The coming week will be one of the busiest for earnings releases as earnings season hits full stride. The last couple of weeks has shown us just how much individual corporate earnings reports mean to the direction of the market on a daily basis, so I wanted to take a look at some companies that have the potential to move the market this week.
Monday April 28th
- Mastercard International (NYSE:MA) Mastercard has been a terrific growth stock since its IPO a little less than two years ago. The stock has risen more than 425% from its first day of trading on the NYSE and the company has set the bar extremely high. Investors are looking for big things here.
- Visa (NYSE:V) On the same day of its biggest competitor, Visa will release their first earnings report since becoming a public company. There are a lot of unknowns going into this report, but it will be watched very closely. The market is looking for 55 cents per share.
Tuesday April 29th
- Corning Inc. (NYSE:GLW) Corning is expected to report 42 cents per share before the market opens Monday morning. This re-invented tech company sits near the top of its 52 week range, outperforming the market nicely of late.
- Express Scripts (Nasdaq:ESRX) While the health benefits companies have been hit hard, the pharmacy benefit management area has been unscathed. ESRX will look to prove that is continuing. Wall Street is looking for 67 cents.
- Under Armour (NYSE:UA) UA has had a lot of doubters lately after being a Wall Street darling for some time. This company needs to prove it has staying power.
- Masco Corporation (NYSE:MAS) If you want to find a company that has always been a steady earnings performer that is no longer so because of the housing crisis, Masco is the perfect company. Given the problems others have had MAS has actually outperformed, but it has been hurt badly. Will this quarter end that trend?
Wednesday April 30th
- Garmin (Nasdaq:GRMN) GRMN is a stock that has taken a quick and rough fall from grace in the past year. Concerns about the sustainable of its growth and the level of competition in the industry have spearheaded this fall. The street is looking for 75 cents.
- Ingersoll Rand (NYSE:IR) This machinery name has held up quite well through all the talk of recession and the manufacturing pain on the street. They are expected to report 73 cents Wed. morning.
- JDS Uniphase (Nasdaq:JDSU) This was one of the boomers in the early 2000's before the dot com bubble burst, but this company hasn't been able to find its footing since that bubble burst. They are at least marginally profitable right now, and investors will watch closely for future guidance.
- Proctor and Gamble (NYSE:PG) This is one of those companies you would expected to not be effected much at all by the economic problems that are hurting many other companies. The street is expecting 81 cents per share.
Thursday May 1st
- Burger King (NYSE:BKC) Burger King has slowly been turning itself around quite nicely the last few quarters and investors have high expectations for this quarter as well. The company is expected to report 27 cents Thursday morning.
- Eastman Kodak (NYSE:EK) EK is a company that seems to have lost its way and is struggling mightily to get back on track. The street is actually expecting the company to lose 3 cents a share this quarter.
- Hologic (Nasdaq:HOLX) This major medical technology company heads the way in many treatments for women's health issues and has been accelerating its growth in the past few quarters. The street is looking for hints as to how the integration of its recent merger with Cytec is going.
- Marathon Oil (NYSE:MRO) This company has done absolutely horribly considering the current price of oil. The stock sits very near its 52 week low and the company has many unanswered questions surrounding its business model.
- MetLife (NYSE:MET) This insurance giant has done quite well in the past couple years as many of its competitors have faltered. The street expects $1.48 a share on Thursday after the bell.
- Sun Microsystems (Nasdaq:JAVA) Just when you think this company may be getting its act together again, it falters. Future guidance will be more important than anything else for those paying attention to this report.
- Wynn Resorts (Nasdaq:WYNN) WYNN is part of the casino group that was so hot for so long, but has come back down to earth quite quickly in the last six months after earnings misses and growth concerns.
Friday May 2nd
- Chevron Corporation (NYSE:CVX) CVX sit very near a 52 week high as the company profits nicely from the huge rise in crude oil prices. The market is expecting $2.41 on Friday morning.
- Nortel Networks (NYSE:NT) Back in 2000 NT was one of the hottest companies on the street, now many are wondering how much longer this company can stay in existance. Management needs to lay out a much better turnaround plan for this one to have a chance.
These are just a few of the notable companies reporting this week. Keep a close eye on all the earnings reports and how they affect the market this week.
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