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From AbbVie to Wells Fargo: Prepare for Q2 Earnings Season

July 11, 2018

While the real fireworks came last week, I still expect that July will end with a bang. Second-quarter earnings season is just around the corner, and it's shaping up to be a strong one. According to FactSet, analysts expect the S&P 500 will post 20.0% annual earnings growth and 8.7% annual revenue growth. If the S&P 500 pulls this off, this would be the highest earnings growth in eight years and the strongest sales growth in seven years.

So you can bet that it is going to spur some big swings in the market. To prepare for this, let's preview some of the biggest earnings announcements coming at us over the next few weeks. I'll provide what the analyst community's expectations are for each stock plus my take on whether the upcoming earnings announcement is a buying opportunity.

The Good
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth Total Grade
ABBV AbbVie Inc. Jul 26/b 18.0% 39.4% B
ABT Abbott Laboratories Jul 18/b 16.7% 14.5% B
ALGN Align Technology, Inc. Jul 25/a 32.4% 28.2% A
ANTM Anthem, Inc. Jul 25/b 2.2% 24.3% B
BA The Boeing Company Jul 25/b 5.0% 35.7% A
BAX Baxter International Inc. Jul 26/b 9.1% 12.7% B
CAT Caterpillar Inc. Jul 30/b 22.5% 83.2% B
CME CME Group Inc. Jul 26/b 14.2% 40.7% B
CNC Centene Corp. Jul 24/b 16.6% 11.9% A
COP ConocoPhillips Jul 26/b 10.0% 621.4% A
CVX Chevron Corp. Jul 27/b 32.4% 130.8% B
HLT Hilton Worldwide Holdings Inc. Jul 25/b 5.5% 36.5% B
ILMN Illumina, Inc. Jul 31/a 18.7% 35.4% B
INTC Intel Corp. Jul 26/a 13.0% 31.9% B
ISRG Intuitive Surgical, Inc. Jul 19/a 16.0% 26.3% B
LYB LyondellBasell Industries N.V. Jul 27/b 10.9% 3.5% B
MA Mastercard Inc. Jul 26/b 19.8% 40.0% A
MCO Moody's Corp. Jul 27/b 14.8% 23.4% B
MSFT Microsoft Corp. Jul 19/a 18.3% 1.9% B
NEE NextEra Energy, Inc. Jul 25/b 3.7% 7.5% B
NOC Northrop Grumman Corp. Jul 25/b 11.3% 21.0% B
OKE ONEOK, Inc. Jul 31/a 30.8% 103.0% B
ORLY O'Reilly Automotive, Inc. Jul 25/a 6.0% 30.6% B
PGR The Progressive Corp. Jul 17/b 19.1% 81.4% B
PSX Phillips 66 Jul 27/b 18.9% 99.1% B
PYPL PayPal Holdings, Inc. Jul 25/a 21.4% 21.7% B
RTN Raytheon Company Jul 26/b 3.6% 24.3% B
SHW The Sherwin-Williams Company Jul 24/b 25.2% 25.2% B
SPGI S&P Global Inc. Jul 26/b 6.2% 23.8% A
TROW T. Rowe Price Group, Inc. Jul 25/b 14.4% 19.3% B
TWTR Twitter, Inc. Jul 27/b 20.7% 100.0% A
TXN Texas Instruments Inc. Jul 24/a 7.3% 27.2% B
UNH UnitedHealth Group Inc. Jul 17/b 12.1% 23.2% B
UNP Union Pacific Corp. Jul 19/b 6.9% 33.1% B
V Visa Inc. Jul 25/a 11.4% 26.7% A
VFC V.F. Corp. Jul 20/b 13.1% 13.8% A
VLO Valero Energy Corp. Jul 26/b 18.4% 62.6% A
VZ Verizon Communications Inc. Jul 24/b 3.9% 19.8% B
WY Weyerhaeuser Company Jul 27/b 11.0% 46.4% B


