Dell (USD 14.87 ; -1.26% ; DELL ; DELL.O)
On Tuesday, Dell is expected to post 2Q EPS of around $0.49 compared to $0.30 a year earlier on sales of $15.8B vs $15.5B. Recently, the Co planned to establish a global solution center in Chengdu, the central city of Western China. Earlier, Dell signed a definitive agreement to acquire Force10 Networks, Inc., a leader in high-performance data center networking. Technically, the stock has rebounded on the support around $13.30, but is approaching its resistance zone around $15-$15.50, which should limit the upside room and call for a new pullback.
Wal-Mart (USD 49.75 ; -2.16% ; WMT ; WMT.N)
The same day in the US, Wal-Mart Stores may announce 2Q EPS of nearly $1.1 compared with $0.97 a year ago on sales of $108.2B vs $103.7B. Early this month, the global retailing giant was said to be seeking again to acquire Carrefour's Brazilian unit, according to WSJ's report. Recently, the Co's price target was cut to $66 from $70 at Citigroup (the "buy" rating unchanged). From a technical view, the stock has broken below the key support threshold at $51.50, and should face new weaknesses towards $48.
Eurasian Natural Resources (GBp 625 ; -1.26% ; ENRC ; ENRC.L)
On Wednesday, in the UK, Eurasian Natural Resources Corp, a diversified international miner, is expected to release 1H pre-tax profit of appx. $1.7B vs $1.2B a year earlier. Recently, the Co delivered its 2Q11 production report: Volumes grew 0.8% YoY for total saleable ferroalloys and increased 3.2% for saleable ferrochrome. Volumes decreased by 4.8% YoY in iron ore extraction, and fell by 2.2% in primary concentrate production. Graphically, the stock price remains under pressure below its declining 20D MA. As long as 700p is resistance, look for a new pullback to 500p.
Holcim (CHF 48 ; -0.31% ; HOLN ; HOLN.VX)
Thursday, Holcim, a building materials provider, could report 2Q net income of E353M compared with around E400M a year ago on revenues of E5.5B vs E6.2B. Recently, the Co planned to sell as much as 7 billion pesos of debt in Mexico. The Co's price target was cut to SF57.7 vs SF71 at Goldman Sachs (the "neutral" rating unchanged). From a chartist view, the stock remains negatively oriented, but is technically "oversold". Therefore, the share price may post a ST rebound to 52 before new weaknesses.
Gap (USD 16.49 ; -1.55% ; GPS ; GPS.N)
On the same day, The Gap, Inc, the US specialty retailer, is expected to unveil 2Q EPS of $0.33 compared with $0.36 a year ago on sales of $3.37B, almost unchanged YoY. Early this month, the Co reported net sales for the four-week period ended July 30, 2011 were $949M, in line with the same period last year. The Co's comparable sales for July 2011, which include the associated comparable online sales, were down 5% vs a 2% increase for July 2010. Technically, the stock recently broke below $17.50, which now plays as a strong resistance. Below this threshold, a further down move is favorable towards $15.
Selection of those events which may affect the stock prices of international Large Caps