Market Preview: Finding Reason to Rally
"We expect US revenues to slow 100 bps
Oppenheimer believes Motorola Mobility has been an overhang for Google's stock, causing investors to take a wait-and-see approach ahead of the second-quarter report. The consternation stems from Motorola Mobility booking a loss of $4 million in 2011 despite generating EBITDA (earnings before interest, taxes, depreciation and amortization) of $208 million on the year. Ouch.
Ahead of the conference call, the firm listed Google's key issues as "MMI integration/financial impact, CPC
Check out TheStreet's quote page for Google for year-to-date share performance, analyst ratings, earnings estimates and much more.
Elsewhere, arriving before the opening bell will be numbers from AutoNation(AN) , BB&T(BBT) , Blackstone Group(BX) , Cypress Semiconductor(CY) , Danaher(DHR) , Fairchild Semiconductor(FCS) , Fifth Third Bancorp(FITB) , Freeport-McMoRan(FCX) , Genuine Parts(GPC) , KeyCorp(KEY) , Nokia(NOK) , Novartis(NVS) , Philip Morris International(PM) , Quest Diagnostics(DGX) , Safeway(SWY) , Scholastic(SCHS) , Southwest Airlines(LUV) , Textron(TXT) , Travelzoo(TZOO) , Union Pacific(UNP) and UnitedHealth(UNH) .
The late tape is slated to see reports from Advance Micro Devices(AMD) , Capital One Financial(COF) , Chipotle Mexican Grill(CMG) , Dole Food(DOLE) , E*Trade Financial(ETFC) , NCR(NCR) , Rambus(RMBS) and SanDisk(SNDK) .