GO
Loading...

4 Earnings That Will Probably Disappoint

With companies facing a slower economy, European woes and the so-called fiscal cliff, the Street has been taking down estimates across the board.

But have estimates come down enough?

With a slew of reports about to wash over the Street, the Fast Money pros reveal which companies that think could still disappoint.

IBM

Trader Simon Baker, CEO at Baker Avenue Asset Management, is skeptical of Big Blue. “I think they could be in a little trouble,” he says. “The barely got through earnings last quarter – I think they’re going to have a tough time especially with currency headwinds as strong as they are. I’d play it short into earnings.”

--------------------

Dell

Trader Stephanie Link, director of research at TheStreet, says, “Dell bothers me. They have so much exposure to PC’s – about 30% of their revenue comes from PC sales (and evidence suggests PC sales are slowing.) Also, the stock isn’t cheap. I think there’s more downside.”

--------------------

Caterpillar

Trader Stephen Weiss, managing partner at Short Hills Capital, is bearish on Caterpillar because the company is tethered to global growth. “And they based their earnings outlook on an economic forecast that’s out of whack – I think they miss this quarter and lower guidance going forward.”

--------------------

OshKosh

Trader Jon Najarian, co-founder OptionMonster.com, says that as the maker of fire engines, OshKosh is very vulnerable to cut backs. “The same is true of the defensive side of their business.”



Posted by CNBC's Lee Brodie

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On July 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephen Weiss is short JCP; Stephen Weiss is long QCOM; Jon Najarian is long AAPL; Jon Najarian is long C; Jon Najarian is long JPM; Jon Najarian is long EAT; Jon Najarian is long INTC; Jon Najarian is long CIGX; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long GLUU

For Nicole Miller Regan
The following companies have been investment banking clients of Piper Jaffray during the past 12 months BBRG
The following companies have been investment banking clients of Piper Jaffray during the past 12 months GMCR
The following companies have been investment banking clients of Piper Jaffray during the past 12 months IRG
Piper Jaffray expects to have the following companies as investment banking clients within the next three months: BAGL
Piper Jaffray expects to have the following companies as investment banking clients within the next three months: IRG
Other material conflicts of interest for Nicole Miller Regan or Piper Jaffray regarding companies in my universe for which I am aware include: IRG
Piper Jaffray received non-investment banking securities-related compensation from the following companies during the past 12 months: SONC
Piper Jaffray makes a market in the securities of the following companies, and
will buy and sell the securities of these companies on a principal basis: BAGL
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BBRG
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BJRI
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BKW
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CAKE
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CBOU
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CCSC
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: DNKN
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: GMCR
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: IRG
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PEET
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PNRA
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RRGB
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RUTH
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SBUX
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SONC

For Anthnoy Polini
Raymond James & Associates received non-investment banking securities-related compensation within the past 12 months from C

For Robert Carroll
UBS Securities LLC makes a market in the securities and/or ADRs of this company: MAT




CNBC.com with wires.

Contact Halftime Report

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET