Because this week is a huge one for earnings that are moving the market, and tomorrow through Friday will have some major reports, I wanted to preview some of those earnings reports. Already this week the stock market has moved in large part thanks to individual earnings reports, that have mostly been weak. Last week it was the opposite, with stronger than expected reports propelling the market higher.
April 23rd
- Anheuser-Busch (NYSE:BUD) This company most well-known for its Budweiser brand is expected to report 72 cents per share. Commodity prices will certainly put pressure on their profits, but can they pick up the slack elsewhere?
- Level 3 Communications (Nasdaq:LVLT) This serial-disappointer and previous Cramer favorite is expected to report a loss of 11 cents per share. The guidance will be watched closely, since they seem to lower guidance quite often.
- The Boeing Company (NYSE:BA) We all know the story about the Dreamliner delays, but how is the rest of the company doing? The street is expecting $1.35.
- United Parcel Service (NYSE:UPS) It will be interesting to see just how much fuel costs have hurt this company and what their commentary is regarding the economy as a whole.
- XTO Energy (NYSE:XTO) The stock hit a 52 week high today, and it will report its earnings tomorrow. Natural gas has finally started to move up solidly and XTO should be doing well. The street is looking for 92 cents per share.
April 24th
- Altria (NYSE:MO) One of the steady stocks that one would expect to do well despite the poor economic conditions Altria will report Thursday after the bell. 37 cents is the expected result.
- 3M (NYSE:MMM) Will 3M hold up in poor economic times or succomb to the pressure? A lot is riding on this report for this stock. The market is looking for $1.35 per share.
- CF Industries Holdings (NYSE:CF) CF is part of the massive fertilizer boom that has occurred in the past year or so, so expectations are very high for this company. The company is expected to report $2.13 after the bell Thursday.
- ConocoPhillips (NYSE:COP) Some, including myself, find it strange that COP and other major integrated oils are so far off their highs despite oil prices breaking through new highs daily. The street is looking for $2.43.
- Microsoft (Nasdaq:MSFT) The biggest tech of them all is looking to keep its positive earnings momentum going and its expected to report 44 cents after the bell Thursday.
- PepsiCo (NYSE:PEP) One of GrowYourFunds favorite stocks, PEP, will report Thursday morning. The stock has actually performed poorly in the recent market rebound, but expectations are high for continued impressive growth.
- Potash (NYSE:POT) This is another name with very high expectations. The stock has already gone up 50% year to date after a tremendous run last year.
April 25th
- Vale (ADR) (NYSE:RIO)- This Brazalian metals and mining giant is expected to see its growth continue to accelerate. The street is looking for 52 cents per share.
Keep an eye on these earnings reports because there is a good chance several of these names will be moving the market in the next three days.
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