Sunday, May 2, 2010

Earnings... Economic Calendars...

The Earnings Calendar is as busy as it can get. Some of the data William Trent will be watching:
• Altera (ALTR) - Xilinx (XLNX) filed an awful report. Can Altera do any better? Consensus is $0.19 EPS on sales of $314 million.
• Hexcel (HXL) - This Small Cap Watch List member was seeing rising estimates until last month, when they were cut from $0.20 to the current $0.17.
• Steel Dynamics (STLD) - The Mid Cap Watch List member is expected to earn $1.04 on sales of $948 million.
• Texas Instruments (TXN) - expected to earn $0.42 on $3.45 billion in sales.
• CH Robinson (CHRW) - estimates have been rising and now stand at $0.47, but Landstar (LSTRdisappointed.
• CDW Corporation (CDWC) - stellar monthly sales reports have kept estimates rising. They now stand at $0.97.
• EMC Corporation (EMC) - The big news is still the VMWare IPO, but it is also a decent look at enterprise tech spend.
• Laboratory Corporation of America (LH) - The Mid Cap and Large CapWatch List member has been seeing positive earnings revisions and is now expected to earn $1.09 on $1.03 billion in revenue.
• Lexmark (LXKpreannounced and will probably offer poor guidance.
• Linear Technology (LLTC) - expected to earn $0.35 on $267 million in sales.
• Norsk Hydro (NHY) - The Large Cap Watch List member has no analyst coverage right now.
• Plantronics (PLT) - my covered call position is now being cashed out so I’ve no skin in this one. But it is often volatile.
• United Parcel Services (UPS) is a great read on the health of the economy. Expectations are $1.03 on $12.23 billion in revenue.
• Arkansas Best (ABFS) - after Landstar’s (LSTRweak quarter I’m expecting a poor showing. Estimates have come down to $0.67, but may not have come down enough.
• Colgate Palmolive (CL) - Large Cap Watch List member unlikely to surprise much. Consensus is $0.83 on $3.31 billion.
• Corning (GLW) - is LCD supply/demand back in balance?
• Freeport McMoRan Copper & Gold (FCX) -Another Large Cap Watch List member with dramatic positive earnings revisions, now standing at $2.71.
• Graco (GGG) is another Large Cap Watch List member. Estimates have been coming down and are now at $0.61.
• MEMC Electronic Materials (WFR) - Is polysilicon supply catching up to demand for this Large Cap Watch List member?
• Xerox (XRX) - can they make the numbers without asking investors to ignore a bunch of stuff? I don’t doubt they will earn $0.27 as expected but wonder how they’ll get there.
• Federated Investors (FII) is on the Large Cap Watch List and expected to earn $0.54.
• Ingram Micro (IM) is on the Small Cap Watch List and expected to earn $0.36.
• KLA-Tencor (KLAC) - I know the semiconductor equipment fundamentals stink. I want to know how much and whether it is priced in.
• NII Holdings (NIHD) is on the Large Cap Watch List and expected to earn $0.49. 
DateTime (ET)StatisticForActualBriefing ForecastMarket ExpectsPriorRevised From
May 38:30 AMPersonal IncomeMar-0.3%0.3%0.0%-
May 38:30 AMPersonal SpendingMar-0.6%0.6%0.3%-
May 310:00 AMConstruction SpendingMar--0.3%-0.3%-1.3%-
May 310:00 AMISM IndexApr-60.360.059.6-
May 32:00 PMAuto SalesApr-NA4.2M4.3M-
May 32:00 PMTruck SalesApr-NA4.6M4.8M-
May 410:00 AMFactory OrdersMar--0.4%-0.2%0.6%-
May 410:00 AMPending Home SalesMar-7.0%5.0%8.2%-
May 58:15 AMADP Employment ChangeApr-20K30K-23K-

• Western Digital (WDC) is on the Large Cap Watch List and expected to earn $0.36.

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