NYSE Euronext, Inc. (NYSE: NYX) is on Monday and the following earnings reports are due on Tuesday: Arch Coal Inc. (NYSE: ACI); Archer Daniels Midland Co. (NYSE: ADM); Broadcom Corporation (NASDAQ: BRCM); Chesapeake Energy Corporation (NYSE: CHK); Sirius XM Radio Inc. (NASDAQ: SIRI); Valero Energy Corporation (NYSE: VLO).

Wednesday’s top earnings reports on deck are as follows:  American Water Works Co. (NYSE: AWK); Annaly Capital Management Inc. (NYSE: NLY); Comcast Corporation (NASDAQ: CMCSA); First Solar Inc. (NASDAQ: FSLR); Garmin Ltd. (NASDAQ: GRMN); Hartford Financial Services Group Inc. (NYSE: HIG); MasterCard Inc. (NYSE: MA); Symantec Corporation (NASDAQ: SYMC); Visa Inc. (NYSE: V); and Whole Foods Market Inc. (NASDAQ: WFM).

We will provide previews for the larger report due on Thursday as the reports get closer.  As a reminder, some of the dates and estimates may change and some of them may have already changed.  Consensus estimates are from Thomson Reuters and we have provided color on each if applicable.

NYSE Euronext (NYSE: NYX) reports on Monday.  The consensus estimates are $0.48 EPS and $611.1 million in revenues.  Shares are around $27.00, and the consensus analyst price target is $32.30.  Now that the German merger (the German takeover of America’s top exchange) is off the table, investors are focusing on the values here.

TUESDAY, May 1

Arch Coal Inc. (NYSE: ACI) is due Tuesday morning and its shares have been battered along with the entire coal sector.  Estimates are $0.16 EPS and $1.12 billion in revenues.  Shares are around $9.50, and the consensus analyst price target is $32.30.

Archer Daniels Midland Co. (NYSE: ADM) is due Tuesday morning and estimates are $0.59 EPS and $21.4 billion in revenues.  Shares are around $31.00, and the consensus analyst price target is almost $34.00.

Broadcom Corporation (NASDAQ: BRCM) reports after the close on Tuesday and it has been riding the Apple wave.  The consensus estimates are $0.55 EPS and $1.8 billion in revenues.  Shares are around $36.30 and the consensus analyst price target is $42.40.

Greece is in the midst of what may be one of the deepest recessions on record. (Reuters)

A firm that claims it owns rights to certain Apple (NASDAQ: AAPL) iPad features may try to ban exports of the device from China. (Reuters)

A Reuters poll of economists indicates they believe the Fed may raise rates before 2014. (Reuters)

The U.S. cuts it military budget as China builds a large naval fleet. (Reuters)

Samsung may spin out its LCD business. (Reuters)

The government’s General Services Administration begins to issue Apple and Google (NASDAQ: GOOG) Android-based smartphones instead of those from Research In Motion (NASDAQ: RIMM). (Reuters)

Talks between Yahoo! (NASDAQ: YHOO) and Alibaba, which would include a buyout of the portal’s share in the Chinese company, end. (AllThingsD)

Roche says fake versions of the cancer drug Avastin have been found in the U.S. (WSJ)

Federal officials will block the deployment of broadband network Lightsquared, which is funded primarily by Philip Falcone’s equity fund. (WSJ)

In the fourth quarter, Germany’s economy drops while France’s expands. (WSJ)

Congress may have reached a deal to extend payroll tax cuts and unemployment benefits. (WSJ)

Yahoo! faces a proxy fight from activist shareholder Dan Loeb. (WSJ)

The Senate may pass a bill that would require some companies to bolster internet security. (WSJ)

Mexico’s oil regulator says Petrobras (NYSE: PBR), the nation’s largest oil firm, does not have the experience to start two important deep-water drilling projects. (WSJ)

John Paulson, a large investor in Hartford Financial (NYSE: HIG), presses for a breakup of the firm. (WSJ)

Greece is expected to offer its private debt holders a new offer. (NYT)

The German Federal Statistics Office says the Germany economy shrank by 0.5% in the fourth quarter. (Bloomberg)

Douglas A. McIntyre

We have compiled previews using Thomson Reuters consensus data and have added color on each if applicable.
 
Annaly Capital Management Inc. (NYSE: NLY) is going to be closely watched by the dividend investors because of that 13% implied dividend yield.  The mortgage REIT is expected to report $0.56 per share.

Bp Plc (NYSE: BP) has recovered handily from the 2010 Deepwater Horizon disaster.  This is an ADR so its earnings will be converted from U.K. Pounds… The estimate is $1.57 per share and the stock is up well over 50% from when its shares sold off so much in 2010.  Keep in mind that this was a $60 stock before the Gulf of Mexico disaster.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) is not so hot after the Super Bowl and we are six weeks from the next mega-event in sports.  Estimates are $0.67 EPS and $210.25 million.  This one remains expensive at almost 22-times full 2012 earnings expectations and it is only about $2.00 shy of a 52-week and all-time high.

