Big Earnings Week (July 22-27)

Last week I did OK on the earning plays, but I got slaughtered on my longer term holdings. MER and UTC were pushes. INTC I am losing on. NE and SLB are doing very well and I expect them to keep going up. SLB calls more than doubled. But there are a ton of Earnings this week, so watch you holdings. Lots of oil companies, areospace, airlines, housing, and tech reporting this week. Here are some of the Earnings being reported this week:

HAL - reports before market opens on Monday! Oil stocks should be up all day, IMHO

After market on Monday/Before Market on Tuesday
INTL, TXN, NFLX, TIE, T/EMC, MCD, LMT, BTU

After market on Tuesday/Before Market on Wednesday
AMZN, HOKU, NTRI/APD, BA, COP

BUD - Reports during hours on Wed

After market on Wed/Before Market on Thursday
AAPL, AMCC, BIDU, LSI, PHM, RYL/ABB, APA, BZH, CMI, DHI, DO, XOM, LVLT, NTDOY (Nintendo!), POT, RTN, SI/SYNA

CVX - During hours Thursday. Should be a shot in the arm on Thursday.

Friday after the close

MTW

brain fart

AAPL and Texas Instruments will be the Tech biggies. Also BIDU is interesting on how they are doing. Just slightly worried that AAPL may not kill earnings, but I think they will make big increases the future projections.

I was thinking it was one of the oil services companies for some reason. I am not play any agriculture companies, but they have been doing well. It is probably a sector I should watch more.

SAN FRANCISCO (Dow Jones) -- Among the companies whose shares are expected to see active trading on Monday are American Express Co., Merck & Co., and Texas Instruments Inc.

Altera Corp. (ALTR) is expected to report second-quarter earnings of 19 cents a share, according to a survey of analysts by Thomson Financial.

American Express (AXP) is expected to post earnings of 86 cents a share for the second quarter.

Halliburton Co. (HAL) is expected to report second-quarter earnings of 56 cents a share.

Hasbro Inc. (HAS) is expected to post earnings of 17 cents a share for the second quarter.

Merck (MRK) is expected to report second-quarter earnings of 72 cents a share.

Netflix Inc. (NFLX) is expected to post earnings of 23 cents a share for the second quarter.

Pactiv Corp. (PTV) is expected to report second-quarter earnings of 48 cents a share.

Schering-Plough Corp. (SGP) is expected to post earnings of 35 cents a share for the second quarter.

Texas Instruments (TXN) is expected to report second-quarter earnings of 42 cents a share.

Weatherford International Ltd. (WFT) is expected to post earnings of 70 cents a share for the second quarter.

Halliburton 2nd-quarter net doubles; operations exceed view
By Robert Daniel
Last Update: 6:43 AM ET Jul 23, 2007

NEW YORK (MarketWatch) -- Halliburton Co., (HAL :
Halliburton Company (HAL 36.57, +0.17, +0.5% ) the Houston oil-services company, reported second-quarter net income more than doubled, reflecting a special gain, on 20% higher revenue. Earnings reached $1.53 billion, or $1.62 a share, from $591 million, or 55 cents, in the year-earlier period. The latest figure reflects a gain of $933 million from the separation of KBR Inc. Earnings from continuing operations were 63 cents against 47 cents. A survey of analysts by Thomson Financial produced a consensus estimate of 56 cents for the quarter. Revenue reached $3.74 billion from $3.12 billion. Thomson's survey was looking for $3.51 billion. The quarter was driven by increased energy-services business, particularly in the Eastern Hemisphere, Halliburton said in a statement. End of Story

My game plan for the week is to play the oil companies before earnings, bet on AAPL, and short Housing stocks prior to reporting. And then bet on AAPL some more.

TIE is getting beaten down for some reason, down almost 2%. May be a good time to get in before earnings which are announced tonight.

NETFLIX - Takes a hit tomorrow and probably for a long time to come unless it comes up with a new business model.

Netflix reports first drop in subscriptions
Monday July 23, 6:09 pm ET
By Gina Keating

LOS ANGELES (Reuters) - Netflix Inc (NasdaqGS:NFLX - News), the largest online DVD rental company, reported its first-ever quarterly drop in subscriptions and missed Wall Street revenue targets in the face of fierce competition from Blockbuster Inc. (NYSE:BBI - News)

The company also cut its forecasts for subscribers, revenue and profit for the year on Monday, and its shares fell 4.5 percent further in extended trading.