There are a ton of companies reporting this week, so here are some predictions for what we'll see. To see my formal preview for the technology and consumer sectors, click here.
Coinstar (NASDAQ:CSTR): Coinstar will report after the bell Monday, which is curious because the company just announced a streaming partnership with Verizon (NYSE:VZ) this morning to rival Netflix (NASDAQ:NFLX). It's odd that they would announce this the morning of their earnings call, and I'm almost wondering if this means they will report a bad number. I'm not going to say they will, but it almost looks like they want to hide something with this unusual timing.
Panera (NASDAQ:PNRA): The food retailer reports tomorrow after the bell. I would expect a good report, but this name is currently trading at all time highs. If we close near $160 or even above it going in, I'd think people might take some profits. Be careful buying into earnings when stocks are at all time highs.
Cisco (NASDAQ:CSCO): The networking company will report Wednesday afternoon. They've done well in the past two quarters, but the stock has run up a ton. It might sell off afterwards. I also lean towards the short side on this one given the recent warnings we've seen from similar names in the space, including Acme Packet (NASDAQ:APKT), Juniper Networks (NYSE:JNPR), and Riverbed (NASDAQ:RVBD).
Sprint (NYSE:S): Sprint's first quarter with the iPhone. It will be fun to watch. They've really improved their income statement numbers lately, but a big loss is still expected. Analyst expectations are low, so a beat is entirely possible. They still have a lot of debt though, and if they didn't do well this quarter, 2012 will be a tough year.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.