Top DJIA Earnings Previews For The Coming Week, and Future-DJIA Components (IBM, BAC, KO, JNJ, AXP, INTC, UTX, T, MSFT, TRV, GE, MCD, VZ, AAPL, WFC, MO, HON)

FRIDAY, JULY 22

General Electric Company (NYSE: GE) has estimates of $0.32 EPS and $34.80 billion in revenues; next quarter estimates are $0.32 EPS and $34.13 billion in revenues. Shares are trading around $18.36 and the 52-week trading range is $14.25 to $21.65. The consensus price target here is now almost $24.00. GE was recently just voted as the 24/7 Wall St. Top Conglomerate Value Pick. The valuations are fair, it has hiked its dividend and it is now buying back stock. The comp
any’s NBC transition has been ongoing and the company still seems to be seeing better credit metrics in its financial exposure.

McDonald’s Corporation (NYSE: MCD) has estimates of $1.28 EPS and $6.63 billion in revenues; next quarter estimates are $1.42 EPS and $6.92 billion in revenues. Shares are trading around $85.22, the 52-week trading range is $68.59 to $86.46, and the consensus price target is now very close at $86.75. McDonald’s has just grown and grown and we will be looking to see if there is any further sign of concern over its move to more healthy items and/or whether it can keep growing its same-store sales figures month in and month out. Shares are now only about 2% lower than the all-time highs.

Verizon Communications Inc. (NYSE: VZ) has estimates of $0.55 EPS and $27.42 billion in revenues; next quarter estimates are $0.58 EPS and $27.90 billion in revenues. Shares are trading around $36.85 and the 52-week trading range is $26.41 to $38.95. Analysts have a consensus price target of $38.35. Verizon has had the iPhone for a while now and its shares peaked earlier this year. Shares have been a bit stuck and there is some stock chart resistance above, perhaps even more so than seen in AT&T.

NON-DJIA REPORTS THIS COMING WEEK

Apple Inc. (NASDAQ: AAPL) is the one that everyone loves to ponder about whether it should or should not be a DJIA component ahead. The greatest growth story of the last decade has estimates of $5.73 EPS and $24.75 billion in revenues; next quarter estimates are $6.37 EPS and $27.64 billion in revenues. Shares are trading around $360.36 and the 52-week trading range is $199.25 to $364.90. Analysts have a consensus price target of nearly $450.00. Apple is one that is now again with striking distance of the all-time highs even if we did see some estimates trimmed. The old chart concerns have rapidly gone into the rearview mirror. Our concern is too rapid product replacement cycles as key products are given updates too close on the calendar. The other concern is that the company might not be able to grow a $333 billion market cap as fast as it has grown historically. That being said, how much has it worked in the past being cautious on Apple? Not too well.

Wells Fargo & Co. (NYSE: WFC) has estimates of $0.69 EPS and $20.40 billion in revenues; next quarter estimates are $0.70 EPS and $20.26 billion in revenues. Shares are trading around $27.33 and the 52-week trading range is $23.02 to $34.25. Analysts have a consensus price target of $36.17, but it is worth noting that this price has not been seen since before the malaise of the recession. Wells Fargo is one of the other too big to fail banks and we will be watching Warren Buffett’s favorite bank very closely here.

Altria Group Inc. (NYSE: MO) is a former DJIA component and has estimates of $0.53 EPS and $4.45 billion in revenues; next quarter estimates are $0.57 EPS and $4.53 billion in revenues. Shares are trading around $26.71 and the 52-week trading range is $19.20 to $27.15. The consensus price target is only $27.67. Altria is a former DJIA component before it broke itself up. Shares peaked in May and it does seem that these new death and ugly real photos that will have to go on the labels is casting a dark cloud over the sector of cigarettes.

Honeywell International Inc. (NYSE: HON) is often considered a DJIA component because of its past and it has estimates of $0.98 EPS and $9.26 billion in revenues; next quarter estimates are $1.02 EPS and $9.15 billion in revenues. Shares are trading around $57.06 and the 52-week trading range is $38.08 to $62.28. The consensus price target is $68.52 for Honeywell.

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JON C. OGG