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Tuesday Premarket Earnings Reports: Duke Energy, Coca-Cola, More

NEW YORK (TheStreet) -- This is a big week for earnings reports.

After studying this week's earnings calendar, I was surprised to see that there are 49 companies of interest that report quarterly results beginning premarket Tuesday right through premarket Friday. The reporting companies represent 15 of 16 sectors.

That means that by the end of the week we will have a cross-sector analysis of the status of the U.S. economy.

Today's buy-and-trade pre-earnings profiles cover six companies reporting their quarterly results before the bell Tuesday morning, including energy services utility Duke Energy (DUK - Get Report) and consumer staples giant and Dow component Coca-Cola (KO - Get Report).

It will be interesting to hear forward guidance from Duke in the wake of numerous recent snow and ice storms.

For Coke, the company is transitioning from reduced demand for sugary drinks into a coffee partnership with Green Mountain Coffee Roasters (GMCR).

Green Mountain reported their quarterly results on Feb. 5 and beat analysts' estimates by 7 cents, earning 96 cents a share. Plus it announced its deal with Coca-Cola. Green Mountain shares popped from $80.88 at the Feb. 5 close to a new all-time intraday high at $122.38 on Feb. 13.

Coca-Cola ($38.93): Analysts expect the beverage giant and Dow component to report earnings of 46 cents a share. The stock ended 2013 at $41.31, then traded down to a 2014 low at $37.10 on Feb. 3. It is below its 200-day SMA at $39.79. The weekly chart is negative with its five-week MMA at $39.02 and its 200-week SMA at $35.31. The stock has a gain of 5.7% over the last 12 months. My annual value level lags at $27.63, with a monthly pivot at $38.45 and monthly, quarterly and semiannual risky levels at $43.64, $44.67 and $45.83. Forward guidance that keeps the stock above $38.45 would be a positive for the stock and for the Dow Industrial Average (16,154.39) which is down 2.5% year-to-date with its all-time intraday high at 16,588.25 set on Dec. 31.

Diana Shipping (DSX) ($12.69): Analysts expect the shipper of dry bulk cargoes such as iron ore, coal and grain to report a loss of 6 cents a share. The stock has been above its 200-day simple moving average since Jan. 3, 2013, when the stock was trading at $7.40. The shipper traded to a multiyear intraday high at $13.92 on Dec. 26, then traded as low as $11.55 on Jan. 27 vs. the 200-day at $11.30. The weekly chart shifts to positive with a close this week above its five-week modified moving average at $12.46, with its 200-week SMA at $10.08. The stock has a gain of 42.3% over the last 12 months. This week's value level is $12.07, with a quarterly pivot at $12.48 and monthly risky level at $12.83. A gap above $12.83 makes this stock a momentum play.

The Dow Transportation Average (7306.69) is a year-to-date laggard, down 1.3% after setting a new all-time intraday high at 7591.43 on Jan. 23.

Duke Energy ($71.45): Analysts expect the energy provider to report earnings of 94 cents a share. The stock set a multiyear intraday high at $75.46 back on May 1, 2013, a day after the Dow Utilities Average (519.51) set its multiyear intraday high at 537.86. The utility average is the best performing index year-to-date, with a gain of 5.9%. The Dow has been helped by Duke, which has been above its 200-day SMA at $69.10 since Jan. 30. Duke's weekly chart is positive, with its five-week MMA at $69.72 and its 200-week SMA at $61.66. The stock has a gain of 5.1% over the last 12 months. This week's value level is $69.34, with a semiannual value level at $64.35. A positive reaction to earnings should have this stock trending towards its May 1 high at $75.46.

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DUK $76.27 0.49%
KO $40.68 0.42%
AAPL $125.02 -1.10%
FB $82.69 -0.61%
GOOG $551.67 -0.06%


DOW 17,861.84 -114.47 -0.64%
S&P 500 2,078.32 -7.92 -0.38%
NASDAQ 4,927.1470 -20.2940 -0.41%

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