CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
CNNMoney.com
Markets & Stocks
graphic

Four worth watching
Quarterly results are due next week from Dell, Cisco Systems, Wal-Mart Stores and Walt Disney.
August 5, 2004: 11:47 AM EDT
By Parija Bhatnagar, Krysten Crawford, Paul La Monica and Alexandra Twin, CNN/Money Staff Writers

NEW YORK (CNN/Money) - Strong second-quarter earnings from the majority of the Standard & Poor's 500 have done little to temper worries that corporate profits are set to slow in the second half.

Click here

Earnings from a few big league companies will trickle in here and there through the rest of the summer, but next week is the last big blast. Cisco Systems (CSCO: Research, Estimates), Dell (DELL: Research, Estimates), Wal-Mart Stores (WMT: Research, Estimates) and Walt Disney (DIS: Research, Estimates) are all expected to report their earnings in the week ahead.

More than 85 percent of the Standard & Poor's 500 have reported second-quarter earnings so far. According to tracking firm First Call, earnings are set to rise 26.1 percent from a year earlier. That would mark the fourth consecutive quarter of year-over-year growth of over 20 percent.

So far, 86 percent of companies' results have met or topped estimates. None too shabby.

It's the stretch beyond the second quarter that investors are less comfortable with. A slowdown in the second and third quarters is unsurprising, due to tougher comparisons to a year ago.

But the onset of it has been particularly unsettling, as it is happening alongside record high crude oil prices, a period of slower economic growth, a rising interest rate environment and a close presidential election.

Currently, third-quarter earnings are set to rise 15 percent, a figure that hasn't budged in two weeks, according to First Call. Earnings in the fourth quarter are expected to have risen 15.7 percent.

"We're definitely getting more warnings than in the first half," said Jaseem Hasib, a First Call research analyst.

Hasib said that the ratio of negative pre-announcements to positive ones in the third quarter is currently 1.7 to 1. That's an improvement from the historic ratio of 2 warnings for every 1 increased forecast, but a decline from last quarter, when there were 1.2 warnings for every one positive pre-announcement.  Top of page




  More on MARKETS
Stocks set for early gains
The dollar is weak because ...
Gold soars to record high
  TODAY'S TOP STORIES
Out of prison, out of a job, out of luck
Stocks set for early gains
AIG chief threatens to walk




graphic graphic
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.