5 Reasons Not to Worry This Weekhttp://www.fool.com/investing/general/2013/02/04/5-reasons-not-to-worry-this-week-18.aspx Rick Aristotle Munarriz
February 4, 2013
It's not a perfect world out there for investors, but things may be starting to get better.
I recently went over some of the companies that are expected to post lower quarterly profits when they report this week. Thankfully, they're the exceptions and not the rule.
Let's go over some publicly traded companies that are expected to stand tall this week by posting year-over-year improvement on the bottom line.
Clearing the table
Despite the headwinds, analysts are still holding out for healthy growth when Baidu reports tonight. The dot-com speedster is expected to come through with a 40% spike in earnings. Skeptics will counter that Wall Street is being generous, but history isn't on the side of the naysayers here. Baidu has beaten analyst estimates in each of the past 15 quarters.
We're still early in 2013, but Pacific Biosciences of California has been on a tear this year. After several rough years, the DNA sequencing specialist is trading 48% higher year to date. PacBio was trading even higher last month after the FDA announced a new study based on the company's sequencing technology.
Pacific Biosciences is still losing money, but it's expected to post a slightly narrower deficit when it reports tomorrow.
Sirius XM reports tomorrow morning.The satellite radio provider has no problem attracting a crowd. Sirius XM is routinely one of Nasdaq's most actively traded stocks by share volume. It's also a magnet for naysayers, and as of mid-January Sirius XM had its highest level of shares sold short since 2011.
Sirius XM did report some of its metrics