For Immediate Release
Chicago, IL – April 12, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Alcoa (AA), CSX (CSX), JPMorgan (JPM), Intel (INTC) and General Electric (GE). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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Q1 Earnings Season to Kick Off
Next week is the “kick-off” for the first quarter earnings season. Of course, there are a few firms that have already reported, but all of them have February fiscal period ends, and should be considered part of the pre-game festivities.
Alcoa (AA) will report on Monday after the bell and really get the game started. There are not a lot of companies reporting next week, only 61 in total, but what reports lack in quantity they will make up for in importance.
In addition to Alcoa, 20 more S&P 500 firms will report, including such important bellwethers as CSX (CSX) in Transportation, JPMorgan (JPM) in Banking, Intel (INTC) in Technology and General Electric (GE), which is probably the best one company proxy around for the overall U.S. economy.
The economic data calendar will also be potentially market-moving. We start out the week with the monthly Treasury budget numbers to see how big the deficit is, then get data on the Trade Deficit on Tuesday. On Wednesday, the focus shifts to Inflation as the CPI is released. Wednesday will also see the Retail sales numbers and the Fed Beige Book.
On Thursday, as always, we get the initial and continuing unemployment claims data. More importantly on Thursday will be the report on Industrial Production and Capacity Utilization. Finally, we finish out the week with Housing Starts and Building Permits, and well as the University of Michigan Consumer Sentiment survey. Any one of those results has the potential to significantly move the markets.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
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
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Email: pr@zacks.com
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