stories.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.