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From Alcoa to Wells Fargo: Prepare for Q2 Earnings Season

July 13, 2017

While we didn't get many fireworks last week, I do expect that July will end with a bang. After all, second-quarter earnings season is just around the corner, and it's shaping up to be a strong one. According to FactSet, analysts expect the S&P 500 will post 6.6% annual earnings growth and 4.9% annual revenue growth. This is much stronger than in previous quarters.

So you can bet that it is going to spur some big swings in the market. To prepare for this, let's preview some of the biggest earnings announcements coming at us over the next few weeks. I'll provide what the analyst community's expectations are for each stock plus my take on whether the upcoming earnings announcement is a buying opportunity.

The Good
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth My Recommendation
AA Alcoa Inc. 19-Jul N/A 293% Buy
BAC Bank of America 18-Jul 4.9% 4.9% Strong Buy
DOW Dow Chemical 27-Jul 13.8% 5.3% Strong Buy
GOOGL Alphabet 24-Jul 19.3% -2.0% Buy
ISRG Intuitive Surgical 20-Jul 7.6% 2.8% Strong Buy
JNJ Johnson & Johnson 18-Jul 2.6% 3.4% Buy
MSFT Microsoft 20-Jul 7.2% 2.9% Buy
NFLX Netflix 17-Jul 31.1% 77.8% Strong Buy
NOC Northrop Grumman 26-Jul 3.5% 0.4% Buy
PM Philip Morris 20-Jul 6.3% 7.0% Buy
UNH UnitedHealth Group 18-Jul 7.8% 21.4% Buy
V Visa 20-Jul 20.2% 17.4% Buy


The Bad
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth My Recommendation
CMCSA Comcast 27-Jul 8.2% 14.3% Hold
CVX Chevron 28-Jul 13.7% 171.4% Hold
HSY Hershey 26-Jul 1.2% 5.9% Hold
LLY Eli Lilly 25-Jul 3.7% 22.1% Hold
UNP Union Pacific 20-Jul 8.8% 18.8% Hold

The Ugly
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth My Recommendation
F Ford Motors 27-Jul 0.2% -15.4% Strong Sell
GE General Electric 21-Jul -13.4% N/A Sell
GILD Gilead Sciences 26-Jul -18.9% -30.8% Strong Sell
IBM IBM Corp. 18-Jul -3.8% -6.8% Sell
KO Coca-Cola 26-Jul -16.2% -3.3% Sell
PPG PPG Industries 20-Jul -3.2% 3.4% Sell
SBUX Starbucks 27-Jul 9.8% 12.2% Sell
T AT&T Inc. 25-Jul -1.6% 2.8% Strong Sell
UPS United Parcel Service 27-Jul 5.8% 2.1% Sell
VZ Verizon Wireless 27-Jul -2.1% 1.1% Strong Sell
WFC Wells Fargo 14-Jul 1.4% 0.0% Sell

Sincerely,

Louis Navellier

Louis Navellier

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