Editor’s note: This article was first published in January 2013. It was written on 15 January 2013 about the Q4 2012 earnings season, so ‘tomorrow, Wednesday’ means 16 January 2013, and the Apple price of $485 is from that date.
Over the next two weeks, the big names in the S&P 500 report their results. The stocks most likely to move the market with their numbers are probably Goldman Sachs and JP Morgan, which report tomorrow, Wednesday, after the close, followed by the other banking giant, Bank of America, on Thursday. Citigroup, American Express and Morgan Stanley will be reporting too…
Bespoke Investment Group has put together an earnings calendar for the season, and it makes clear that the next 15 days will decide where the US market goes, with every other stock market keeping a close eye on many of these results.
The same group has also drawn up a list of 12 stocks that usually report better-than-expected results. The ones most likely to beat expectations again are United Technologies, followed by Union Pacific, Johnson & Johnson and UnitedHealth.
Apple is on the list too, but I’d be careful there: Apple has just fallen below $500 a share, and if it disappoints the market even slightly… who knows what could happen. On the other hand, if Apple’s results came in much better than expected, buying at $485 (the current price) would without a doubt be an excellent investment opportunity.
The rest of the list is made up of other stocks with good expectations heading into their earnings reports.
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