This is Earnings season !

How will market react ??? What is to expect from companies ???

LVS (NYSE): will be a better quarter than Q2 even if i do not expect a profit. Should be a lot better than 137.5 M$ loss in Q2. Should be announced end of october.

ETFC (NYSE): Could be another bad quarter considering provision for losses on mortgages but we can see light at the end of the tunnel as i expect the % to decrease. The return on the market by traders will increase their revenues much more than anticipated.

NRI (TSE): Nothing will happen until fda answer on Pennsaid. I expect a positive answer but not unconditional. It should also be their best quarter ever.

RF (NYSE): I would not be surprise by a good quarter and especially a good 2010 forecast as the recession will end gradually over the next 6-12 months. Provisions will be less and profit up.

DAN (NYSE): Good quarter but outlook will still show lack of spending for cars from customers. I expect good results and maybe close to a profit.

PXLW(NYSE): will again show improvement on profit even if sales are not there yet.

TVI(TSE): This one could be the surprise of this earning season. With 4 ore shipments this quarter it could be their best quarter ever and a great profit. This one could double when numbers will be published.

OCNF(NYSE): Still bumpy...Hard to figure out results as they are renting ships. They have a good balance sheet and i still expect some interesting results. But i do not expect great surprise until 2010. It is still time to accumulate their shares.

WCS.A (TSE): They face same problems and results than DAN (NYSE) and i do not expect great results until 2010.

Some more stocks will be put on my radar screen this week as we do have some movers. But too early to say if it is on momentum or real profit. Stay tune...

Enjoy the bumpy ride for the next couple of weeks and it all starts with Alcoa being the first to announce their results. Then the market will find it's direction. I do expect some kind of surprise and good 2010 outlook. If that is the case, that will indicate a very good rally to come.

Have fun