Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The Reporting Week Ahead

Published 02/04/2013, 03:36 PM
Updated 07/09/2023, 06:31 AM

Even after a busy week capped by a Ravens Super Bowl win, earnings season continues to kick into full gear. Investors will receive earnings from major players like Visa (V), Sprint (S), Coca-Cola (KO), Humana (HUM) Baidu (BIDU) Chipotle Mexican Grill (CMG), Noble Energy (NBL), Activision-Blizzard (ATVI), AOL (AOL), Zynga (ZNGA), Kellogg (K), Akamai Tech (AKAM) and Expedia (EXPE). Not to mention many other companies we failed to list.

Monday is none too exciting other than receiving earnings from the Chinese website giant, Baidu.

Zynga (ZNGA) will report earnings on Tuesday. The social gaming company has struggled ever since they went public. ZNGA peaked at $15 following the IPO, but ever since shares have collapsed. On Friday, Zynga closed at $2.66 so you can see just how far shares have fallen. Of the 23 analysts currently covering Zynga, 78% have a HOLD rating on the stock. Some say ZNGA is a volatile risky bet that could pay off with enormous returns however we are skeptical and would remain cautious and avoid the stock altogether.

Wednesday’s big earnings come from Visa (V). Visa is up 10% over the past three months and shares closed at $158.56 on Friday. Analyst are high on Visa as 71% of the thirty-four analysts covering the stock hold a BUY Rating or higher. 45% of those analysts rate Visa as a STRONG BUY. As the U.S. debit market continues to strengthen along with overall global growth Visa shares should stabilize. We like Visa here; they are a strong company and a solid stock so expect them to report another strong quarter.

Thursday investors will see an earnings report from Coca-Cola (KO). KO has failed to capitalize on the market’s recent rally as shares up less than 1% over the course of the past three months. Analysts are moderately Bullish about KO, with 62% of 18 analysts holding a BUY rating or higher and 33% of analysts rating Coca-Cola as a HOLD. The most famous investor, Warren Buffet is a huge supporter of KO and thinks it’s a great buy. If you’re one of those investors who follows Buffet’s investment strategy then buy it here. We think KO is a solid company overall and expect them to do just fine going forward. Thursday will also be a key day for the international markets The European Central Bank and the Bank of England will release their interest rate decisions.

Friday the big focus is on U.S. economic data, as we will be given with the new unemployment rate. It’s a busy week overall, hope everyone’s ready for the ride!

Monday Reports

  • Australian Interest Rate Decision (Expected 3%)
  • Earnings from: Humana (HUM), Life Tech (LIFE), Baidu (BIDU)
Tuesday Reports
  • Euro zone Retail Sales (Expected -0.5%), U.S. ISM Non-manufacturing (Expected 55.1)
  • Earnings from: Chipotle Mexican Grill (CMG), Computer Sciences (CSC), Zynga (ZNGA), Kellogg (K)
Wednesday Reports
  • Unemployment Rate (Expected 5.5%)
  • Earnings from: Visa (V), Allstate (ALL), Green Mountain Coffee (GMCR)
Thursday Reports
  • Bank of England Interest Rate Decision (Expected 0.50%), ECB Interest Rate Decision (Expected 0.75%), U.S. Nonfarm Productivity (Expected -1.2%), U.S. Unit Labor Costs (Expected 2.9%)
  • Earnings from: Noble Energy (NBL), Coinstar (CSTR), Sprint (S), Cigna (CI), Activision-Blizzard (ATVI)
Friday Reports
  • Chinese CPI (Expected 2.0% Year-over-Year), Canadian Unemployment Rate (Expected 7%), U.S. Trade Balance (Expected -$46B)
  • Earnings from: AOL (AOL)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.