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Wednesday, July 10, 2013

Today's Earnings Preview: (NYSE: YUM), (NYSE: MSM), (NYSE: TXI), (NYSE: FDO), (NASDAQ: FAST)

Yum! Brands Inc (NYSE: YUM) is expected to earn $0.54 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.45 per share to as high as $0.61 per share. For the same quarter last year, the company earned $0.67 per share. Revenues are expected to come in at $2.93B. Shares of Yum! Brands Inc fell by 0.86% or $-0.625/share to $72.04. In the past year, the shares have traded as low as $59.68 and as high as $74.75. On average, 3268480 shares of YUM exchange hands on a given day and today's volume is recorded at 985413. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $70.31 area where the stock will likely see buying pressure.

MSC Industrial Direct Co Inc (NYSE: MSM) is expected to earn $0.97 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.92 per share to as high as $0.99 per share. For the same quarter last year, the company earned $1.10 per share. Revenues are expected to come in at $635.18M. Shares of MSC Industrial Direct Co Inc traded higher by 0.53% or $0.42/share to $80.33. In the past year, the shares have traded as low as $61.39 and as high as $87.92. On average, 398054 shares of MSM exchange hands on a given day and today's volume is recorded at 290603. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $80.98 represents resistance and the 50-day moving average of $80.20 would be an area of support.

Texas Industries Inc (NYSE: TXI) is expected to earn $0.20 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.03 per share to as high as $0.39 per share. For the same quarter last year, the company earned $0.08 per share. Revenues are expected to come in at $199.71M. Shares of Texas Industries Inc fell by 5.32% or $-3.76/share to $66.92. In the past year, the shares have traded as low as $37.83 and as high as $75.30. On average, 222754 shares of TXI exchange hands on a given day and today's volume is recorded at 177756. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $67.44 represents resistance and the 200-day moving average of $62.36 would be an area of support.

Family Dollar Stores Inc (NYSE: FDO) is expected to earn $1.03 per share for quarter ended May 13. Estimates from Wall Street analysts ranged from as low as $0.98 per share to as high as $1.08 per share. For the same quarter last year, the company earned $1.06 per share. Revenues are expected to come in at $2.57B. Shares of Family Dollar Stores Inc traded higher by 6.46% or $4.13/share to $68.08. In the past year, the shares have traded as low as $54.06 and as high as $72.54. On average, 1387550 shares of FDO exchange hands on a given day and today's volume is recorded at 5865585. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $62.57 area where the stock will likely see buying pressure.

Fastenal Co (NASDAQ: FAST) is expected to earn $0.41 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.39 per share to as high as $0.45 per share. For the same quarter last year, the company earned $0.38 per share. Revenues are expected to come in at $857.13M. Shares of Fastenal Co fell by 2.91% or $-1.37/share to $45.73. In the past year, the shares have traded as low as $39.17 and as high as $53.38. On average, 1768710 shares of FAST exchange hands on a given day and today's volume is recorded at 2996624. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $48.17 area but be careful because the stock may face selling pressure at this level.