BY Billy Fisher:
Contributor, Stock Traders Daily
Real Time Trading Reports: Included are detailed trading reports designed to help investors realize opportunities in these companies as earnings are released. The reports are linked to the stock symbols in the article below. Performance - Click Here
(La Jolla, CA) With earnings season in full swing, trading opportunities are readily abundant in a wide array of sectors in the stock market. A host of companies are set to report their earnings on Thursday. Here are four in particular that traders should watch.
Kindling for the Fire
On Thursday after the market close, Amazon (Nasdaq: AMZN) is expected to post a big Q3. The consensus is that the online retailer will announce EPS growth of 22.2% on a 17.8% rise in sales versus the company’s year-ago quarter. Amazon has topped analyst estimates in each of the last four quarters.
It will be interesting to see how much visibility can be gleaned from the company’s release as to how its Kindle wireless reading devices have been driving sales growth. Amazon recently dropped the price of its best-selling Kindle to $259 and introduced a new Kindle with U.S. and international wireless. In another move to spur future growth, the company added a same-day shipping option in seven major U.S. cities last week. Traders looking to play Amazon may still want to check out our free AMZN trading report for supplemental guidance.
Healthy Dividends
Shares of Bristol-Myers Squibb (NYSE:
BMY) are at a new 52-week high as the drug maker
prepares to announce its Q3 results on Thursday morning.
Investors that own BMY currently are enjoying a 5.4%
dividend yield and analysts are expecting the c
ompany
to check in with EPS growth of 10.9% on a 4.7% increase
sales when compared to the prior year.
In Q2, Bristol continued to experience positive results out of its biopharmaceuticals segment with sales up 4% over the same period in 2008. Plavix and Abilify both chalked up double-digit revenue gains and the company announced the acquisition of Medarex, a company that focuses on the development of antibody-based therapeutics. Traders looking to go long or short BMY ahead of earnings can benefit from reviewing our free BMY trading report.
Consumer Plays
Chipotle Mexican Grill (NYSE: CMG) and Philip Morris International (NYSE: PM) are two notable performers in the consumer space that will also report their quarterly earnings on Thursday. Year-to-date, CMG and PM have seen their stock prices run up 47.8% and 18.5% respectively. Analysts are expecting Chipotle to report EPS growth of 47.5% on a 14.2% improvement in quarterly sales. These metrics are expected to tick down slightly at Philip Morris International.
CMG is coming off of a strong Q2 in which profits rose by 45% thanks to new store openings and increased menu prices. PM’s results were hindered by a stronger dollar although the tobacco company still topped analysts’ expectations and upped its full year earnings guidance. Traders looking to bet on the quarterly results of either of these companies should review our free CMG and free PM trading reports prior to making a trade.
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