Every Friday, I look at seven companies that are projected to post year-over-year dips in quarterly profitability the following week.
However, there are so many companies reporting earnings next week -- it is earnings season, after all -- that I found myself with a lot more than just seven major companies targeted to take steps back on the bottom line next week.
Scared yet?
Here are seven more market bellwethers that are going to be naughty, even though their stocks have mostly climbed higher lately:
|
Company |
Latest Quarter's EPS (Estimated) |
Year-Ago Quarter's EPS |
|---|---|---|
|
Texas Instruments (NYSE:TXN) |
$0.39 |
$0.43 |
|
Caterpillar (NYSE:CAT) |
$0.07 |
$1.39 |
|
Pfizer (NYSE:PFE) |
$0.48 |
$0.62 |
|
BB&T (NYSE:BBT) |
$0.22 |
$0.64 |
|
3M (NYSE:MMM) |
$1.17 |
$1.42 |
|
American Express (NYSE:AXP) |
$0.36 |
$0.74 |
|
Schlumberger (NYSE:SLB) |
$0.63 |
$1.25 |
Source: Yahoo! Finance.
These are some pretty heavy hitters targeted to take a step back next week. 3M's a leader in innovation, but when tough economic times get stickier than a Post-it Note with some extra Scotch tape, even great companies can't always march forward with higher earnings. And check out Pfizer's projected decline. I remember when pharmaceutical giants were the epitome of "all-weather" investing.
There is bound to be plenty of good news too, but keep an eye on these market-moving stocks. Along with the other stocks I singled out earlier, there are way too many opportunities for heartbreak next week.
