The Week Ahead

Published on July 21, 2008

The Week Ahead

July 21, 2008

It’s going to be an action packed week from earnings perspective. Apart from watching their results, keep an eye on what are they saying about the future. Guidance is going to play an important role. If you are planning to play large swings on earnings, don’t forget formula I mentioned earlier-

Large Swing in price = Beat/Miss Earnings + Beat/Miss Revenue + Raise/ Lower Guidance on both revenue and earnings. And as a fine prints don’t forget to look at the operating margins.

I had shared a lot of ways to play earnings, both directional as well non-directional. Browse through the website (Key word – Earnings) to find out the way that suits you. Some (a lot actually) of the names that are on my list includes-

Monday: Bank of America (BAC), American Express (AXP), Apple (AAPL), Texas Instruments (TXN), SanDisk (SNDK), QLogic (QLGC), Merck (MRK), Steel Dynamics (STLD), Weatherford (WFT

Tuesday: Wachovia (WB), Washington Mutual (WM), KeyCorp (KEY), Fifth Third (FITB), SunTrust (STI), E*Trade (ETFC), United Parcel Service (UPS), Caterpillar (CAT), DuPont (DD), Freeport McMoRan (FCX), Jacobs Engineering (JEC), PACCAR (PCAR), Precision Castparts (PCP), Lockheed Martin (LMT), Yahoo (YHOO), Broadcom (BRCM), Chicago Mercantile Exchange (CME), XTO Energy (XTO), Halliburton (HAL), Baker Hughes (BHI), Nabors Industries (NBR)

Wednesday: Boeing (BA), Amazon (AMZN), Baidu (BIDU), EMC, Pulte Homes (PHM), Pfizer (PFE), Wyeth (WYE), Peabody Energy (BTU), ConocoPhillips (COP), PepsiCo (PEP), McDonalds (MCD), QUALCOMM (QCOM), MEMC (WFR), Terex (TEX), Whirlpool (WHR), Allegheny Technologies (ATI), General Dynamics (GD), Noble (NE), WellPoint (WLP)

Thursday: 3M (MMM), Union Pacific (UNP), Burlington Northern Santa Fe (BNI), Dow Chemical (DOW), Southwest Airlines (LUV), Starwood Hotels (HOT), Wynn Resorts (WYNN), Suncor (SU), Occidental Petroleum (OXY), Smith International (SII), Newmont Mining (NEM), Western Digital (WDC), Kimberly-Clark (KMB), Bristol-Myers Squibb (BMY), Celgene (CELG), Potash (POT), Bunge (BG), Diamond Offshore (DO), Bucyrus (BUCY), Franklin Resources (BEN)

Friday: T. Rowe Price (TROW), Legg Mason (LM), Arch Coal (ACI), Black and Decker (BDK), and Netflix (NFLX)

Profitable trading, OP

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