|
|
Enron Mail |
The Week Ahead For The Week Of June 4th-8th
This Week: Focus: Earnings Warnings 1. Introduction 2. Earnings Releases 3. Economic Releases 4. Stock Splits 5. Initial Public Offerings 6. Disclaimer ***********************Our Sponsor************************* Al Frank's 31 Favorite Stocks +31.6% YTD! 10 New Buys Value investing legend Al Frank is profiting handsomely in 2001. Grandslams include VISX +91.9%, SEM +90.4%, and many more! He just revealed his 10 top favorites to buy today, all undervalued by 50+% and ready to roar! Get your FREE trial: http://www.investools.com/c/go/PRUD/WSCE-prudTK5?s=S601 *********************************************************** The Week Ahead: Focus: Earnings Warnings 1. Introduction Next week the equity markets will have little to focus on in the way of economic data and corporate earnings releases. As a result, earnings warnings will take on added significance in determining market direction in the coming week. The Federal Reserve will closely monitor these warnings, attempting to distinguish the recrement from hard data that the central bank will employ to decide its monetary policy at month end. The Week Ahead is just another of the many great reasons to subscribe to WallStreetCity.com. Besides incisive industry group analysis and enlightening stock analysis, you also get access to the world's most powerful stock screening tool on the planet, ProSearch - all in one subcription package. We even give you a 30-day FREE trial to this service so you can be sure it suits you, so give us a try. Click below to take a 30-day FREE trial. http://clyde.investools.com/T/A28.146.322.1.113719 ____________________________________________________________ 2. Earnings Releases Talk about a slow week for earnings! Next week, only a handful of companies are set to report earnings. Of those, Comverse Technology {CMVT} is the only one worthy of any special notice because the company is a leader in the communications equipment industry and it continues to grow rapidly. According to analysts, Comverse should earn $0.42 a share in its latest quarter versus $0.33 a share for the same time period one year ago. Investors should note that the projected annual earnings growth of 28 percent for Comverse comes at a time when most other technology companies have reported earnings in the latest quarter that were lower than the previous year. To view the entire slate of earnings releases next week, click on the link below. In addition, investors may want to listen to the conference calls that accompany a company's earnings release. For a list of conference calls for next week, click on the link after the earnings release link. http://clyde.investools.com/T/A28.146.322.2.113719 http://clyde.investools.com/T/A28.146.322.3.113719 To view more detailed information on The Week Ahead, click the link below and then click on The Week Ahead column. http://clyde.investools.com/T/A28.146.322.4.113719 ____________________________________________________________ 3. Economic Releases Next week's economic calendar is fairly light, with nonfarm productivity, unit labor costs, factory orders, and the National Association of Purchasing Management's (NAPM) non-manufacturing index commencing the week's major economic data on Tuesday the 5th. Market consensus is calling for nonfarm productivity to have dropped 0.7 percent in its final revision of the first quarter, off from its prior estimate of a 0.1 percent decline, while unit labor costs are expected to have increased 6 percent in their final revision of the quarter, up from their prior showing of 5.2 percent. Factory orders for the month of April are forecasted to have fallen 2.7 percent, off sharply from a revised 1.4 percent increase in the previous month. The NAPM non-manufacturing index is predicted to have risen to 48.5 in May, up from a 47.1 index reading in April. An index posting below 50 indicates contracting business within the sector. Jobless claims, wholesale inventories, and U.S. consumer credit are all slated for release on Thursday the 7th, and close out the week's major economic data. Wholesale inventories are forecasted to have dropped 0.1 percent in April, off from a 0.1 percent increase in March. U.S. consumer credit is expected to have climbed to $8.6 billion in April, up from $6.2 billion in the previous month. To view a chart outlining the effects of this data on the financial markets click on the link below. http://clyde.investools.com/T/A28.146.322.5.113719 REPORT DATE TIME ------------------------------------------------------------ Nonfarm Productivity 6/05 8:30 a.m. EDT Unit Labor Costs 6/05 8:30 a.m. EDT Factory Orders 6/05 10:00 a.m. EDT NAPM Non-Manuf. 