|  Bouygues (EUR 28.97 ; -4.83% ; EN ; BOUY.PA)
Tuesday, Bouygues could report after the market close 1Q net income of appx. E180m vs E224m a year earlier. Last week, the Co won a construction contract worth E180m in Hong Kong. Earlier, the Co announced 1Q consolidated sales of E6.7bln, down 2% YoY and 3% like-for-like at constant exchange rate. Bouygues Telecom posted a 6% increase in sales to E1.27bln. TF1's sales fell 18% on a worsening advertising market and a still-difficult economic environment. Technically, the stock remains under pressure below its 20D and 50D MAs. As long as E32 holds on the upside, a further pullback is expected to E26.9 and E25.7 in extension.
Ryanair (EUR 3.63 ; 10% ; RYA ; RYA.I)
On the same day, Ryanair Holdings may release a FY pre-tax loss vs the year earlier's profit on revenue of appx. E2.9bln vs E2.7bln. Recently, the Co said it planned to form a base in Malta and introduce 12 new routes there. Technically, the stock broke above a key medium-term horizontal level around E3.5 but seems to be capped by a resistance at E3.68. Since, the strong bullish volume has been witnessed in the past three days, a further rise is more likely to re-test E3.68 and then E3.9. Northumbrian Water (GBp 242.75 ; -2.71% ; NWG ; NWG.L)
On Wednesday, Northumbrian Water, the UK utilities company is expected to release its FY results. Pre-tax profit may reach appx. 150m compared to 170m a year ago. A week ago, the Co was cut to "underperform" from "neutral" at Bank of America. From a technical point of view, the stock is consolidating above its rising 20D MA's support. Above 233p, a further rise will probably occur towards 260p and 270p in extension. Johnson Matthey (GBp 1206 ; 0.08% ; JMAT ; JMAT.L)
Thursday, Johnson Matthey is scheduled to post its FY results. Pre-tax profit could be 250m compared to 186.2m a year earlier. Earlier, the Co was downgraded to "underweight" from "neutral" at JPMorgan. Technically, the stock is supported by its 50D MA as well as a medium-term rising trendline at 1070. Hence, we remain positive with targets at 1275 and 1300. Carphone Warehouse (GBp 167.25 ; 2.29% ; CPW ; CPW.L)
Friday, Carphone Warehouse is expected to announce FY pre-tax profit of appx. 105m compared to 124.1m a year ago. Earlier, the UKs biggest mobile-phone retailer agreed to acquire Tiscali's UK unit for 236m. The Co sees a 10% rise in its EPS in 2010, boosted by the transaction. From a technical view, the stock remains on the upside above a bullish 20D MA and is expected to test the 172 resistance, if broken out, a further bounce should occur towards 185. Selection of those events which may affect the stock prices of international Large Caps |
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