On Friday’s Mad Money program, host Jim Cramer highlighted 7 key earnings reports this week that investors should pay attention to.
Investors are expecting a strong quarter from IBM with double-digit earnings growth anticipated.
Following strong earnings results by IBM and Intel, Wall Street appears to be increasingly confident that Microsoft will also deliver better than expected quarterly results.
Investors should be encouraged that IBM’s management team is openly optimistic that these strong earnings performances will continue this quarter and into 2010.
While sales of Dell computers have been significantly impacted by the economic recession, we believe that IT spending is beginning to show signs of improvement.
So now all eyes are focused on the twelve Dow stocks that report earnings this week. Should we expect more strong results or are these stocks going to deliver earnings misses that will sink the market? Here are exclusive earnings previews of these Dow stocks second quarter results:
Our conviction remains that revenue declines bottomed in the first quarter of this year and we expect to see improvements beginning with IBM’s second quarter results.
Despite the weak global PC market, we expect that Hewlett Packard will report quarterly results that are at the top end of their conservative guidance range.
The network equipment vendor has a strong track record of exceeding Wall Street’s consensus estimates and we feel that they should be able to do so again this quarter.
Based on our analysis, we are expecting IBM to report inline results that meet Wall Street’s consensus expectations.
