For Immediate Release
Chicago, IL – April 19, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Johnson & Johnson (JNJ), McDonald’s (MCD), Microsoft (MSFT), Goldman Sachs (GS) and AT&T (T). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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Into the Heart of Earnings Season
Earnings season will be in full gear next week as 455 firms report, including more than a quarter of the firms in the S&P 500 (130). The list of companies reporting reads like a who’s who list of U.S. industry, including Johnson & Johnson (JNJ), McDonald’s (MCD), Microsoft (MSFT), Goldman Sachs (GS) and AT&T (T).
The economic data calendar will be light early in the week, and potentially market moving by the end of the week. We start out the week with the Index of Leading Economic Indicators on Monday, but then no major numbers are released on Tuesday or Wednesday. Things get busier on Thursday with the release of the Producer Price index and Existing Home Sales data.
Friday will be the most important day of the week for economic numbers, with the release of Durable Goods Orders and New Home Sales data.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
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Since 1988, the Zacks Rank has proven that “Earnings estimate revisions are the most powerful force impacting stock prices.” Since inception in 1988, #1 Rank Stocks have generated an average annual return of +26%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 111% annually (-0.8% versus +8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com
