Author: Gregory White and Vincent Fernando, CFA

Heading into the weekend, the selling is intensifiying.

Indices are down, and anyone associated with Deepwater is getting hammered again.

The Risk Trade Is Off — everything from stocks to commodities to risk currencies are accelerating to the downside.

Continuing Crisis In The Gulf: BP down 5.18%

Continuing Crisis In The Gulf: Transocean (RIG) down 3.3%

Continuing Crisis In The Gulf: Halliburton (HAL) down 6.97%

Big Shale Oil Purchase: Royal Dutch Shell (RDS) down 0.55%

Spanish Banking Consolidation: Santander (SAN.MC) up 1.57%

Worldwide iPad release: Apple (AAPL) up 0.64%

Hurricane Threats: Orange Juice up 1.27%

CEO Pay Scandal: Schlumberger (SLB) down 4.98%

Schlumberger’s CEO is ranked 10th in the world for pay, after a $15.4 million windfall.

Oil Drilling Permits Suspended: Anadarko (APC) down 5.2%

As a result of new U.S. government rules, Anadarko has had drilling permits suspended.

Worried about the future of oil? China isn’t.

See how China is investing in oil projects around the world >

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There’s huge activity today trading BP’s potential success and anything related to Europe’s continued blank check from China. Commodities also charging.

“Top Kill” Success? BP up 7.1%

“Top Kill” Success? Transocean (RIG) up 6.9%

Crude Oil: Surging higher up 4.08%

Big Winner: NetApp (NTAP) up 15.8%

NetApp reported strong 4th quarter fiscal profits, above analyst estimates.

China fears decline in Europe: Peugeot (France CAC) up 6.68%

Disappointing earnings: Monsanto (MON) down 7.8%

Monsanto reported disappointing earnings today, between $2.40 and $2.60 a share, rather than the anticipated $3.09 per share.

China fears decline in Europe: AVIVA (UK FTSE) up 6.7%

China fears decline in Europe: Abetis (Spain IBEX) up 8.12%

Microsoft fightback against Apple: Up 5.2%

Commodities: Palladium up 4.8%

Bonus Commodities: Platinum up 1.48%

Now check out these charts that show you why the BRICs will rule the next decade.

The evidence is all here >

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Earnings season is upon us, and the analyst expectations bar has been rising well ahead of it.

While many companies might be able to beat their earnings forecasts yet again, pay close attention to this bunch.

These are large cap U.S. companies with some of the highest profit growth expectations right now for both 2010 and 2011.

Even if they can wow analysts with Q1 profit growth, they’ll need to deliver outlooks bullish enough to sustain 2-years of high expectations.

The ones that do it will be America’s best growth stories. The ones that don’t will probably have their stocks punished. Analysts probably won’t warn you beforehand, since they’re in love with these guys:

Companies With Two Years Of Huge EPS Growth Forecasts >

Brazilian banking — Banco Santander Brazil (BSBR)

Earnings Per Share Growth Forecast 2010: 32.39%

Earnings Per Share Growth Forecast 2011: 77.19%

Market Capitalization: $44.46 Billion

Sector: Financial

Source: FinViz

Internet is still hot — Amazon (AMZN)

Earnings Per Share Growth Forecast 2010: 36.68%

Earnings Per Share Growth Forecast 2011: 30.58%

Market Capitalization: $63.20 Billion

Sector: Services

Source: FinViz

China plus internet? Even better — Baidu (BIDU)

Earnings Per Share Growth Forecast 2010: 41.45%

Earnings Per Share Growth Forecast 2011: 47.32%

Market Capitalization: $21.97 Billion

Sector: Technology

Source: FinViz

The ‘smart’ money — Blackstone Group (BX)

Earnings Per Share Growth Forecast 2010: 42.44%

Earnings Per Share Growth Forecast 2011: 42.86%

Market Capitalization: $16.7 Billion

Sector: Financial

Source: FinViz

A financial on the rebound — ING Group (ING)

Earnings Per Share Growth Forecast 2010: 42.48%

Earnings Per Share Growth Forecast 2011: 35.04%

Market Capitalization: $38.70 Billion

Sector: Financial

Source: FinViz

Healthcare — Boston Scientific Corporation (BSX)

Earnings Per Share Growth Forecast 2010: 49.97%

Earnings Per Share Growth Forecast 2011: 36.84%

Market Capitalization: $11.13 Billion

Sector: Healthcare

Source: FinViz

Oil refining — Valero Energy Corp (VLO)

Earnings Per Share Growth Forecast 2010: 66.31%

Earnings Per Share Growth Forecast 2011: 134.83%

Market Capitalization: $10.82 Billion

Sector: Basic Materials

Source: FinViz

Another financial — AEGON NV (AEG)

Earnings Per Share Growth Forecast 2010: 82.97%

Earnings Per Share Growth Forecast 2011: 85.00%

Market Capitalization: $12.4 Billion

Sector: Financial

Source: FinViz

Motorola (MOT)

Earnings Per Share Growth Forecast 2010: 97.42%

Earnings Per Share Growth Forecast 2011: 119.05%

Market Capitalization: $16.92 Billion

Sector: Technology

Source: FinViz

Yet another financial — PNC Financial Services (PNC)

Earnings Per Share Growth Forecast 2010: 102.12%

Earnings Per Share Growth Forecast 2011: 31.37%

Market Capitalization: $32.61 Billion

Sector: Financial

Source: FinViz

Apparently they don’t need cash for clunkers — Ford (F)

Earnings Per Share Growth Forecast 2010: 113.23%

Earnings Per Share Growth Forecast 2011: 37.86%

Market Capitalization: $45.56 Billion

Sector: Consumer Goods (automotive)

Source: FinViz

Yes, another financial (note a trend) — Wells Fargo (WFC)

Earnings Per Share Growth Forecast 2010: 150.69%

Earnings Per Share Growth Forecast 2011: 51.32%

Market Capitalization: $168.93 Billion

Sector: Financial

Source: FinViz

International Paper Company (IP)

Earnings Per Share Growth Forecast 2010: 151.39%

Earnings Per Share Growth Forecast 2011: 42.48%

Market Capitalization: $12.16 Billion

Sector: Consumer Goods

Source: FinViz

Nuclear energy — Cameco Corp (CCJ)

Earnings Per Share Growth Forecast 2010: 161.27%

Earnings Per Share Growth Forecast 2011: 31.10%

Market Capitalization: $10.25 Billion

Sector: Basic Materials

Source: FinViz

One of the few untarnished Wall St. firms left — JP Morgan (JPM)

Earnings Per Share Growth Forecast 2010: 178.41%

Earnings Per Share Growth Forecast 2011: 48.15%

Market Capitalization: $181.08 Billion

Sector: Financial

Source: FinViz

And of course, another financial — Capital One (COF)

Earnings Per Share Growth Forecast 2010: 614.47%

Earnings Per Share Growth Forecast 2011: 75.23%

Market Capitalization: $19.80 Billion

Sector: Financial

Source: FinViz

Don’t believe the hype? Check out why this recession is completely different.

Richard Koo spells it out here >

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