Big Earnings, Economic Data on Tap Thursday

Andrew Klips |

Wall Street Stock MarketThe S&P 500 is on track to post its best January since 1989 with gains of 5.31 percent, or 75.77 points, as of Wednesday’s close. 202 companies in the benchmark index have reported earnings so far, with more than three-quarters of those companies topping profit expectations of analysts.

Nasdaq 100 member Facebook (FB) bounced around like a superball in extended trading on Wednesday, going from gaining ground to deep in the red before finally settling down by 4.2 percent. Investors will be looking at more volatility today as daytraders get their hands on the company after reporting a 79 percent drop in fourth-quarter profit Wednesday afternoon.

Also in the spotlight today will be the Labor Department’s weekly report on initial jobless claims and personal income and outlays from December. Economists are expecting first-time claims to climb to a seasonally adjusted 353,000 from 330,000 in the previous week. Regarding consumer’s cash, economists are calling-for an increase of 0.2 percent in spending and a 0.9 percent rise in incomes.

Back to the S&P 500, investors will be digesting earnings reports from another 38 members of the index on Thursday. The most closely watched will be Mastercard Inc. (MC), with analysts expected EPS of $4.80; PulteGroup Inc. (PHM), with expectations of 31 cents EPS; Colgate-Palmolive (CL), with projections of $1.40 EPS; and Whirlpool Corp. (WHR), with analysts anticipating $2.23 EPS.

Additionally, a few other big names reporting on Thursday will be (EPS estimates are final figure):

1-800-Flowers.Com Inc. (FLWS) - $0.24
*Aetna Inc. (AET) - $0.96
*Dow Chemical Co. (DOW) - $0.34
hhgregg Inc. (HGG) - $0.52
Landstar Systems Inc. (LSTR) - $0.67
*Ryder Systems Inc. (R) – $1.10
*Nasdaq OMX Group Inc. (NDAQ) - $0.61
*Sherwin-Williams Co. (SHW) - $1.16
*Time Warner Cable Inc. (TWC) - $1.55
Under Armor Inc. (UA) - $0.46
*Viacom Inc. (VIAB) - $0.90
*Wynn Resorts Ltd. (WYNN) - $1.25

*Denotes S&P 500 company

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
AET Aetna Inc. 111.25 0.32 0.29 2,409,614
BOBE Bob Evans Farms Inc. 40.50 0.01 0.02 112,457
CL Colgate-Palmolive Company 70.92 0.00 0.00 3,633,052
FB Facebook Inc. 132.07 2.07 1.59 19,088,794
HGG HHGregg Inc. (IN) 1.75 -0.02 -1.13 34,086
LSTR Landstar System Inc. 70.65 0.75 1.07 651,825
MC Moelis & Company Class A 25.10 0.35 1.41 45,787
NDAQ Nasdaq Inc. 66.18 0.45 0.68 620,339
PHM PulteGroup Inc. 19.06 -0.14 -0.73 5,865,101
SHW Sherwin-Williams Company (The) 277.14 1.31 0.47 736,093
TWC Time Warner Cable Inc n/a n/a n/a 0
VIAB Viacom Inc. 37.51 1.01 2.77 7,257,413
WHR Whirlpool Corporation 167.18 1.11 0.67 892,556


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