Cerner Corporation (NASDAQ: CERN) is expected to report $0.53 EPS and $586.86 million in sales.  At $63.20, the 52-week trading range for the healthcare information technology and support company is $53.93 to $74.39.

Church & Dwight Co. (NYSE: CHD) is expected to report $0.51 EPS and $694.32 million.  At $45.50, the 52-week range is $33.83 to $47.00.  This consumer products company remains at a large valuation premium to its larger consumer products rivals and it also has a much lower dividend yield.

The Allstate Corporation (NYSE: ALL) Started as Outperform at William Blair.
AT&T Inc. (NYSE: T) Reinstated as Neutral with $30 price target at Credit Suisse.
Best Buy Co., Inc. (NYSE: BBY) Started as Outperform with $32 target at Credit Suisse.
Celgene Corporation (NASDAQ: CELG) Cut to Hold on Valuation at Argus.
Cliffs Natural Resources (NYSE: CLF) Cut to Neutral at Credit Suisse.
Equity One Inc. (NYSE: EQY) Cut to Sell at Citigroup.
Hartford Financial Services Group (NYSE: HIG) Cut to Neutral at JPMorgan.
J.C. Penney Company, Inc. (NYSE: JCP) Raised to Overweight at Piper Jaffray; Maintained as Buy but raised price target to $49 at Argus.
Juniper Networks Inc. (NYSE: JNPR) Cut to Market Perform at Morgan Keegan.
Kimco Realty Corporation (NYSE: KIM) Cut to Neutral at Citigroup.
The Progressive Corporation (NYSE: PGR) Started as Underperform at William Blair.
Sandridge Energy Inc. (NYSE: SD) Started as Buy at Citigroup.
Synaptics Inc. (NASDAQ: SYNA) Raised to Buy at Needham; Cut to Neutral at Stern Agee.
Under Armour, Inc. (NYSE: UA) Reiterated as Buy with $102 price target at Canaccord Genuity.
Vistaprint NV (NASDAQ: VPRT) Cut to Underperform as Bear of the Day at Zacks.
ZOLL Medical Corporation (NASDAQ: ZOLL) maintained Outperform as Bull of the Day at Zacks.

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Amgen Inc. (NASDAQ: AMGN) Cut to Market Perform at BMO.
AutoNation Inc. (NYSE: AN) Raised to Neutral at Goldman Sachs.
Boston Properties Inc. (NYSE: BXP) Maintained Buy but cut target to $105 from $120 at Argus.
Cree Inc. (NASDAQ: CREE) Maintained Buy with $33 target at Canaccord Genuity.
Dole Food Co. Inc. (NYSE: DOLE) Cut to Underperform with $9 target at BofA/ML.
Garmin, Ltd. (NASDAQ: GRMN) reiterated Outperform as Bull of the Day at Zacks.
Gilead Sciences Inc. (NASDAQ: GILD) Raised to Outperform at BMO; Raised to Buy at Citigroup (late-Monday).
Hartford Financial Services Group (NYSE: HIG) Cut to Underperform as Bear of the Day at Zacks.
Harman International Industries Inc. (NYSE: HAR) named as Value stock of the day at Zacks.
Microsoft Corporation (NASDAQ: MSFT) Started as Hold at ThinkEquity.
Netflix, Inc. (NASDAQ: NFLX) Re-initiated as Sell with $60 target at Canaccord Genuity.
Pharmasset, Inc. (NASDAQ: VRUS) downgraded by Wells Fargo, UBS, Canaccord Genuity, Leerink Swann, and Citigroup after super-premium buyout.
Tyson Foods, Inc. (NYSE: TSN) Reiterated Buy at BofA/ML.
Wynn Resorts Ltd. (NASDAQ: WYNN) Cut to Neutral at Janney Capital.
YUM! Brands, Inc. (NYSE: YUM) added to U.S. Focus List at Credit Suisse.

