Last quarter the soft drink maker reported earnings results that were only $.01 above Wall Street’s consensus estimates.
Several earnings reports that will come out this week could provide investors with early indications of the health of their sectors.
If a reduced Nook price point fails to stem market share losses, BKS shares look set to tumble further in 2010.
Investors should take notice of these earning calls this week for any data they may provide to justify a bull rally.
Nike’s stock price has been climbing ahead of next week’s earnings report.
Investors are lowering their expectations ahead of Walgreen’s quarterly earnings results.
Amazon shares could see a nice jump when the ecommerce stock reports their first quarter 2010 results.
While Costco appears to be seeing improvement in their operating margins, we feel that severe weather that blanketed much of the nation over the last few weeks could limit any upside surprise.
Amazon has established itself as the face of ecommerce and has delivered impressive growth despite the severe economic recession.
While an improving economic environment is certainly a positive for eBay, investors have to be concerned about the eBay’s competitive positioning versus Amazon.