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

TheStreet.com

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 and consumer staples giant and Dow component Coca-Cola .

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 .

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 ($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.

Fresh Del Monte ($26.75): Analysts expect the producer of fresh fruits to report a loss of 26 cents a share. The stock set a multiyear intraday high at $30.82 on Sept. 20, then traded as low as $25.21 on Feb. 5. It is well below its 200-day SMA at $28.02. The weekly chart is negative, with its five-week MMA at $27.09 and its 200-week SMA at $25.18, which held at the recent low. The stock has a loss of 1.8% over the last 12 months. My weekly value level is $25.97, with an annual pivot at $27.43 and quarterly, monthly and semiannual risky levels at $28.19, $28.86 and $29.19. The key for this stock is holding $25.97 post-earnings.

Genuine Parts ($85.95): Analysts expect the provider of automotive replacement parts to report earnings of 92 cents a share. The stock traded to a 2014 low at $76.50 on Feb. 4, then rebounded above its 200-day SMA at $80.72 to a new all-time intraday high at $85.99 on Friday. The weekly chart shifts from neutral to positive, with a close this week above its five-week MMA at $83.02, and with its 200-week SMA at $61.69. The stock is up 21.4% over the last 12 months. Semiannual, monthly and quarterly pivots are $84.09, $83.89 and $83.46 with a semiannual risky level at $89.74. My annual value levels lag at $69.87 and $61.00. After a gain of 12.4% since Feb. 4, the key level to hold on weakness is $83.46.

Medtronic ($56.88): Analysts expect the supplier of medical devices to report earnings of 91 cents a share. The stock set a multiyear intraday high at $60.93 on Jan. 8 then declined to a 2014 low at $53.33 before rebounding back above its 200-day SMA at $54.74. The weekly chart is negative with its five-week MMA at $57.17 and its 200-week SMA at $42.16. The stock has a gain of 20.6% over the last 12 months. My semiannual value level is $50.16 with a quarterly pivot at $56.98 and monthly risky level at $59.42. The key for this stock is a weekly close above $57.17.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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