Another busy day tomorrow for earnings and my list of notable earnings continues to grow!.. so I’ll break it up into two posts once again (before and after the bell). 8 companies will report before the bell tomorrow, with Vasco Data Security (VDSI) leading the pack as the highest ranked company in the database reporting in the morning (with a score of 54 out of 60).
Technically, the stock looks outstanding with very good buy volume in the right said, followed by a breakout and subsequent orderly pull back to support of the 50 day moving average twice. A good earnings report could propel the stock off support, possibly providing a nice entry point if you missed the initial breakout.
Other notable earnings before the bell:
- St. Jude Medical (STJ): A solid company that continues to post solid results quarter after quarter. The stock broke out on June 24th and remains just outside of a proper buy range.
- Lufkin Industries (LUFK): The stock of Lufkin, an oil equipment company, continues to soar to new heights as earnings and sales growth continues to accelerate.
- ATMI Inc (ATMI): Semis have done well recently and ATMI is no exception – looks outstanding technically, but well above a proper buy range.
- Ametek (AME): Ametek, a global manufacturer of electronic instruments and electric motors, has been tracking along the 50 day moving average for 2 years and looks ready to bust out to big gains from a base at any moment. Perhaps tomorrow’s earnings report will be that catalyst. The stock currently sits in a buyable range.
- Astec Industries (ASTE): Designer, engineer and manufacturer of equipment and components used primarily in road building and related construction activities. Astec is currently working on a base on base pattern after orginially breaking out in March. The technicals are a bit suspect.
- Labor Ready (LRW): Capitalizing on the improving job market, this is a stock that continues to soar to new heights and well out of a proper buy range.
- Symyx Technologies (SMMX): A provider of research services and high throughput experimentation for the discovery of innovative materials, has experienced record growth over the past year and is currently forming the handle of a long base.