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Alkermes, Inc. (NASDAQ: ALKS) Removed from US 1 List but maintained Buy at BofA/ML.
Ameriprise Financial Inc. (NYSE: AMP) Raised to Outperform at Credit Suisse.
BorgWarner, Inc. (NYSE: BWA) is Bull of the Day at Zacks.
Cisco Systems Inc. (NASDAQ: CSCO) Reiterated Buy with $22 target at BofA/ML; Reiterated Outperform at CRedit Suisse.
Core Laboratories NV (NYSE: CLB) Cut to Underperform at BofA/ML.
EI DuPont de Nemours & Co. (NYSE: DD) Raised to Buy at S&P Equity Research (late Tuesday).
Gentiva Health Services (NASDAQ: GTIV) Cut to Underperform as Bear of the Day at Zacks.
Hartford Financial Services Group Inc. (NYSE: HIG) Raised to Outperform at Credit Suisse.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) Cut to Underperform at Jefferies.
J.P. Morgan Chase & Co. (NYSE: JPM) Maintained Outperform but cut estimates at Credit Suisse.
Nordstrom Inc. (NYSE: JWN) Cut to Neutral at Goldman Sachs.
Norfolk Southern Corporation (NYSE: NSC) Value Stock of the Day at Zacks.
Oracle Corporation (NASDAQ: ORCL) Raised to Positive at Susquehanna.
Pfizer Inc. (NYSE: PFE) Cut to Equal-Weight at Barclays.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Cut to Underperform at Jefferies.
Trina Solar Ltd. (NYSE: TSL) Cut to Hold at Jefferies.
United Continental Holdings, Inc. (NYSE: UAL) Reiterated Buy with $34 target at BofA/ML.

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What was bad news for insurance and reinsurance stocks last week is suddenly good news this week.  The insurance losses also appear to be low enough that most of the big reinsurance players appear to be escaping Irene’s liabilities either unscathed or only with a small amount.

Allstate Corporation (NYSE: ALL) and The Travelers Companies, Inc. (NYSE: TRV) have exposure in the areas around North Carolina, where the brunt of the hurricane force hit.  They both also had exposure further up the coast. Travelers is now up 3.4% at $49.97 and Allstate is up 4.5% at $25.32.

The Chubb Corporation (NYSE: CB) has exposure in New York and on north throughout southern New England and its shares are up 3.7% at $61.62 on the day.  Hartford Financial Services Group Inc. (NYSE: HIG) is also up over 4% at $18.00 this morning.

Berkshire Hathaway Inc. (NYSE: BRK-B) would have had exposure from insurance and/or reinsurance losses… This is being treated as lower now in liabilities and shares are up 2.5% at $71.72 so far on the news.  Everest Re Group Ltd. (NYSE: RE) is up 3.6% at $79.96 and PartnerRe Ltd. (NYSE: PRE) is up 3.7% at $56.40.

The surprise is actually in Crawford & Company (NYSE: CRD-B).  The company had a near-40% gain last week as it provides claims management solutions to insurance companies and self-insured entities.  Think of this as an employment clearing house for insurance claims adjusters.  This one is up again by more than 2% at $7.08, but after last week’s huge gain it would be one we would view a bit more cautiously.

This is one of those situations where less-bad news is good news.

JON C. OGG

Big 5 Sporting Goods (NASDAQ: BGFV) named Bear of the Day at Zacks.
Biogen Idec Inc. (NASDAQ: BIIB) Reiterated Buy with $115 target at Argus.
Eaton Corporation (NYSE: ETN) named as Bull of the Day at Zacks.
Hartford Financial Services Group Inc. (NYSE: HIG) Reiterated Buy but cut target to $26 at Argus.
Human Genome Sciences Inc. (NASDAQ: HGSI) Maintained Outperform but cut target to $27 at Credit Suisse.
Pandora Media, Inc. (NYSE: P) Reiterated Buy and raised target to $19 at BofA/ML.
Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Cut to Hold at Citigroup.
Research in Motion Ltd. (NASDAQ: RIMM) Raised to Buy at Stern Agee.
rue21, Inc. (NASDAQ: RUE) Raised to Buy at BofA/ML.
Sequenom Inc. (NASDAQ: SQNM) Started as Outperform at William Blair.
VMware Inc. (NYSE: VMW) Raised to Outperform at Pacific Crest.
World Fuel Services Corporation (NYSE: INT) named Value stock of the day at Zacks.

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We have compiled previews and added in appropriate color for investors and traders alike in the following: Chesapeake Energy Corporation (NYSE: CHK); Chimera Investment Corporation (NYSE: CIM); Dendreon Corporation (NASDAQ: DNDN); Hartford Financial Services Group Inc. (NYSE: HIG); Jinkosolar Holding Co., Ltd. (NYSE: JKS); Rackspace Hosting Inc. (NYSE: RAX); USEC Inc. (NYSE: USU); Archer Daniels Midland Company (NYSE: ADM); Comcast Corporation (NASDAQ: CMCSA); First Solar Inc. (NASDAQ: FSLR); Las Vegas Sands Corporation (NYSE: LVS); Mastercard Inc. (NYSE: MA); OpenTable Inc. (NASDAQ: OPEN); Pfizer Inc. (NYSE: PFE); Sirius XM Radio Inc. (NASDAQ: SIRI); and Youku.com Inc. (NASDAQ: YOKU).

