For Immediate Release
Chicago, IL – June 21, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Oracle (ORCL), Discover Financial (DFS), ConAgrar (CAG), Walgreen (WAG) and Nike (NKE). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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The Preseason Warm-Up
The pregame festivities for the second quarter earnings season are getting underway. There will be just 48 firms reporting next week, but that includes 15 S&P 500 firms. We define the second quarter as fiscal periods ending in May, June and July, so these are mostly firms with fiscal periods ending in May. The 15 S&P 500 firms reporting represent a wide cross section of the market. These include Oracle (ORCL), Discover Financial (DFS), ConAgrar (CAG), Walgreen (WAG) and Nike (NKE).
On the economic data front, there will not be a lot of reports, but the ones we get are some important ones, most notably the reports on Used, and especially New Homes Sales. We will also get new orders for durable goods, the final numbers on first quarter GDP and the University of Michigan Consumer Sentiment index.
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 +28%. 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 (+2% versus +10%). 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
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