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Zacks Earnings Preview: Jones Apparel Group, McKesson Corporation, Owens Corning, Penske Automotive Group and Sprint Nextel.

Publication: Business Wire
Publication Date: 26-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
http://www.zacks.com/

CHICAGO -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Jones Apparel Group (NYSE: JNY), McKesson Corporation (NYSE: MCK), Owens Corning (NYSE: OC), Penske Automotive Group (NYSE: PAG) and Sprint Nextel (NYSE: S).

To see more earnings analysis, visit http://at.zacks.com/?id=3207.

Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=3567.

The Week's Events

Investors will be inundated with earnings reports this week. More than 800 companies are scheduled to release third-quarter reports. Within this group are 149 S&P 500 members.

We'll get our first look at how well the economy fared in the third quarter with the advance GDP report. Economists are expecting a return to growth with a 3.1% expansion. Any number below 3% could cause a negative reaction in the equity markets.

* Tuesday: September Durable Goods Orders, October Conference Board Consumer Confidence, August Case-Shiller housing price index

* Wednesday: September new home sales, weekly crude inventories,...

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