Rio Tinto (GBp 3533 ; 6.7% ; RIO ; RIO.L)
On Tuesday, Rio Tinto is expected to report FY pretax income of £15.3B, up from £13.3B a year earlier. Last Thursday, the mining company announced it has completed the acquisition of 100% of Canadian uranium prospector Hathor Exploration for C$654M. From a technical perspective, the stock remains well positively oriented following the upside breakout of its former resistance at 3,400p. Hence, further advance is more likely to 3,655p, and even to 3,800 as possible.
ASML Holding (EUR 32.615 ; 0.66% ; ASML ; ASML.AS)
Wednesday, ASML Holding could unveil 4Q net income of E226M, down from E407M in 4Q10 on sales of E1.13B, vs E1.52B a year earlier. The stock is currently rated "overweight" at JPMorgan and "buy" at Banco Santander. Technically, the stock is now challenging its key resistance at E33, representing its historical high. Therefore, a ST consolidation cannot be ruled out before further upsides to E34.5.
African Barrick Gold (GBp 455.5 ; 1.7% ; ABG ; ABG.L)
On the same day, African Barrick Gold may release a 4Q pre-tax profit of £70.3M vs £66.4M a year ago. Last month, the gold producer agreed with the Tanzanian government to an increase in gold exports royalties to 4% from 3% and on a new royalty calculation formula. Graphically, the share price recently broke above its 20D MA, which should call for a ST technical rebound to 490p in sight.
Google (USD 624.99 ; -3.85% ; GOOG ; GOOG.O)
Thursday, Google could post 4Q EPS of $10.5, up from $7.81 a year earlier on sales of $8.41B, almost in line YoY. Recently, the multinational Internet and software company appointed Diane Greene, a co-founder of VMware, to its board of directors and to its audit committee. From a technical point of view, the stock corrected sharply on the downside last week, and should test the 50D MA's support in sight, if breakout, look for a new pullback to $595.
Bank of America (USD 6.61 ; 6.96% ; BAC ; BAC.N)
Also on Thursday, Bank of America is expected to release a 4Q EPS of $0.13 vs a $0.16 LPS last year and operating income of $2.63B vs operating loss $1.1B. Last month, the banking group settled a probe of Countrywide with the US Department of Justice for $335M. Graphically, the stock is well on the upside, supported by its rising 10-day & 20-day moving averages. As long as 6.00 is not broken, expect a new rise towards 7.40.
Selection of those events which may affect the stock prices of international Large Caps