The Bad
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth Total Grade
AFL Aflac Inc. Jul 26/a 1.4% 7.6% C
AMGN Amgen Inc. Jul 26/a -1.2% 8.0% C
AMT American Tower Corp. Jul 31/b 5.9% 2.5% C
AXP American Express Company Jul 18/a 21.1% 23.8% C
BAC Bank of America Corp. Jul 16/b -3.8% 23.9% C
BMY Bristol-Myers Squibb Company Jul 26/b 5.4% 16.2% C
BSX Boston Scientific Corp. Jul 25/b 9.6% 6.3% C
COF Capital One Financial Corp. Jul 19/a 4.1% 34.0% C
CSX CSX Corp. Jul 17/a 1.1% 32.8% C
DFS Discover Financial Services Jul 26/a 8.9% 34.3% C
DLR Digital Realty Trust, Inc. Jul 26/a 34.1% -22.2% C
EBAY eBay Inc. Jul 19/a 14.6% 13.3% C
EW Edwards Lifesciences Corp. Jul 26/a 12.3% 5.6% C
F Ford Motor Company Jul 25/a -0.7% -35.7% C
GM General Motors Company Jul 25/b 0.1% -1.1% C
GOOG Alphabet Inc. Jul 23/a 24.0% 91.4% C
JPM JPMorgan Chase & Co. Jul 13/b 6.2% 22.0% C
PFE Pfizer Inc. Jul 31/b 3.4% 10.4% C
QCOM QUALCOMM Inc. Jul 25/a -2.2% -14.5% C
SCHW The Charles Schwab Corp. Jul 17/b 16.5% 48.7% C
TMO Thermo Fisher Scientific Inc. Jul 25/b 6.0% 22.5% C
WM Waste Management, Inc. Jul 25/b 2.6% 24.7% C

The Ugly
Symbol Company Name Earnings Date Est. Sales Growth Est. Earnings Growth Total Grade
AGN Allergan plc Jul 26/b -2.7% 2.0% F
ALXN Alexion Pharmaceuticals, Inc. Jul 26/b 7.2% 9.0% D
C Citigroup Inc. Jul 13/b 3.2% 21.9% D
CELG Celgene Corp. Jul 26/b 12.9% 15.4% F
CHTR Charter Communications, Inc. Jul 31/b 4.5% 94.2% D
CL Colgate-Palmolive Company Jul 27/b 4.0% 8.3% D
CMCSA Comcast Corp. Jul 26/b 3.1% 15.4% F
D Dominion Energy, Inc. Jul 27/b 12.5% 20.9% D
DAL Delta Air Lines, Inc. Jul 12/b 8.5% 4.9% D
ECL Ecolab Inc. Jul 31/b 6.7% 12.4% D
GD General Dynamics Corp. Jul 25/b 18.1% 2.9% D
GE General Electric Company Jul 20/b -0.6% -39.3% F
GILD Gilead Sciences, Inc. Jul 25/a -27.3% -39.1% D
GLW Corning Inc. Jul 25/b 3.2% -11.9% F
GS The Goldman Sachs Group, Inc. Jul 17/b 10.7% 17.7% D
HON Honeywell International Inc. Jul 20/b 7.3% 11.7% D
IBM International Business Machines Corp. Jul 18/a 3.2% 3.4% D
JNJ Johnson & Johnson Jul 17/b 8.1% 12.6% D
KMB Kimberly-Clark Corp. Jul 24/b 2.1% 6.0% F
KO The Coca-Cola Company Jul 25/b -11.6% 1.7% D
LUV Southwest Airlines Co. Jul 26/b 0.5% 0.8% F
MCD McDonald's Corp. Jul 26/b -11.7% 13.5% D
MCK McKesson Corp. Jul 26/b 3.7% 17.1% F
MDLZ Mondelez International, Inc. Jul 31/a 4.4% 12.5% D
MO Altria Group, Inc. Jul 26/b -1.2% 18.8% F
MRK Merck & Co., Inc. Jul 27/b 3.9% 2.0% D
PEP PepsiCo, Inc. Jul 10/b 1.5% 9.5% D
PG The Procter & Gamble Company Jul 31/b 3.3% 5.9% D
PM Philip Morris International Inc. Jul 19/b 9.2% 8.8% F
RCL Royal Caribbean Cruises Ltd. Jul 26/b 6.3% 13.5% D
SBUX Starbucks Corp. Jul 26/a 10.5% 10.9% F
T AT&T Inc. Jul 24/a -1.4% 3.8% D
UTX United Technologies Corp. Jul 24/b 6.6% -0.5% D
WDC Western Digital Corp. Jul 26/a 4.7% 19.5% D
WFC Wells Fargo & Company Jul 13/b -2.2% 4.7% D

Sincerely,

Louis Navellier

Louis Navellier

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