BG Group (GBp 1429 ; 2% ; BG/ ; BG.L)
On Tuesday, BG Group is expected to release FY pre-tax profit of around $6.8bln compared to $6bln a year ago. Recently, the Co temporarily suspended drilling operations in Egypt due to civil unrest. Earlier, the stock was rated "buy" with a price target of 1,600p at Citigroup. From a technical view, the stock remains well positively oriented, backed by its rising 20D MA. Above 1350p, the continuation of the current rebound is more likely towards 1560p.
UBS (CHF 17.48 ; 3.25% ; UBSN ; UBSN.VX)
The same day, UBS will unveil its FY results, before market open. The net income could reach SF7bln compared with a loss of SF2.7bln last year. Last week, the Co planned to delay its annual employee bonuses payments, according to CNBC's report. Early this month, the Co's price target was cut to SF19 from SF20 ("hold" rating unchanged) at Commerzbank. Technically, the stock price penetrated on the upside from a ST declining trend line, but is still below a MT key level at 18.50. A test of 18.50 is expected in the coming days before any further upsides.
Sanofi-Aventis (EUR 50.65 ; 1.55% ; SAN ; SASY.PA)
On Wednesday, Sanofi-Aventis may deliver FY net income of appx. E9.2bln compared to E5.3bln a year ago on revenues of E30.4bln vs E29.3bln. WSJ reported the Co and Genzyme might conclude an acquisition deal this week in which Sanofi would pay for Genzyme about $74 a share in cash, or about $19bln in total, and Genzyme investors would receive a contingent value right entitling them to additional payments in the future if the Co meets certain sales goals. Graphically, the price remains supported by a bullish trend line and should test E51.8 in sight before further rise to E53.75.
Cisco Systems (USD 22.05 ; 5.35% ; CSCO ; CSCO.O)
On the same day, in the US, Cisco Systems is expected to announce 2Q EPS of $0.35 compared to $0.33 a year ago on sales of $10.2bln vs $9.8bln. Last week, the Co announced its intent to acquire Inlet Technologies, a provider of Adaptive Bit Rate digital media processing platforms, for $95m. From a technical point of view, the stock is steadily moving up above its ascending 20D MA. As long as $21.3 holds on the downside, a further bounce should be in sight to $23 and $23.8 in extension.
Rio Tinto (GBp 4497 ; 5.07% ; RIO ; RIO.L)
On Thursday, Rio Tinto may post FY pre-tax profit of around $21bln compared with $7.9bln a year ago. Last month, the Co reported 4Q output of 50.1m tonnes of iron ore (+6% YoY), 2.3m tonnes of hard coking coal (+8% YoY, -6% QoQ), 185k tonnes of mined copper (-9% YoY) and 99.5k tonnes of refined copper (-6% YoY). From a chartist view, both the ST & MT remain bullish on the stock. The shares should challenge its next resistance around 4625p with targets at 5000p and 5355p.
Selection of those events which may affect the stock prices of international Large Caps