Ahead of Earnings: Cisco, Akamai, Whole Foods, GM

Includes: AKAM, CSCO, GM, WFM
by: Stock Traders Daily

The broader equity markets are coming off of an impressive week of gains and traders will be looking to the companies still waiting to report their Q4 earnings to continue to push the markets higher. As we approach the middle of this week, a few mega caps will be the focus of attention on Wall Street.

Here are four stocks for traders to keep an eye on in the coming days.

A Global Network

After the closing bell on Wednesday, Cisco Systems (Nasdaq: CSCO) will be announcing its fiscal Q2 results. The consensus on Wall Street is that the network solutions company will report EPS of $0.35 compared to $0.40 in the year-ago quarter. Sales are expected to rise by 4.2% over the company’s fiscal Q2 in 2010.

Last quarter, Cisco experienced double-digit gains in both its top and bottom line results. The company continued along its path of expansion with multiple acquisitions including that of ExtendMedia, a video publishing management company. Shares of Cisco have already added 9.0% so far this year.

Another tech name that traders will be betting on prior to Wednesday is Akamai Technologies (Nasdaq: AKAM). Analysts are calling for the company to report EPS of $0.38 versus $0.46 in the prior year quarter. Total revenue is expected to increase by 18.8% on a year-over-year basis. Shares of AKAM have gained 89.1% since this time last year.

Organic Growth

Subsequent to the market close on Wednesday, Whole Foods Market (Nasdaq: WFMI) will announce its fiscal Q1 results. Analysts are projecting that the supermarket chain will report quarterly EPS growth of 40.6% on total revenue 12.9%. Shares of WFMI have risen 4.8% year-to-date.

Whole Foods is fresh off of a very impressive fiscal Q4 in which its identical store sales grew by 8.7%. The company has plans to broaden its presence in the months ahead. Whole Foods has signed 20 new leases over the course of the past year and is planning to open an even greater number of new stores next year.

One other stock for traders to watch prior to its earnings release in Wednesday is the automobile manufacturer General Motors (NYSE: GM). The consensus among analysts is that the company will check in with EPS of $0.47 on total revenue of $34.1 billion. Shares of GM have been virtually flat so far this year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.