CHICAGO, Aug. 15, 2011 /PRNewswire/ -- Zacks.com releases
the list of companies likely to issue earnings surprises. This
week's list includes Deere (NYSE: DE), Dell
(Nasdaq: DELL) Hewlett Packard (NYSE: HPQ), Target
(NYSE: TGT) and Wal-Mart (NYSE: WMT). To see more earnings
analysis, visit http://at.zacks.com/?id=3207.
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Retailers Take Their Turn
The second quarter earnings season is almost over. Mostly we are
down to the retailers, many of which have fiscal quarters ending in
July, not June, but there are a few significant non-retailers that
will report this week as well. There will be just 187 firms
reporting, but 26 of those are in the S&P 500.
By next Friday afternoon, almost 95% of the S&P 500 will
have reported. So far, earnings season has been very strong with
seven S&P 500 firms reporting positive surprises for every two
that have disappointed. The firms reporting next week include:
Deere (NYSE: DE), Dell (Nasdaq: DELL), Hewlett
Packard (NYSE: HPQ), Target (NYSE: TGT) and
Wal-Mart (NYSE: WMT).
In addition, it will be a relatively heavy week for economic
data. We get key housing data in the form of housing starts and
Building Permits, as well as the Homebuilders index and Existing
Home Sales. We also learn what inflation was in July at both the
Producer and Consumer levels. We will also get the data on
Industrial Production and Capacity Utilization. Any of those
numbers have the potential to significantly impact the market if
they come in substantially different than expected.
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
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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
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Since 1988, Zacks Rank #5 stocks have significantly underperformed
the S&P 500 (+3% 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
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Email: pr@zacks.com
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SOURCE Zacks Investment Research, Inc.