Earnings Outlook: Will Big Returns Continue for Tech Titans?

As Derek Hoffman noted in his review of key earnings reports from last week, we saw quarterly earnings releases from Big Tech names such as Intel (NASDAQ: INTC), Google (NASDAQ: GOOG), and IBM (NYSE: IBM). These releases sparked some rallies (i.e. INTC, GOOG), and had quite the opposite effect on others (i.e. IBM).  Nonetheless, with perhaps the exception of financials, Big Tech names might be able to move the major indices more than any other sector.

This week the hits will keep on coming each day as we see the earnings release of yet another tech bellwether.  So, without further ado, here is a rundown of who is reporting this week and what you should expect:

Monday: Apple Inc. (NASDAQ: AAPL)

Apple has run up nearly non-stop since the March lows. This Wall Street darling has unquestionably been among the leaders of the post-panic market resurgence.  However, it has actually stalled since about October 5, priming the stock for a potential surge in buying (or selling) pressure when it reports Monday after the close. [Update: AAPL was up 6.6% after reporting excellent sales numbers.]

Current High/Mean/Low Estimates: 1.72 / 1.42 / 1.24.

AAPL

AAPL

Tuesday: Yahoo! Inc. (NASDAQ: YHOO)

Yahoo!’s new hard-nosed femme fatale CEO Carol Bartz took up the job promising to revive the company’s slowly dying brand as well as it’s Jerry-Yang–diminished market cap.  But if you checked the stock on September 1, you wouldn’t have seen much of a bounce off the March lows.  However, the stock has popped since then, closing Friday at 16.81.  We’ll see Tuesday after the bell if GOOG’s beat bodes well for Yahoo! or if the company has fallen even further behind the search giant.

High/Mean/Low: .10 / .069 / .03

YHOO

YHOO

Wednesday: eBay Inc. (NASDAQ: EBAY)

eBay has benefited from an ~150% move off it’s March lows. The auction giant has been trading fairly strongly over the past couple months as investors seem to have welcomed the sale of it’s long-troubled Skype acquisition.  Further, some on the Street are expecting the company to report revenue growth for the first time in a year.  We’ll see if the strong trend continues Wednesday after the bell.

High/Low/Mean: .40 / .367 / .35

EBAY

EBAY

Thursday: Amazon.com Inc. (NASDAQ: AMZN)

Amazon has seen perhaps the strongest trading over the past few months of any of the companies mentioned herein.  Growth in consumer sentiment combined with expectations of a stronger Christmas season have propelled the stock up 23% since just September 4.  The stock also broke through intermediate/long-term resistance at around the 90-level, and could be poised for a big move (up or down) this Thursday after the bell.

High/Mean/Low: .37 / .327 / .27

AMZN

AMZN

Friday: Microsoft Corporation (NASDAQ: MSFT)

Finally, Friday will see the report of perhaps the biggest company in all of Big Tech Land: Microsoft.  While CEO Steve Ballmer’s comments this past Friday regarding the “New Normal” did little to embolden investors, the stock finished up nicely for the week closing just 21 cents short of it’s 52-week high at 26.50.  The Street is hoping for a strong report before the bell on Friday. Such good news would likely propel the market to a strong finish for the week and perhaps a strong open next week.

High/Mean/Low: .39 / .322 / .25

MSFT

MSFT

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Want more Earnings News? Try these posts:

Is the Future Fertile for Agriculture Stocks?

Forget Earnings this Week and Read the Fine Print: The Proof of a Recovery Lies in the Revenues

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