Notable Earnings for July 14th

There are several earnings reports to keep an eye on tomorrow, all coming before the bell or soon thereafter.  The one I’ll be watching closely comes from United Health Care (UNH).  The managed health care companies have had a tremendous run over the past few years and the earnings and sales growth aren’t likely to slow anytime soon.  I’ve been holding Wellcare Health Plans (WCG) in the SelfInvestors.com Model Portfolio for the past few months and the report out of UNH will undoubtedly have an affect on this and other HMO’s tomorrow.  It’s been a steady climb for UNH as the stock has cotinued to find support at the 200 day moving average and most recently at the 50 day moving average.  It looks like it will test that level once again tomorrow.

Two companies that recently broke out of great looking bases will also report tomorrow – MDC Holdings (MDC), a home builder and Monro Muffler Brake (MNRO), a provider of under – car repairs and tire service.  Both companies exhibit outstanding fundamentals as well. 

Also reporting tomorrow are two fast growing banks, one of which was highlighted in the last Breakout Highlights reportHDFC Bank (HDB), India’s fastest growing bank (time of reporting for HDB could not be verified – it’s difficult to get reliable earnings info for ADR’s) and Commerce Bancorp (CBH), a leading bank on the east coast which is attempting to carve out the right side of a year long base.

Finally, Genzyme (GENZ) will report before the bell tomorrow .. a solid company in the same league as Amgen (AMGN) in terms of fundamentals, but RS has been lagging for a couple years below 60.

Leave a Reply

Your email address will not be published. Required fields are marked *