INFY, GPC, BAC, PRK, VIRC Expected To Be Down After Next Earnings Releases
April 14, 2011 / M2 PRESSWIRE / BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released Friday, April 15th 2011 and determining how the stocks have performed After their last 12 quarterly, 6 quarterly and 6 Consecutive Days earnings reports. INFOSYS TECHNOLOGIES-SP ADR (NASDAQ:INFY), GENUINE PARTS CO (NYSE:GPC), BANK OF AMERICA CORP (NYSE:BAC), PARK NATIONAL CORP (AMEX:PRK), VIRCO MFG CORPORATION (NASDAQ:VIRC) are all expected to be Down After their earnings are released Friday. The movement of stock prices in the days and weeks leading to and following these earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The # of Reports in the table below shows how many previous quarterly reports comprise the indicator that predicts how a stock will act after its earnings are released. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The following stocks are expected to go Down After earnings are released Friday:
Symbol Company # of Reports Quarter Release Time INFY INFOSYS TECHNOLOGIES-SP ADR 6 Quarter Q4 Before GPC GENUINE PARTS CO 6 Quarter Q1 Before BAC BANK OF AMERICA CORP 6 Quarter Q1 Before PRK PARK NATIONAL CORP 6 Quarter Q1 After VIRC VIRCO MFG CORPORATION 12 Quarter Q4 AfterThis technology is designed to help the stock trader identify those companies that seem to have a consistent pattern of movement before or after the earnings release date, based on the history of earnings releases for that company. It combines a calendar of expected earnings releases with a history of past earnings releases in a way that lets you see if a pattern exists.
INFOSYS TECHNOLOGIES-SP ADR (NASDAQ:INFY) - Infosys Technologies Limited provides information technology (IT) and consulting services worldwide. It offers IT services, such as application, architecture, independent validation and testing, information management, infrastructure, packaged application, SOA, systems integration, and knowledge services; product engineering services, manufacturing process and plant solutions, and product lifecycle management services; and consulting services in the areas of information and technology strategies, product innovation, next generation commerce, process excellence, and learning and complex change. The company also provides business process outsourcing solutions in the areas of business platforms, customer service outsourcing, finance and accounting, human resources outsourcing, legal services, sales and fulfillment, and sourcing and procurement outsourcing. In addition, it offers collaborative analytics solutions; digital consumer platform; Finacle universal banking solution; iProwe, a Web accessibility assessment product; mConnect, a real-time enterprise middleware; and research and analytical support services. Further, the company offers unified communications and collaboration solution that streamlines business processes between employees, customers, and suppliers; iTransform that helps healthcare organizations accelerate transition to new platforms; and supply chain visibility and collaboration product suite. It serves aerospace and defense, airlines, automotive, banking, capital markets, communication services, consumer packaged goods, manufacturing, education, energy, healthcare, high technology, hospitality and leisure, insurance, life sciences, logistics and distribution, publishing, resources, studios and networks, utilities, and retail industries. Infosys Technologies Limited has a strategic partnership with Alstom SA. The company was founded in 1981 and is headquartered in Bangalore, India.
GENUINE PARTS CO (NYSE:GPC) - Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company operates in four segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group segment distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment. This segment also distributes accessory items used in the automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It owns and operates automotive parts distribution centers and automotive parts stores under the NAPA name. The Industrial Parts Group segment distributes industrial replacement parts and related supplies, such as bearings, mechanical power transmission, industrial automation, hose, hydraulic and pneumatic components, industrial supplies, and material handling products. This segment serves various industries, including the food, forest products, primary metal, paper, mining, automotive, petrochemical, and pharmaceutical industries. The Office Products Group segment involves in the wholesale distribution of a line of office and other business related products that are used in the daily operation of businesses, schools, offices, and institutions. The Electrical/Electronic Materials Group segment distributes insulating and conductive materials, assembly tools, test equipment, and custom fabricated parts. This segment provides distribution services to original equipment manufacturers, motor repair shops, and assembly markets. The company was founded in 1928 and is headquartered in Atlanta, Georgia.
BANK OF AMERICA CORP (NYSE:BAC) - Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The companys Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.
PARK NATIONAL CORP (AMEX:PRK) - Park National Corporation operates as a bank holding company that engages in the commercial banking and trust business. It accepts deposits for demand, savings, and time accounts, as well as services these accounts. The company also offers commercial, industrial, consumer, and real estate lending, as well as installment loans, credit cards, home equity lines of credit, and commercial leasing. In addition, it provides trust and wealth management services, cash management, safe deposit operations, electronic funds transfer, online Internet banking with bill pay service, and various banking-related services for individual customers. Further, the company offers aircraft financing to customers comprising small businesses and entrepreneurs intending to use the aircraft for business or pleasure in the United States and Canada; consumer finance services; and fixed and variable annuities, life insurance, property and casualty insurance, and investment products through licensed representatives. Additionally, it operates as a title agency serving residential and commercial customers, who are seeking title insurance for purchases, construction, and refinancing of real estate in the central Ohio area. As of December 31, 2009, the company operated 145 financial service offices located primarily in 28 Ohio counties, 1 county of Kentucky, 6 Florida counties, and 1 county of Alabama. It also operated a network of 168 automated teller machines. The company was founded in 1908 and is based in Newark, Ohio.
VIRCO MFG CORPORATION (NASDAQ:VIRC) - Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs, and folding tables. It also offers seating products under various barand names, including ZUMA; ZUMAfrd that features Fortified Recycled Wood plastic seats, backrests, and work surfaces; The Sage, which serves students in college, university, and other adult education settings, as well as high school campuses; Sage tablet arm model for high school and adult learning venues; Ph.D.task chairs; I.Q. Series classroom chairs; and Virtuoso chairs. Its table products include TEXT table collections for learning environments; Lunada tables for seminar, conference, and related settings; Plateau tables; traditional folding and banquet tables, activity tables and office tables; and the computer tables and mobile tables. Virco also offers computer furniture, such as keyboard mouse trays, CPU holders, and support columns; desks and workstations; and specialty tables and other products for computing applications. In addition, the company offers desks/chair desks related products, including teacher desks and tablet arm units; and Parameter collection of desks, returns, and credenzas for teachers, principals, and district administrators, as well as business environments. Further, it offers administrative office furniture, such as desks, returns, bookcases, and other items; laboratory furniture for biology and chemistry classes, and other school and college based lab settings; mobile furniture that includes mobile chairs for school settings and offices; storage equipment comprising stackable storage trucks; and chairs and folding tables for convention center, arena, and auditorium customers. Virco Mfg. Corporation founded in 1950 and is based in Torrance, California.
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