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April 27 2015, 07.50am GMT


As we head into another week of earnings reports, Apple Inc. as well as health care and energy companies are set to dominate.

Companies like Apple Inc. (NASDAQ: AAPL), ExxonMobil (NYSE: XOM) and Visa (NYSE: V) are set to dominate this week with their earnings reports. Meanwhile, stocks finished higher last week following a vast range of mixed earnings reports in which the U.S. dollar (USD) strength was the main culprit for any reported weakness.

The Dow Jones Industrial Average (DJIA) closed last week 1.4% higher, the S&P 500 index (SPX) finished up 1.8% while the Nasdaq Composite Index (COMP) increased 3.3 percent. Out of all the 30 Dow components, there are five that are set to report earning this week, with the largest on Monday being Apple Inc. With preorders for the much anticipated Apple Watch beginning after the March-ended quarter close, the sales will not reflect in this report. However, Apple could perhaps give a little insight as to how the initial sales progressed for the current quarter. The company is expected to sustain earnings growth for the technology sector.

Given Apple’s contribution, expectations are that the tech sector could grow 0.7% in earnings. Meanwhile, excluding Apple, the earnings expectations are at a 5.1% decline in earnings, according to an analyst from FactSet, John Butters.

In addition to Apple, there are other Dow components who are set to report earnings which include Pfizer Inc. (NYSE: PFE) and Merck & Co. Inc. (NYSE: MRK) on Tuesday, with Visa Inc. and ExxonMobil expected to report on Thursday.

ExxonMobil is scheduled to report its 1st quarter earnings. Consensus estimates revenue of $51.22 billion and earnings per share of $0.82. Many investors think that oil may have bottomed out and as a result expect a landscape change in the oil patch. There are suggestions from Oppenheimer that, among other things, mergers and acquisitions may increase and Exxon may be seeking to benefit from this.

Visa Inc. on Thursday will report its second quarter results. The consensus estimates revenue of $3.34 billion and earnings per share of $0.62. Nomura equity analyst, Bill Carcache has been flaunting MasterCard and Visa as top picks. According to Carcache, historically the multiple for the payment networks was appropriately 25x; however, he now believes we’ve entered a stage where that is too low. Based on this Nomura set a price target of $80.75.

MT4 Chart: Apple

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MT4 Chart: Exxon

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MT4 Chart: Visa Inc

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