6/05 10:00 a.m. EDT Jobless Claims 6/07 8:30 a.m. EDT Wholesale Inventories 6/07 10:00 a.m. EDT Consumer Credit 6/07 3:00 a.m. EDT ------------------------------------------------------------- ____________________________________________________________ 4. Stock Splits For The Week Of June 4th Eight stocks are scheduled to beginning trading on split-adjusted basis on Monday: Cortech {CRTQ}, Genzyme {GENZ}, PerkinElmer {PKI}, Summit Bancorp {SBPA}, and Universal Health Services {UHS} will split 2-1; Cardinal Bankshares {CDBK} will split 3-1; Knight Transportation {KNGT} will split 3-2, and First Financial Bankshares {FFIN} will split 5-4. Stocks that are scheduled to split during the remainder of the week are listed in the table below. Company Ticker Split Ex-Dividend Date ---------------------------------------------------------- Columbia Sportswear COLM 3-2 6/5/01 Fair, Isaac & Company FIC 3-2 6/5/01 Whole Foods Market WFMI 2-1 6/5/01 Cross Timbers Oil XTO 3-2 6/6/01 ____________________________________________________________ 5. Initial Public Offerings Next week could be one the busiest weeks of the year for IPOs with five offerings tentatively scheduled to price. Unfortunately, this is not the year's best group of IPOs since each deal has negative characteristics that are likely to dampen the opening day returns. Typical of the group are Alliance Data Systems {proposed ticker "ADS"} and General Maritime {proposed ticker "GMR"}. ADS provides financial transaction services, a sector that has performed well this year with stocks such as eFunds {EFDS}, Concord EFS {CEFT}, and First Data Corp. {FDC} up 161, 22, and 15 percent, respectively. Alliance Data's allure, however, may be tarnished by its high dependency on the Limited {LTD}, which is experiencing a tough retail market, and the possible loss of a big customer. General Maritime operates a fleet of mid-size oil tankers and is a competitor of Teekay Shipping {TK}. TK has caught the eye of investors this year with a year-to-date return of 31 percent. A low valuation has contributed to much of Teekay's rise and, at its current proposed pricing range, GMR will be making its public debut at considerably higher multiples (P/E of 20-22 compared to 5 for TK). Details on all of the offerings tentatively scheduled to price next week is listed in the table below. Company Proposed Shares Proposed Ticker (millions) Price Range ------------------------------------------------------------ Alliance Data Systems ADS 13.0 12 - 14 General Maritime GMR 7.0 17 - 19 Torch Offshore TORC 5.0 14 - 16 Unilab Corporation ULAB 6.7 14 - 16 United Surgical Partners USPI 9.0 13 - 15 ***********************Our Sponsor************************* Fundamentals Always Prevail: These 14 Stocks Will Prove It Since 1994, Alvin Toral's yearly avg. gain is a whopping 64%. His secret? "Fundamentals always prevail": booming revenues & earnings, reasonable P/Es, strong cash flow. Now, he says "buy" to 14 fundamentally-solid stocks. Get this FREE Report: http://www.investools.com/c/go/PFUN/WSCE-pfunTB28?s=S601 *********************************************************** 6. Disclaimer WallStreetCity's The Week Ahead is published solely for informational purposes and is not a solicitation or an offer to buy or sell any stock, mutual fund or other security. The information obtained from internal and external sources is considered reliable, but has not been independently verified for accuracy and completeness. WallStreetCity, its employees, and/or officers and directors, may from time to time have a position in the securities mentioned and may sell or buy such securities. Trading involves risk, including possible loss of principle and other losses. Trading results may vary. No representations are being made that these techniques will result in or guarantee profits in trading. Past performance is no indication of future results. REMOVE ME FROM THIS FREE EMAIL LIST To be removed from the email distribution list for the FREE WallStreetCity's Industry Group Analysis Commentary, Stock Search of the Week Commentary, The Week Ahead Commentary and Updates simply click the link below and hit "Send" on the email that is launched. (Or copy and paste the email address below to a new outgoing email message and hit "Send" on the email that is launched). mailto:U-A28.146.113719@newsletter.wallstreetcity.com If you have tried unsubscribing in the past -- and believe that you received this message in error -- please send an email to mailto:yourfeedback@wallstreetcity.com to voice your concerns and be removed from the list.
|