Monday, January 12, 2009

Earnings Preview

Posted by TraderMark at 11:00 AM TweetThis
Alcoa (AA) which already warned kicks off this week's festivities... still a quiet week as we await the tidal wave in the weeks following - not much interesting from my initial glance.


Monday:
Alcoa (AA) - already warned; bouncing around like all commodity stocks on "global growth will be back around the corner" nonsense thesis.


Tuesday:
Indian outsource firm Infosys (INFY) - potential beneficiary of Satyam scandal.


Wednesday:
Recent fund addition HDFC Bank (HDB)


Thursday:
Intel (INTC) - already warned

Posco (PKX) - South Korean steel; if the so called "global growth" recovery thesis has any merit Posco should tell us.


Friday:
PPG (PPG) and Johnson Control (JCI) - two industrial firms who I assume will not be talking about the global recovery that the speculators are wishing for

Posted by TraderMark at 11:00 AM Comments (2) | Edit This Post | Create A New Post

2 comments:

jegan said...

Re: PCX.. I doubt that this will help anyone, based on our early start to the week but this just in:

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TOKYO: Toyota Motor said Monday that it would buy steel from Posco of South Korea for its Japanese factories, in a bid to reduce costs as the automaker faced its first annual operating loss in 71 years.

Toyota will use Posco steel in some of its models starting in February, said Hideaki Matsubara, a Tokyo-based spokesman for Toyota. It will be the first time Posco steel has been used to make Toyota cars in Japan, he said.

Toyota has bought steel from Posco for its factories in Thailand and Indonesia since 2003, Matsubara said.

Posco, which earns about 70 percent of its revenue in its domestic market, has been gaining a competitive edge against Japanese rivals because of the cheaper won. The Korean won lost 26 percent against the U.S. dollar last year, the worst performance among the 10 most-traded Asian currencies.

Posco sells to other major Japanese carmakers, including Nissan Motor and Mitsubishi Motors. Its shares fell 3 percent in Seoul on Monday.

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jegan

January 12, 2009 10:02 PM  
jegan said...

Probably should have mentioned that PKX has lost a fair bit on the loss of ship-building contracts .. I doubt that anyone will consider a few Corollas will really pick up the slack for them.. Under normal circumstances, PKX is a great company.

jegan

January 12, 2009 10:05 PM  

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