Ahead of Earnings: C, SCHW, UAUA, IIVI, ZIGO
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January 18, 2010
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. The reports are linked to the stock symbols in the article below.
(La Jolla, CA) Looking ahead to next week, the corporate earnings season will really begin to heat up. A slew of companies will be reporting their quarterly results on Tuesday. Here are a few of the more interesting names to look out for as their numbers come in.
The Financial Service Rollercoaster
Before the opening bell on Tuesday, Citigroup (NYSE: C) is slated to release its Q4 results. The company may report a loss, but it is beginning to right its ship. Analysts are predicting that the financial services giant will announce EPS of -$0.33 compared to EPS of -$2.44 in the year ago quarter. Sales are projected to spike 229.4%.
After returning -43.3%, -73.4% and -50.5% in 2007, 2008, and 2009, shares of Citi are finally heading back in the right direction. Year-to-date Citi has seen its stock price rise 6.3%. The company’s Securities and Banking and Global Transaction Services business segments had a good fiscal year going, through Q3. Now we will have to see how they finish the year out. Traders looking to place bets on this stock can benefit from reviewing our free C trading report.
The brokerage firm Charles Schwab (Nasdaq: SCHW) is also expected to announce its quarterly results on Tuesday. Wall Street is expecting EPS to drop 44.4% on a year-over-year basis with total revenue declining 22.6%. Shares of SCHW were up 17.9% last year and are currently trading close to their 52-week high. Whether you think shares of Schwab are going higher or lower, our free SCHW trading report can help guide you in making any buy or sell decisions.
Gaining Altitude
Sales are also expected to fall at UAL Corp. (Nasdaq: UAUA) when the airline reports its Q4 results. Analysts are projecting a 10.2% slide in sales and a loss of $1.47 per share. This downward trend did not stop investors from pushing shares of UAL up 17.2% last year. This is another stock trading near its 52-week high.
In Q3, the company checked in with an operating profit of $123 million. And in an attempt to strengthen its cash position, UAL recently raised $700 million through two secured debt offerings. The volatility in this stock should continue to present opportunities for day traders. If you are looking to play this stock going into earnings, be sure to check out our free UAUA trading report.
The stock price of the industrial and military components company II-VI (Nasdaq: IIVI) had a monster year last year as it stormed up the charts to the tune of 66.6%. The company isn’t wasting anytime in making headlines in 2010. It has already boosted its FY 2010 revenue guidance and has also made an offer to acquire Zygo (Nasdaq: ZIGO), a fiber optic company. Traders look to trade this stock ahead of the company’s Tuesday earnings announcement can profit from putting our free IIVI trading report into practice.
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