Apple (USD 348.48 ; 3.68% ; AAPL ; AAPL.O)
On Tuesday, Apple is expected to release 1Q EPS of $5.4 compared to $3.67 a year earlier on sales of $24.4bln vs $15.7bln. Recently, the Co could launch sales of the IPad 2 early this April, according to MacNotes' report. From a technical point of view, the stock remains well positively oriented, backed by a bullish trend line. The rising 20D & 50D MAs also maintain the bullish bias on both ST & MT views. Above $330, look for a new bounce to $365 in the forthcoming days.
IBM (USD 150 ; 1.4% ; IBM ; IBM.N)
The same day, IBM reports its 4Q results. Adjusted EPS is expected to be around $4.1 compared to $3.6 on sales of $28.2bln vs $27.2bln. Last week, the Co and Samsung agreed to expand their partnership to jointly develop new semiconductor process technology through the Semiconductor Research Alliance. From a chartist view, the stock has formed a solid support base around $145-$147 and is now challenging its ST resistance at $150. Hence, further upsides are more likely to $157 and $165 after a ST consolidation.
Goldman Sachs (USD 175 ; 2.53% ; GS ; GS.N)
On Wednesday, Goldman Sachs, the US global investment banking and securities firm, could deliver 4Q EPS of around $3.8 compared with $8.2 a year ago. Earlier, the stock was downgraded to "neutral" from "overweight" at JPMorgan. Last Friday, JPMorgan posted 4Q net income of $4.8bln (+47% YoY) or $1.12 per share compared $0.74 for the 4Q of 2009 and a consensus of appx. $1.0. Technically, the stock is heading on the upside above an ascending trend line. As long as $166 is not broken down, the stock price is expected to challenge $180 at first and then to $186.
Google (USD 624.18 ; 1.26% ; GOOG ; GOOG.O)
Thursday, Google, the US IT giant, could unveil 4Q EPS of appx. $8 compared to $6.1 a year ago on sales of $6bln vs $6.7bln. Recently, the Co acquired eBook Technologies Inc at undisclosed price to deliver richer reading experiences on tablets, electronic readers and other portable devices. Graphically, the stock price is now very close to its key resistance level at $630 and a test should be in sight. The upside breakout of this threshold will probably call for further advance towards $675.
General Electric (USD 18.8175 ; 2.1% ; GE ; GE.N)
On Friday, General Electric, a diversified technology, media and financial services company, may post 4Q EPS of $0.31, in line with last year on sales of around $40bln vs $41.3bln. Last week, the Co announced the terms of a recommended cash offer by its unit, GE Austria to acquire Wellstream Holdings. Besides, the Co could also consider purchasing Lineage Power Holdings in a deal worth $520m, according LA Times' report. Technically, the stock is bullish above its rising 20D MA and should test its resistance at $19.50 in sight before any further upsides towards $20.5.
Selection of those events which may affect the stock prices of international Large Caps