Stocks To Watch For July 29

Some of the stocks that may grab investor focus today are: Wall Street expects Merck & Company Inc MRK to report its Q2 EPS at $0.95 on revenue of $11.78 billion. Merck shares dropped 0.74% to close at $34.93 yesterday. Starbucks Corp SBUX reported its Q2 profit at $279 million, or $0.36 per share, up from $208 million, or $0.27 per share, in the year-earlier period. Its sales surged to $2.9 billion, from $2.6 billion. Starbucks' same-store sales climbed 8%. However, analysts were expecting earnings of $0.34 per share on revenue of $2.85 billion. Starbucks also raised its fiscal 2011 forecast. SBUX shares surged 1.43% to $40.55 in the after-hours trading session. Analysts are expecting Amgen Inc AMGN to have earned $1.28 per share on revenue of $3.78 billion in the second quarter. Amgen shares climbed 2.75% to $54.90 in after-hours trading. Expedia Inc EXPE reported its Q2 profit at $140.4 million, or $0.50 per share, up from $114.3 million, or $0.40 per share, in the year-ago quarter. Its revenue climbed to $1.02 billion, from $834 million. On an adjusted basis, Expedia's earnings came in at $0.55 per share. However, analysts were expecting earnings of $0.49 per share on revenue of $964.5 million. Expedia shares jumped 5.45% to $30.57 in the after-hours trading session. Analysts expect Chevron Corporation CVX to report its Q2 EPS at $3.56 on revenue of $71.58 billion. Chevron shares fell 0.03% to $105.00 in after-hours trading. Trading Ideas.