2nd of the 3 big weeks for S&P 500 type companies arrives; last week was an unqualified success of setting expectations low, cutting expenses aggressively and beating very slow to adjust analysts expectations. Now with the bar raised higher as expectations ramped up, I expect the sledding to be a bit tougher.
Here are names of interest in the early part of the week; with names the market will be watching and some additional ones that I like to look at. Tuesday will be the more interesting day. I forgot about earnings knee jerk reaction time, when I shorted American Express (
) and Capital One (
) late Friday; both report Thursday so despite extreme overvaluations and gaps in each chart I'll be heading to the sidelines before then on the 2 positions.
Monday
Market will focus on:
Halliburon (
) - oil services, not sure much can be read into here at this point in the economic cycle, but the market loves to follow HAL.
Texas Instruments (
) - the market will look for some sort of follow up to support the Intel (INTC) chip happiness parade. I would assume strength in China / Asia, combined with lots of cost cutting... the same playbook. How many times we can rally off the same "surprises" continue to bemuse me.
Some names I like to follow or will keep an eye out for ...
Eaton (
) - a good sized diversified "power management" manufacturer with hands in many industries.
Johnson Control (
) - see Eaton, but with more exposure to automotive
Tuesday
Market will focus on:
Apple (
) - simple as that; we've picked some strange companies to use as proxies on the health of the American or global economy.
