Friday morning, before market open, "New" Merck will webcast its second quarter 2010 operating results. We'll cover it -- and the guessing game of predicting the same, right here this week (CNN leads us off, this morning, below):
. . . .As a strong July draws to a close, the earnings reporting period is just heating up, with 157 of the biggest companies in the country due to open their books in the week ahead.
Standouts include Dow components Boeing (Tues.), DuPont (Wed.), Exxon Mobil (Thurs.), and Chevron and Merck (Friday). Also, BP (BP) reports Tuesday, the first snapshot of the company's performance during the quarter in which the oil spill began. . . .
"It's a tug-of-war between the stronger earnings and the signs that the economy is not recovering as rapidly as it has after other recessions," said Donald Selkin, chief market strategist at National Securities. . . .
J&J's slightly off-results, and BristolMyersSquibb's confusing ones further obscure any guesses about Merck. Still, I'll collect the guesses, such as they are, here -- during the week ahead.
Of course, I'll live blog the noteworthy parts of the results on Friday -- assuming I am not off-the-grid at that time on Friday morning (which is still unclear as I write this).
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