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Friday will certainly be another busy day, although perhaps the slowest this week. We expect to see earnings on about 100 stocks. The following stocks in particular caught my eye. These are the biggest ones offering the most liquid markets to profit from. If you own these names or are looking to buy before the release, you may want to think about protecting from the downside in case of a miss through options.

Just as important, if you are considering writing options due to the "unusual" premium, know that the price may have a very fast and far move after each company reports. I am including some of the key numbers that I believe should be looked at before investing into earnings.

Merck & Co. Inc. (MRK) is a $110.47 billion market cap company that trades an average of 11.16 million shares per day. Merck is a global health care company.

Click on charts below to enlarge:


The company reported (basic) $0.34 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.70. During earnings season, Beta generally will increase. A Beta of 1 moves up and down with the market at an equal pace (equal amount of "volatility" as the overall market). Companies with a Beta of less than 1 have a history of relative price stability. Companies with a Beta over 1 have a history of relatively larger price swings compared to the overall market. At $35.39, the price is currently above the 200 day moving average of 35.00. The Quick Ratio is 1.48 (generally the higher the better). The next reporting quarter estimated mean earnings are $0.95 per share. Analyst estimates range between $0.9 and $1 per share.



The current trailing twelve months (ttm) P/E ratio is 66.897 and the forward P/E ratio is 9.19. The stock has a price to book ratio (ttm) of 2.04. The price to sales ratio is 2.41.

In the last month, the stock has moved in price 2.52%, with a one year change of 1.47%. Comparing to the S&P 500 price change, the price performance is -0.19% vs. the S&P 500 from a month ago, and the one year difference is -15.06% vs. the S&P 500 price change.



The annual growth rate of revenue is 67.66%. The last fiscal year had accounts receivable to sales percentage of 0.1597% compared to the same period a year earlier of 0.2407%. For the trailing twelve months, investors received $1.42 in dividends for a yield of 4.25%.

The company has rising revenue year-over-year of $45.99 billion for 2010 vs. $27.43 billion for 2009. The bottom line has falling earnings year-over-year of $861.00 million for 2010 vs. $12.90 billion for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $2.37 billion for 2010 vs. $2.39 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-110.840.920.088.95%
Dec-100.830.880.055.64%
Sep-100.820.850.033.14%
Jun-100.830.860.034.05%
Mar-100.750.830.0811.05%

Chevron Corporation (CVX) is a $216.24 billion market cap company that trades an average of 6.83 million shares per day. Chevron manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in petroleum operations, chemicals operations, mining operations, power generation and energy services.




The company reported (basic) $3.11 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.76. At $106.28, the price is currently above the 200 day moving average of 97.07. The Quick Ratio is 1.49. The next reporting quarter estimated mean earnings are $3.55 per share. Analyst estimates range between $3.26 and $3.69 per share.



The current trailing twelve months (ttm) P/E ratio is 10.333 and the forward P/E ratio is 7.83. The stock has a price to book ratio (ttm) of 1.74. The price to sales ratio is 0.92.

In the last month, the stock has moved in price 7.19%, with a one year change of 44.16%. Comparing to the S&P 500 price change, the price performance is 4.35% vs. the S&P 500 from a month ago, and the one year difference is 20.68% vs. the S&P 500 price change.



The annual growth rate of revenue is 18.4%. The last fiscal year had accounts receivable to sales percentage of 0.1042% compared to the same period a year earlier of 0.1052%. For the trailing twelve months, investors received $2.86 in dividends for a yield of 2.9%.

The company has rising revenue year-over-year of $199.29 billion for 2010 vs. $168.32 billion for 2009. The bottom line has rising earnings year-over-year of $19.02 billion for 2010 vs. $10.48 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $26.47 billion for 2010 vs. $15.24 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-113.013.090.082.67%
Dec-102.412.440.031.06%
Sep-102.151.87-0.28-12.91%
Jun-102.442.70.2610.61%
Mar-101.952.360.4121.28%

Newmont Mining Corporation (NEM) is a $32.08 billion market cap company that trades an average of 5.4 million shares per day.

Industry: Gold & Silver



The company reported (basic) $1.04 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.35. At $57.68, the price is currently above the 200 day moving average of 56.94. The Quick Ratio is 2.18. The next reporting quarter estimated mean earnings are $0.99 per share. Analyst estimates range between $0.71 and $1.12 per share.



The current trailing twelve months (ttm) P/E ratio is 12.76 and the forward P/E ratio is 12.48. The stock has a price to book ratio (ttm) of 2.3. The price to sales ratio is 3.22.

