This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Coming Week: Earnings Flood

"If we get past the elections, earnings are OK and oil comes back down, then you have the makings for a fairly positive environment," Liro said. "But a lot of things have to fall into place."

Among the Dow components due to report next week are 3M (MMM) and IBM on Tuesday, General Motors (GM), J.P. Morgan (JPM) and Pfizer (PFE) on Wednesday, Citigroup (C - Get Report) on Thursday and United Technologies (UTX) and General Electric (GE - Get Report) on Friday.

Internet giants Yahoo! and eBay will report on Tuesday and Wednesday, respectively. Analysts expect Yahoo! to earn 11 cents a share compared with just 5 cents last year. eBay is projected to earn 34 cents a share, up from 22 cents last year.

While earnings will take the spotlight, a handful of economic reports also will be closely watched for any clues about the future path of interest rates.

Last week, St. Louis Fed President William Poole suggested that the Fed could drop its plan to raise rates at a "measured" pace at some point in the future. So far, the bank has been raising rates in quarter-point increments.

Atlanta Fed President Jack Guynn recently stressed that labor costs, energy and import prices all are rising, and hinted that the amount of slack in the economy might be overstated. Meanwhile, Boston Fed President Cathy Minehan said "economic growth could well tighten pressure on resources faster than I expect."

"These comments reveal that the Fed is comfortable with keeping rate hikes slow and steady for now, but it would not take much to tip the scales in favor of 50-basis-point moves," said Sherry Cooper, chief economist at BMO Nesbitt Burns.

Perhaps the most significant report on tap next week will be the consumer price index on Wednesday. Economists expect the index to climb 0.1%, with the core rate up 0.2%.

Housing starts and the Fed's beige book also are due out Wednesday, and the Conference Board's index of leading economic indicators is scheduled for Thursday. The Philadelphia Fed survey and the Michigan consumer sentiment survey for early January will be released Friday.

The markets will be closed Monday in observance of the Martin Luther King Jr. holiday.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs