|  Hewlett Packard (USD 44.09 ; 1.26% ; HPQ ; HPQ.N)
On Tuesday, Hewlett Packard is expected to release 3Q EPS of appx. $0.9 vs $0.86 a year ago on sales of $27.2bln vs $28bln. Recently, the Co and Foxconn International reached an agreement to jointly invest $3bln to develop a laptop computer manufacturing hub in China. Besides, the Co's price target was raised to $52 from $45 at Bank of America. Technically, the stock remains well supported by its rising 20D MA. Hence, we expect a test of the $45.25 resistance before a further bounce to $46.5.
Target (USD 42.03 ; -2.1% ; TGT ; TGT.N)
The same day, Target may announce 2Q EPS of $0.66 compared with $0.82 a year ago on sales of $15.2bln vs $15.5bln. Earlier, the Co announced its plan to set up and manage its own platform for Target.com and expects to launch the new platform in 2011. Recently, the Co's price target was raised to $43 from $40 at Bank of America. From a technical view, the stock continued to consolidate last week above a key horizontal level at $40.5. As long as this level holds on the downside, a further rise is more likely towards $44.5-$45.0 after a short-term pause. Rio Tinto (GBp 2356 ; 0.55% ; RIO ; RIO.L)
Thursday, Rio Tinto could report 1H net income of $2.9bln compared with $6.9bln a year earlier. Last week, the Co said its unit, Cloud Peak Energy filed a new registration statement with US SEC for a proposed IPO. In addition, the Co's price target was raised to 3400p from 2700p at Barclays. From a technical point of view, the stock remains under pressure below a huge resistance at 2635p. Therefore, the risk is for a retest of the 2200 and even 2000 support levels. Ahold (EUR 8.01 ; 1.56% ; AH ; AH.AS)
On the same day, Ahold is expected to deliver 2Q net income of appx. E175m compared to E336m a year ago. Recently, the Dutch supermarket owner reported 2Q consolidated net sales of E6.4bln, up 11.5% YoY or 3.9% at constant exchange rates, but missing the consensus. Technically, the shares are still capped by its declining 50D MA as well as a downside trend line. As long as the bearish gap on 28 July 2009 remains open, a further drop will probably occur towards E7.7. Gap (USD 18.78 ; 1.08% ; GPS ; GPS.N)
On Thursday in the US, Gap Inc, the international specialty retailer, may post 2Q EPS of $0.32 unchanged YoY on sales of $3.2bln vs $3.5bln a year ago. Early this month, the Co reported net sales of $924m in July, representing a 7% YoY decrease. The Co's comparable store sales for July 2009 were down 8% vs an 11 percent decrease in July 2008. Sabrina Simmons, CFO said: "We delivered July merchandise margins significantly above last year. We expect diluted EPS for the 2Q to be $0.30 to $0.32." Technically, the rising 20d MA at $17 should support the stock and allow for a test a very strong resistance area around $20. Selection of those events which may affect the stock prices of international Large Caps |
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