Will The Dow Breakout or Breakdown This Week?

Posted by on January 23, 2017 1:02 pm
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It is all about earnings. Well, kind of. A prudent analyst, as yours truly, would argue that today’s valuations levels are stretched to the max. Any disappointment here, any at all, can and should be fatal for the market. Any upside revision shouldn’t matter very much.

But who knows, we live in interesting times.  Maybe everyone beats, raises guidance and the Dow soars to 50K. Perhaps it will all come down to these Dow companies reporting this week.

Monday:

McDonald’s Corp. (MCD) will share its most recent quarterly results on Monday. The consensus estimates call for earnings per share (EPS) of $1.41 and $5.99 billion in revenue. Shares traded at $122.26 at the close on Friday, in a 52-week trading range of $110.33 to $131.96. The stock has a consensus analyst price target of $128.52.

Tuesday: 

On Tuesday, E.I. du Pont de Nemours and Co. (DD) is scheduled to reveal its fourth-quarter results. The consensus estimates call for $0.42 in EPS, as well as $5.29 billion in revenue. Shares were trading at $73.03 on Friday’s close. The consensus price target is $78.07. The stock has a 52-week range of $50.71 to $75.86.

Fourth-quarter results from Johnson & Johnson (JNJ) also are due on Tuesday. The analysts’ consensus estimates call for EPS of $1.56 and $18.26 billion in revenue. Shares were changing hands at $114.15 on Friday’s close. The consensus price target is $125.05, and the 52-week range is $95.95 to $126.07.

Travelers Companies Inc. (TRV) is expected to report its fourth-quarter results on Tuesday. The consensus analyst estimates are $2.78 in EPS and revenue of $6.02 billion. Shares closed at $118.02 on Friday. The consensus price target is $121.25. The 52-week trading range is $101.55 to $123.09.

Look for Verizon Communications Inc. (VZ) to share its latest quarterly earnings on Tuesday as well. The consensus estimates are $0.90 in EPS and $32.11 billion in revenue. Shares traded at $52.72 as Friday’s session ended, in a 52-week range of $46.00 to $56.95. The consensus price target is $53.27.

Wednesday: 

On Wednesday, Boeing Co. (BA) is expected to report its fourth-quarter results. The consensus analyst estimates are $2.35 in EPS and revenue of $23.19 billion. Shares closed at $159.53 on Friday. The consensus price target is $161.70. The 52-week trading range is $102.10 to $160.30.

Thursday:

Caterpillar Inc. (CAT) is scheduled to reveal its most recent quarterly results on Thursday. The consensus estimates call for $0.66 in EPS and $9.84 billion in revenue. Shares were trading at $94.58 on Friday’s close. The consensus price target is $90.07. The stock has a 52-week range of $57.46 to $97.40.

Fourth-quarter results from Intel Corp. (INTC) also are due on Thursday. The analysts’ consensus estimates call for EPS of $0.74 and $15.75 billion in revenue. Shares were changing hands at $36.94 on Friday’s close. The consensus price target is $40.09, and the 52-week range is $27.68 to $38.36.

Friday: 

At the end of the week, Chevron Corp. (CVX) is set to reveal its fourth-quarter results. The consensus estimates call for $o.66 in EPS, as well as $33.76 billion in revenue. Shares were trading at $115.60 on Friday’s close. The consensus price target is $124.46. The stock has a 52-week range of $79.85 to $119.00.

Good luck everyone !!!

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