In the last month, the stock has moved in price 10.65%, with a one year change of 0.48%. Comparing to the S&P 500 price change, the price performance is 7.72% vs. the S&P 500 from a month ago, and the one year difference is -15.89% vs. the S&P 500 price change.



The annual growth rate of revenue is 23.82%. The last fiscal year had accounts receivable to sales percentage of 0.0702% compared to the same period a year earlier of 0.0701%. For the trailing twelve months, investors received $0.5 in dividends for a yield of 1.37%.

The company has rising revenue year-over-year of $9.54 billion for 2010 vs. $7.71 billion for 2009. The bottom line has rising earnings year-over-year of $2.28 billion for 2010 vs. $1.30 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $4.17 billion for 2010 vs. $2.99 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-111.001.040.043.82%
Dec-101.141.160.022.01%
Sep-100.951.080.1314.16%
Jun-100.800.77-0.03-3.91%
Mar-100.790.830.045.65%

Arch Coal Inc. (ACI) is a $5.77 billion market cap company that trades an average of 5.07 million shares per day. The company was founded in 1969 and is headquartered in St. Louis, Missouri. The current trailing twelve months (ttm) P/E ratio is 20.075 and the forward P/E ratio is 6.31. The stock has a price to book ratio (ttm) of 2.56.

Industry: Coal



The company reported (basic) $0.34 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.70. At $26.62, the price is currently below the 200 day moving average of 30.84. The Quick Ratio is 0.95. The next reporting quarter estimated mean earnings are $0.62 per share. Analyst estimates range between $0.5 and $0.89 per share.



The price to sales ratio is 1.8.

In the last month, the stock has moved in price 6.12%, with a one year change of 18.01%. Comparing to the S&P 500 price change, the price performance is 3.31% vs. the S&P 500 from a month ago, and the one year difference is -1.21% vs. the S&P 500 price change.



The annual growth rate of revenue is 23.69%. The last fiscal year had accounts receivable to sales percentage of 0.0792% compared to the same period a year earlier of 0.0898%. For the trailing twelve months, investors received $0.39 in dividends for a yield of 1.61%.

The company has rising revenue year-over-year of $3.19 billion for 2010 vs. $2.58 billion for 2009. The bottom line has rising earnings year-over-year of $158.86 million for 2010 vs. $42.17 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $323.98 million for 2010 vs. $123.71 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.320.360.0413.53%
Dec-100.440.33-0.11-25.1%
Sep-100.370.35-0.02-5.38%
Jun-100.250.270.029%
Mar-100.080.03-0.05-60.63%

Amgen, Inc. (AMGN) is a $50.86 billion market cap company that trades an average of 5.03 million shares per day. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California. The current trailing twelve months (ttm) P/E ratio is 11.26 and the forward P/E ratio is 9.86. The stock has a price to book ratio (ttm) of 2.21.

Industry: Biotechnology & Drugs



The company reported (basic) $1.21 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.46. At $54.07, the price is currently below the 200 day moving average of 55.84. The Quick Ratio is 3.21. The next reporting quarter estimated mean earnings are $1.3 per share. Analyst estimates range between $1.25 and $1.34 per share.



The price to sales ratio is 3.52.

In the last month, the stock has moved in price 10.68%, with a one year change of 12.55%. Comparing to the S&P 500 price change, the price performance is 1.37% vs. the S&P 500 from a month ago, and the one year difference is 1.67% vs. the S&P 500 price change.



The annual growth rate of revenue is 2.81%. The last fiscal year had accounts receivable to sales percentage of 0.1551% compared to the same period a year earlier of 0.144%.

The company has rising revenue year-over-year of $15.05 billion for 2010 vs. $14.64 billion for 2009. The bottom line has rising earnings year-over-year of $4.63 billion for 2010 vs. $4.61 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $5.55 billion for 2010 vs. $5.51 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-111.291.340.053.91%
Dec-101.101.170.076.21%
Sep-101.271.360.097.34%
Jun-101.301.380.086.33%
Mar-101.241.30.065.08%

Weyerhaeuser Company (WY) is a $11.12 billion market cap company that trades an average of 4.68 million shares per day. Weyerhaeuser was founded in 1900 and is based in Federal Way, Washington. The current trailing twelve months (ttm) P/E ratio is 4.78 and the forward P/E ratio is 22.93. The stock has a price to book ratio (ttm) of 1.32.

