Frankie since you still haven't answered the question regarding which companies will disappoint with their earnings and you claim this is the reason the markets will be down this week , please go on record and state which companies will be under analysts estimates and as you said "shock the market". here is the list.
Tuesday: Dow component Johnson & Johnson is expected to report earnings of 92 cents per share Tuesday morning, versus a profit of 88 cents per share a year ago, according to analysts surveyed by Thomson Reuters.
After the market close, Dow component IBM is expected to report earnings of $3.03 per share, versus $2.80 per share a year ago.
Wednesday: United Technologies, another Dow component, is expected to have earned $1.22 per share, up from $1.08 a share a year ago.
Apple reports quarterly earnings after the market close. The tech leader is expected to have earned $1.38 a share versus a profit of $1.76 per share a year ago.
Also reporting after the close is eBay. The online auctioneer is expected to have earned 40 cents a share versus 45 cents a share a year ago.
Thursday: Google is expected to report a profit of $4.96 per share Thursday evening, up from $4.43 a share a year ago.
Microsoft also reports results after the bell. The software giant is expected to have earned 50 cents per share, unchanged from the same period last year.
Friday: General Electric, a Dow component, reports quarterly results Friday morning. GE is expected to have earned 37 cents per share versus 68 cents a share a year ago.
Im prepared to say GE could disappoint even after against a heavily discounted EPS for this qtr. Otherwise i don't see any major surprises.
