IBM (USD 131.78 ; 0.71% ; IBM ; IBM.N)
Tuesday, IBM is expected to release 4Q EPS of appx. $3.5 compared to $3.28 a year earlier on sales of $27bln, unchanged YoY. Last week, Sony Corp decided to outsource a part of the human resources and accounting operation services in Japan to the Co's Japanese unit. Besides, IBM signed a 5yr business transformation agreement with UTV Software Communications in India. Technically, the stock remains well positively oriented above its ascending 50D MA ($128.5). The stock price should test its $133 resistance at first before a further up move towards $140 in the coming weeks.
ConocoPhillips (USD 53.02 ; -0.45% ; COP ; COP.N)
On Wednesday, ConocoPhillips, the US international, integrated energy giant, could report 4Q EPS of $1.2 compared with $1.29 a year ago. Recently, the Wall Street Journal said the Co and Abu Dhabi could face delays on a $12bln sour gas project in the sheikdom. From a technical point of view, the stock price continued to consolidate within its trading range between $50 and $54. As long as $51.6 holds on the downside, a test of the upper boundary of the trading range seems likely in the next weeks.
Bank of America (USD 16.26 ; -3.1% ; BAC ; BAC.N)
The same day, Bank of America may announce another 4Q LPS. Last Friday, the bank said net charge-offs in December rose to 13.53% YoY. A few days ago, BofA announced to cut the cash component of investment bankers' bonuses to about 15%. The Co's price target was raised to $21 ("outperform") from $17 ("neutral") at Credit Suisse. Graphically, the stock is consolidating above the $16 threshold. Since the short-term moving average have started to reverse up, a further rebound seems likely to $17.35 then $18.
Google (USD 580 ; -3.66% ; GOOG ; GOOG.O)
Thursday, Google is expected to deliver 4Q EPS of $6.43 compared with $4.41 a year earlier on sales of $4.9bln vs $5.7bln. Last week, the Co threatened to pull out of China following a cyber attack. Separately, the Co's Nexus One sales may have been 20,000 units in its first week of sales, according to BGR website. Technically, the shares retraced last week to the 50D MA. However, the bias remains bullish on the medium-term view as long as $570 holds with a possible retest of its last high at $629.
General Electric (USD 16.44 ; -0.96% ; GE ; GE.N)
On Friday, General Electric, the conglomerate, could unveil 4Q EPS of $0.26 vs $0.50 a year ago on sales of appx. $40bln vs $46.2bln. Earlier, the Co signed contracts to supply machines to HECIC New Energy for three projects in China. The Co's price target was increased to $22 from $20 at JPMorgan with an "overweight" rating unchanged. From a chartist view, the rising 20D and 50D moving averages as well as strong support at $15 should allow for further upside to $17.5 at first.
Selection of those events which may affect the stock prices of international Large Caps