Companies at Risk of Pre-Announcing

Today should be the start of a very quiet week, with the quarter ending and a more limited menu of economic data in store. Friday is the Independence Day holiday, obviously, which means absenteeism will be high all week, especially from mid-day Thursday on. My mind will be in the same place as I gaze out at the azure waters of Lake Okoboji in northwest Iowa, where I am now happily ensconced for the summer.

What could disrupt the approaching financial serenity? The same risk that always appears this time of the quarter ... we are now entering that most scary week for long investors, pre-announcement season. For companies that are closing the books and realizing they will not match up to consensus expectations, now is the time that they confess. (The offset -- if a holding does not preannounce this week or next, you can feel pretty confident they made the quarter, although that is no guarantee of good forward guidance.) The SEC requires that companies disclose material news as soon as it is known with confidence, so poorly performing companies are required to blow up their investors now, whether they like it or not. At least the kind ones wait until July 1, so they don't blow your quarterly performance on the last day. Evil managements don't wait ......273 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.