This is actually just the first list and only the reports due early in the week on Monday and Tuesday.  The full detailed previews are below…

Chesapeake Energy Corporation (NYSE: CHK) is due to report earnings on Monday and will set the tone for how natural gas properties get treated. Thomson Reuters has estimates of $0.70 EPS and $2.68 billion in revenues; next quarter estimates are $0.71 EPS and $2.66 billion in revenues.  Shares are trading around $33.20 and the 52-week trading range is $19.62 to $35.95.

Chimera Investment Corporation (NYSE: CIM) is not a market mover nor a sector mover, but this real estate investment trust is a vulture bond investing fund and it has one of the highest dividends in Wall Street at about 14%.  Thomson Reuters has estimates of $0.15 EPS and $174.51 million in revenues; next quarter estimates are $0.16 EPS and $180.51 million in revenues.  Shares are trading around $4.03 and its 52-week range $3.50 to $4.36.

Dendreon Corporation (NASDAQ: DNDN) is due Monday and this is still a story around guidance for late-2011 and into 2012 than it is an earnings story.  Provenge sales are just getting going and Thomson Reuters has estimates of -$0.70 EPS and $28.86 million in revenues; next quarter estimates are -$0.69 EPS and $58.3 million in revenues. The 2011 estimates are -$2.24 EPS and $369.7 million in revenues, but the 2012 estimates are $0.30 EPS and about $860.5 million in revenues. Shares are trading around $42.50 and the 52-week trading range is $25.78 to $57.67.

Hartford Financial Services Group Inc. (NYSE: HIG) is due Monday for its insurance and financial services earnings.  Thomson Reuters has estimates of $0.95 EPS and $2.47 billion in revenues; next quarter estimates are $0.95 EPS and $2.45 billion in revenues.  Shares are trading around $28.50 and the 52-week range is $18.81 to $31.08, and keep in mind that this is trading at just under 8-times expected earnings for 2011.

Jinkosolar Holding Co., Ltd. (NYSE: JKS) is also due Monday and we have not seen much from solar earnings yet.  This one is also up from the Total-SunPower majority stake deal and it was one we gave a Vale Stock Alert in earlier this month when shares were around $26.50 or so. Thomson Reuters has estimates of $1.50 EPS and $289.78 million in revenues; next quarter estimates are $1.81 EPS and $346.29 million in revenues.  Shares are trading around $26.85 and the 52-week range is $8.23 to $41.75.

Rackspace Hosting Inc. (NYSE: RAX) is due Monday and we’ll get one more cloud related earnings story and it held up fine during the Akamai blowup this week.  Thomson Reuters has estimates of $0.12 EPS and $226.41 million in revenues; next quarter estimates are $0.13 EPS and $238.8 million in revenues.  Shares are trading around $46.23 and the 52-week range is $15.15 to $46.28.

USEC Inc. (NYSE: USU) is another one that is not a market mover.  It is, however a nuclear mover and this uranium enrichment outfit may offer more insight into what the REAl impact on  nuclear power will be for the next two years or so after the Japan incident. Thomson Reuters has estimates of -$0.12 EPS and $403.4 million in revenues; next quarter estimates are -$0.07 EPS and $399.5 million in revenues.  Shares are trading around $4.45 and the 52-week range is $3.90 to $6.35.

AFLAC Inc. (NYSE: AFL) Reiterated Buy and $83 target at BofA/ML.
Capella Education Co. (NASDAQ: CPLA) maintained Underperform and as Bear of the Day at Zacks Investment Research.
The Cooper Companies (NYSE: COO) Reiterated Outperform as Bull of the Day at Zacks Investment Research.
Hartford Financial Services Group Inc. (NYSE: HIG) Reiterated Buy at Argus.
International Business Machines Corp. (NYSE: IBM) Reiterated Buy at Argus.
International Flavors & Fragrances Inc. (NYSE: IFF) Reiterated Outperform and $70 target at Credit Suisse.
Las Vegas Sands Corp. (NYSE: LVS) Cut to Hold at Argus.
MetLife, Inc. (NYSE: MET) Reiterated Buy and $54 target at Argus.
Nucor Corporation (NYSE: NUE) Cut to Sell at S&P Equity Research (late-Tuesday call).
Paychex Inc. (NASDAQ: PAYX) Raised to Hold at S&P Equity Research (late-Tuesday call).
Universal Health Services, Inc. (NYSE: UHS) Reiterated Buy with $55 target at BofA/ML.

In a sector call, BofA/ML is raising estimates on earnings and orders for the first half of 2011 in DR Horton Inc. (NYSE: DHI), KB Home (NYSE: KBH), Lennar Corp. (NYSE: LEN), and Ryland Group Inc. (NYSE: RYL).  The firm maintained Buy ratings on each based on strong entry level buyers being active in the Spring.

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JON C. OGG