Yahoo Finance was a bit slow in reporting earnings dates last week so this might not be a comprehensive list. We are done with the bulk of mainstream American companies this earnings season, but this week will be dominated by Chinese fare (solar and gaming) along with dry bulk shipping. These are the names I'll be watching to learn how the real economy (not government reported economy) is faring; especially the consumer this week with a slew of retail names.
Just a note -
Trina Solar (TSL) is set to report this week but has not filed a date yet - according to Investor Relations email to me, they will announce their date Monday (China time!) i.e. hopefully by this evening.
MondayDry bulk shippers
Dryships (DRYS) and
Excel Maritime Carriers (EXM) report; both of which I've owned in the past, but only a small amount of the former at this point. They have had enormous runs; simply breathtaking and my
contrarian view is this is setting up very similar to fertilizer a few weeks ago - huge runs into earnings, huge expectations and a propensity for a
selloff "buy the rumor, sell the news" type of reaction. With that said, the
Baltic Exchange Dry Index which these stocks seem to trade in lockstep with, is booming.
In Chinese gaming we have
The9 (NCTY) and recent fund addition
Perfect World (PWRD). Competitor Giant Interactive (GA) reported a so - so report Friday so there is some risk here with buying a bunch of
Perfect World right ahead of earnings but from my readings, and reasons I outlined in my purchase (
May 15: Bookkeeping: New Position Started in Perfect World) I believe we could have a nice upside surprise. If I'm wrong, that is
ok too - we'll take the short term hit as I believe this is a sector that should have some very nice secular growth ahead of it. Thankfully, I'm never wrong (cough).
On the retail side
Lowe's (LOW) reports; this is yet another candidate of the "expectations are so low and hey housing will be rounding in 6 months" so you never know the outcome. This is actually a quality retailer, but again - it's one of the best houses on a very shady block.
For kicks I'll probably mock the report over at
Pacific Ethanol (PEIX) - with what I envision happening to corn prices later this year, I'd use any pop to short this type of name. But the darn thing is $3 nowadays, down from $9 on Jan 1, so maybe that ship has passed.
TuesdaySolar cell maker
China Sunergy (CSUN) reports on this day, and normally I'd write - this is exactly the type of name where expectations are so low we could see a huge move, but with the stock up nearly 80% ($8 to $14+) in 2 weeks maybe the move already happened.
