Stocks that I am watching for the coming week:

Electronic Arts (ERTS) announces earnings tomorrow after the bell. The stock has dropped to its 52 week low price of $14.66. I will be interested to see what the company’s earnings were for the past quarter. I still think that the EA franchise has value and if the shares stay around this level; it may be a buying opportunity.

General Electric (GE) set a new 52 week low today at $11.51. I have been accumulating GE shares at $11.87 and below recently. I know that GE Finance is 40% of GE’s earnings and that they are divesting themselves of some of their businesses. But I have a hard time seeing GE as a $12 stock 5 or 10 years from now. I am getting more concerned about the dividend as the stock drops. The shares either need to rise back to $15 or the dividend is gone. A 10% yield just cannot last.

There is a lot of talk about Wells Fargo (WFC) needing to slash its dividend. I honestly don’t know if this is true or not. Banks have such convoluted financial statements and so many off the balance sheet items that they make evaluating their financial position difficult. I have been disappointed by bank stocks before so it wouldn’t shock me. Wells remains a stock that I continue to buy for the long term.

Dow Chemical(DOW) hit the $10 level today. The stock dropped to$10.95. Tomorrow is probably the day when Dow will announce at least a 50% dividend cut. Dow is expected to announce earnings between 6 and 7 cents a share. This cannot support a dividend of $1.68 with a 14.5% yield. An interesting side note is that Dow Chemical has a market cap of 10 billion dollars. If Dow is forced to buy Rohm & Haas at the 15.3 billion dollar price, Dow will be buying a company that is worth 50% more than Dow. This deal would potentially bankrupt Dow.