Tickers in this Article: COP, MRO, DOW, MT, BTU, CLF
Wednesday will be a busy day for analysts as many companies will be announcing their quarterly results. Names in the commodity space reporting should experience better bottom line results as the pricing environment for these companies has improved dramatically over the past couple of years. Here are four commodity stocks for investors to watch on Wednesday.

TUTORIAL: Exchange-Traded Funds

Splitting Up
Prior to the market open on Wednesday, the oil and gas producer ConocoPhillips (NYSE:COP) will announce its Q2 earnings. Analysts are calling for the company to report a 31.7% climb in EPS on a 28.5% pop in total revenue when compared to the year-ago quarter. Shares of COP have risen 10% so far this year.

What is probably more intriguing to shareholders is the company's plan to pursue a plan to split its exploration and refining businesses into two separate stand-alone companies. This move has the potential to unlock a lot of value for shareholders just as it did for Marathon Oil (NYSE:MRO) which made a similar move earlier on this year. Strong earnings could also help keep the company's stock price on an upward trajectory just as it has been for much of the past two years.

Dow Chemical (NYSE:DOW) will also be reporting its Q2 results before the opening bell on Wednesday. The consensus on Wall Street is that the company will announce a 50.0% increase in EPS on an 8.2% rise in total revenue versus the prior year quarter. Shares of DOW are up 5% year-to-date.

Material Madness
The steel producing giant Arcelor Mittal (NYSE:MT) is slated to check in with its Q2 results on Wednesday. The company is expected to announce a 24.0% upswing in quarterly EPS on a 13.8% ascent in total revenue. Shares of this stock have fallen 15% since the beginning of the year.

Arcelor Mittal recently announced that Peabody Energy (NYSE:BTU) and itself are making a $5.1 billion takeover proposal for Macarthur Coal. If the deal ultimately succeeds, Arcelor Mittal will be able to expand its global reach into Australia. MT shares have not received much of a boost since the announcement, but a takeover could pay dividends down the road for shareholders.

One other materials stock for investors to keep an eye on Wednesday is the mining and natural resources company Cliffs Natural Resources (NYSE:CLF) which is preparing to announce its Q2 results after the market close. Analysts are expecting the company to check in with a 93.2% gain in EPS on a 51.7% increase in total revenue in comparison to the year-ago quarter. CLF shares have advanced 28.0% on the year.

The Bottom Line
The commodity space has come a long way since bottoming out in 2009. Pricing has been steadily improving and the trend is bound to contribute to the earnings growth of these companies now and in the quarters ahead. On Wednesday, investors should be able to see tangible results of the progress that has been made and what can be expected heading into Q3. (These decision-making tools play an integral role in corporate finance and economic forecasting. To learn more, see Using Decision Trees In Finance.)

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