Industry: Forestry & Wood Products



The company reported (basic) $0.18 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.46. At $20.34, the price is currently below the 200 day moving average of 21.01. The Quick Ratio is 1.59. The next reporting quarter estimated mean earnings are $0.09 per share. Analyst estimates range between $0.03 and $0.19 per share.



The price to sales ratio is 0.93.

In the last month, the stock has moved in price -1.24%, with a one year change of 21.06%. Comparing to the S&P 500 price change, the price performance is -3.86% vs. the S&P 500 from a month ago, and the one year difference is 1.34% vs. the S&P 500 price change.



The annual growth rate of revenue is 18.52%. The last fiscal year had accounts receivable to sales percentage of 0.0078% compared to the same period a year earlier of 0.0058%. For the trailing twelve months, investors received $26.61 in dividends for a yield of 2.91%.

The company has rising revenue year-over-year of $6.55 billion for 2010 vs. $5.53 billion for 2009. The bottom line has rising earnings year-over-year of $1.28 billion for 2010 vs. $-545.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $468.00 million for 2010 vs. $-447.00 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.150-0.15NA%
Dec-100.050.10.0584.16%
Sep-100.100.250.15142.48%
Jun-100.060.20.14213.97%
Mar-10-0.10-0.030.07NA%

American Electric Power Company, Inc. (AEP) is an $18.16 billion market cap company that trades an average of 3.02 million shares per day. American was founded in 1906 and is based in Columbus, Ohio. The current trailing twelve months (ttm) P/E ratio is 14.88 and the forward P/E ratio is 11.74. The stock has a price to book ratio (ttm) of 1.27.

Industry: Electric Utilities



The company reported (basic) $0.73 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.59. At $37.79, the price is currently above the 200 day moving average of 36.41.

Looking further at the chart, I see the major moving averages are trending higher, which is bullish for trend followers. The Quick Ratio is 0.55. The next reporting quarter estimated mean earnings are $0.76 per share. Analyst estimates range between $0.7 and $0.83 per share.



The price to sales ratio is 1.2.

In the last month, the stock has moved in price 0.72%, with a one year change of 4.23%. Comparing to the S&P 500 price change, the price performance is -1.95% vs. the S&P 500 from a month ago, and the one year difference is -12.75% vs. the S&P 500 price change.



The annual growth rate of revenue is 6.95%. The last fiscal year had accounts receivable to sales percentage of 0.249% compared to the same period a year earlier of 0.1625%. For the trailing twelve months, investors received $1.71 in dividends for a yield of 4.88%.

The company has rising revenue year-over-year of $14.43 billion for 2010 vs. $13.49 billion for 2009. The bottom line has falling earnings year-over-year of $1.21 billion for 2010 vs. $1.36 billion for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $2.66 billion for 2010 vs. $2.77 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.800.820.022.69%
Dec-100.400.38-0.02-4.23%
Sep-101.051.150.19.71%
Jun-100.690.740.056.97%
Mar-100.790.76-0.03-3.61%

Newell Rubbermaid Inc. (NWL) is a $4.67 billion market cap company that trades an average of 3.02 million shares per day. The company was founded in 1903 and is headquartered in Atlanta, Georgia. The current trailing twelve months (ttm) P/E ratio is 14.44 and the forward P/E ratio is 8.42. The stock has a price to book ratio (ttm) of 2.92.

Industry: Personal & Household Products.



The company reported (basic) $0.26 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.73. At $14.69, the price is currently below the 200 day moving average of 17.82. The Quick Ratio is 0.86. The next reporting quarter estimated mean earnings are $0.42 per share. Analyst estimates range between $0.39 and $0.51 per share.



The price to sales ratio is 0.96.

In the last month, the stock has moved in price -3.02%, with a one year change of -5.63%. Comparing to the S&P 500 price change, the price performance is -5.59% vs. the S&P 500 from a month ago, and the one year difference is -21% vs. the S&P 500 price change.



The annual growth rate of revenue is 3.26%. The last fiscal year had accounts receivable to sales percentage of 0.1733% compared to the same period a year earlier of 0.1603%. For the trailing twelve months, investors received $0.2 in dividends for a yield of 2.12%.

The company has rising revenue year-over-year of $5.76 billion for 2010 vs. $5.58 billion for 2009. The bottom line has rising earnings year-over-year of $292.80 million for 2010 vs. $285.50 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $629.90 million for 2010 vs. $574.90 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.280.30.027.87%
Dec-100.320.340.026.02%
Sep-100.410.420.012.79%
Jun-100.440.510.0716.25%
Mar-100.180.250.0735.65%

Calpine Corporation (CPN) is a $7.51 billion market cap company that trades an average of 2.48 million shares per day. The company was founded in 1984 and is based in Houston, Texas. The forward P/E ratio is 79.57. The stock has a price to book ratio (ttm) of 1.4.

Industry: Electric Utilities



The company reported (basic) $0.61 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.37. At $16.72, the price is currently above the 200 day moving average of 14.67. The Quick Ratio is 1.75.



The price to sales ratio is 0.99.

In the last month, the stock has moved in price 4.92%, with a one year change of 20.89%. Comparing to the S&P 500 price change, the price performance is 2.14% vs. the S&P 500 from a month ago, and the one year difference is 1.2% vs. the S&P 500 price change.



The annual growth rate of revenue is 1.27%. The last fiscal year had accounts receivable to sales percentage of 0.1022% compared to the same period a year earlier of 0.116%.

The company has rising revenue year-over-year of $6.55 billion for 2010 vs. $6.46 billion for 2009. The bottom line has falling earnings year-over-year of $31.00 million for 2010 vs. $149.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $901.00 million for 2010 vs. $1.01 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11-0.14-0.23-0.09NA%
Dec-100.060.110.0585.81%
Sep-100.380.3-0.08-21.18%
Jun-100.06-0.09-0.15NA%
Mar-10-0.10-0.32-0.22NA%

CapitalSource, Inc. (CSE) is a $2.02 billion market cap company that trades an average of 2.27 million shares per day. The company was founded in 2000 and is headquartered in Chevy Chase, Maryland. The current trailing twelve months (ttm) P/E ratio is 24.7 and the forward P/E ratio is 12.6. The stock has a price to book ratio (ttm) of 1.11.

Industry: Regional Banks

The company reported (basic) $0.01 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 2.60. At $6.10, the price is currently below the 200 day moving average of 6.75. The next reporting quarter estimated mean earnings are $0.03 per share. Analyst estimates range between $0.01 and $0.07 per share.



The price to sales ratio is 12.26.

In the last month, the stock has moved in price 3.47%, with a one year change of 20.15%. Comparing to the S&P 500 price change, the price performance is 0.73% vs. the S&P 500 from a month ago, and the one year difference is 0.58% vs. the S&P 500 price change.



The annual growth rate of revenue is 146.95%. For the trailing twelve months, investors received $0.04 in dividends for a yield of 0.64%.

The company has rising revenue year-over-year of $185.76 million for 2010 vs. $-395.69 million for 2009. The bottom line has rising earnings year-over-year of $-109.25 million for 2010 vs. $-869.02 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.080.01-0.07-86.67%
Dec-100.040.02-0.02-54.13%
Sep-100.070.240.17268.1%
Jun-10-0.080.060.14NA%
Mar-10-0.16-0.67-0.51NA%

American Axle & Manufacturing Holdings, Inc. (AXL) is a $853.82 million market cap company that trades an average of 2.11 million shares per day. The company was founded in 1994 and is headquartered in Detroit, Michigan. The current trailing twelve months (ttm) P/E ratio is 5.87 and the forward P/E ratio is 4.86.

Industry: Auto & Truck Parts



The company reported (basic) $0.51 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 2.43. At $10.73, the price is currently below the 200 day moving average of 12.03. The Quick Ratio is 0.83. The next reporting quarter estimated mean earnings are $0.44 per share. Analyst estimates range between $0.32 and $0.57 per share.



The price to sales ratio is 0.42.

In the last month, the stock has moved in price 2.53%, with a one year change of 21.83%. Comparing to the S&P 500 price change, the price performance is -0.18% vs. the S&P 500 from a month ago, and the one year difference is 1.98% vs. the S&P 500 price change.



The annual growth rate of revenue is 50.04%. The last fiscal year had accounts receivable to sales percentage of 0.0642% compared to the same period a year earlier of 0.0852%.

The company has rising revenue year-over-year of $2.28 billion for 2010 vs. $1.52 billion for 2009. The bottom line has rising earnings year-over-year of $115.40 million for 2010 vs. $-253.10 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $204.10 million for 2010 vs. $-203.80 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.380.50.1230.72%
Dec-100.390.470.0821.67%
Sep-100.390.520.1332.05%
Jun-100.260.360.136.73%
Mar-100.220.2200.00%

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources.



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

Source: 11 Companies to Consider That Are Reporting Earnings on Friday