As I perused what positions to close this weekend, Huron Consulting (HURN) looked like a good candidate but I wanted to give these guys 1 more chance with earnings out this week. I consider Huron Consulting to be the Goofus of the sector [Mar 27: Adding to Huron Consulting on Earnings Warning] but enough is enough - it's warnings have gone from mildly amusing to annoying. They "beat" but that's because they warned in March... so it's not a real beat in my book; it's a "Wall Street" beat. Huron Consulting Group Inc (HURN) posted a quarterly profit above market estimates, helped by a 32 percent rise in revenue from its health and education consulting segment, but slashed its 2008 outlook. The weak outlook comes at a time when the credit crisis in the United States is widely being seen as a boon for consulting companies. ...

Notable Earnings calls for Tuesday

Here are the earnings calls we’ll be keeping an eye on tomorrow:

Cisco Systems Inc. (CSCO) is forecast to post earnings of 36 cents a share excluding stock option costs in the fiscal third quarter, according to analysts surveyed by FactSet Research.

Fannie Mae (FNM) is estimated to report loss of 81 cents a share in the first quarter, according to analysts surveyed by FactSet Research.

Qwest Communications International Inc. (Q) is projected to post a first- quarter profit of 10 cents a share, according to analysts surveyed by FactSet Research.

MGM Mirage (MGM) is likely to report a first-quarter profit of 44 cents a share, according to analysts surveyed by FactSet Research.

Molson Coors Brewing Co. (TAP.NV.T) is expected to report first-quarter earnings of 25 cents a share, according to analysts …

There are many Wall Street adages. Some seem to have predictive power, including the idea that one should "sell in May and go away." Such slogans have extra influence because of the catchy, alliterative qualities. When Indicators Conflict There are a number of conflicting adages at the moment. There is the Presidential Election Cycle. We have not been big fans of this because the causal model is elusive. This year, however, we have both the Fed eases and the stimulus package. If ever the theory were to work, this might be the time. We also note that the popular bearish commentators embraced the theory when it suggested market weakness, but have fallen silent during the period when it suggested strength. This should be interesting to contrarian investors. There are technical considerations. Can the market break through apparent resistance? That is the current battleground for traders. There ...