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  • Stock Market Watch Starting April 16: What To Look For This Earnings Week 0 comments
    Apr 17, 2012 7:51 AM | about stocks: GS, IBM, JNJ, KO, YHOO, ABT, AXP, BK, EBAY, QCOM, YUM, AMD, FCX, BAC, MS, GE, KMB, MCD

    Earnings season is getting into full swing with JP Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) having already reported earnings last week while Citigroup (NYSE:C) reported earnings on Monday.

    What to Watch for This Earnings Week

    Today, Goldman Sachs Group (NYSE:GS) will report earnings before the market opens, International Business Machines (NYSE:IBM) will report earnings with no time supplied, Johnson & Johnson (NYSE:JNJ) will report earnings before the market open, The Coca-Cola Company (NYSE:KO) will report earnings before the market opens and troubled Yahoo! (NASDAQ:YHOO) will report earnings with no time supplied.

    On Wednesday, Abbott Laboratories (NYSE:ABT) will report earnings before the market opens, American Express (NYSE:AXP) after the market closes, Bank of New York Mellon (NYSE:BK) before the market opens, eBay (NASDAQ:EBAY) after the market closes, Qualcom (NASDAQ:QCOM) after the market closes and Yum! Brands (NYSE:YUM) after the market closes; while on Thursday, Advanced Micro Devices (NASDAQ:AMD) will report earnings with no time supplied, Bank of America (NYSE:BAC) before the market opens, Freeport-McMoRan Copper & Gold (NYSE:FCX) before the market opens and Morgan Stanley (NYSE:MS) before the market opens; and on Friday, General Electric (NYSE:GE) will report earnings with no time supplied, Kimberly-Clark (NYSE:KMB) before the market opens and McDonald's (NYSE:MCD) before the market opens.

    I should mention that the above stocks are just a few of the big companies reporting earnings this week. Hence, there is likely going to be plenty of action in the stock market for investors and traders alike.

    However, it's worth remembering that earnings will also be competing with concerns about Europe along with a more economic data releases. Specifically, reports on housing starts and building permits are set to come out today followed by more weekly jobless claims on Thursday when all eyes will be on the Spanish debt auction.

    So far this earnings season, Citigroup (C) rose 1.77% after reporting stronger than expected adjusted Q1 earnings - a continuation of a trend from Friday when JP Morgan (JPM) and Wells Fargo (WFC) reported earnings. Hence, investors should probably assume that most banking and financial services stocks will continue to report what can be described as decent earnings.

    Alcoa (NYSE:AA) has also already reported an earnings surprise in that it had a profitable first quarter after reporting a forth quarter loss. On the other hand, it's also on the frontlines of any slowdown in China.

    What Should Investors and Traders Do This Week?

    So what should you be doing this week? To start with and if you are an investor with a long-term time horizon, you should just out on the sidelines and wait for a market consensus to form before making any new investment buys or sells. On the other hand and if you are an active trader, keep an eye on our stock forecasts for some of the major stocks noted above that will be reporting earnings. And while obviously cannot predict what their earnings will be, it will help you make a better and more confident trading decision about a stock's directional change.


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