Top 10 Earnings Next Monday & Tuesday (July 23 & 24, 2007)

Stock Tickers: AXP, AMZN, BIIB, BNI, CME, DD, HAL, LMT, MRK, PEP, T

These may not be the ONLY important earnings, but we wanted to hit most of the major earnings.  It is hard to break-out this few when there are more than 160 S&P 500 Index companies reporting quarterly results next week alone.  Keep in mind that these estimates could have changed (an may change still) and the dates could move on any of these.  We have broken these out with the earnings per share estimate and then the revenue estimate for each of these top stocks.  So it’s a TOP 11 rather than a TOP 10

MONDAY JULY 23
American Express (AXP)                     $0.86/$7.5B
Highest credit quality out of all non-bank assets in the country.  If credit dwindles here you could see even more credit quality concerns on Wall Street.

Halliburton (HAL)                                 $0.56/$3.5B
King Hal, one of Cramer’s TOP 9 FOR 2007.

Merck (MRK)                                         $0.72/$5.77B
Does this run the market anymore? NO.  But at a $107 Billion market cap and 60,000 workers it gets perpetual attention.

TUESDAY JULY 24

Amazon.Com (AMZN)                             $0.15/$2.81B
Major retailer now, bigger than top book (B&N) and electronics (Best Buy) brick and mortar operators combined with a $29 Billion market cap:

AT&T (T)                                                     $0.67/$29.6B
iPhone…telecom is back, who said the Bells couldn’t be reunited…and who said the old telecom utility is dead after re-mergers galore?

Biogen-Idec (BIIB)                                     $0.63/$759.75M
Check on status of buyback; may yet again boil down to its own Tysabri; could effect Elan and Genentech depending on each drug commentary.  Fifth largest biotech in U.S.

Burlington Northern Santa Fe (BNI)         $1.22/$3.85B
Another look into strength of rail and other shipping in U.S.

Chicago Mercantile (CME)                         $3.67/$331.75M
How will this look ahead now that the CBOT is finally united with its step-brother?  Keep in mind these earnings and revenues may be very different now and ahead since the unification.

DuPont (DD)                                                  $1.06/$7.85B
Another good measure of the U.S. economy….hopefully.

Lockheed Martin (LMT)                                 $1.53/$10.25B
Major defense contractor close to highs.

Pepsico (PEP)                                                 $0.89/$9.35B
Coke already reported, but let’s see if Pepsi can claim the investor taste test.

Jon C. Ogg
July 20, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.