NEW YORK (
TheStreet) -- With the start of earnings season this week,
TheStreet's Brittany Umar, Jill Malandrino and Andrew Krill break down what to be watching.
Monday after the close,
(AA) reports its earnings results. The company is in the midst of a massive turnaround effort, as aluminum prices remain compressed. With the company's plans to close an Italian plant, it will cost about $0.03 per share, or between $30 million and $35 million.
Wednesday will have investors anxious, with both earnings and the
Federal Reserve due up. The FOMC minutes will be closely watched for any hints as to when tapering may commence.
(YUM) will also report earnings, along with
(FDO), where investors will look to see if the improving economy has driven sales to other merchants.
On Thursday the international trade report for the month of June will be released at 8:30 a.m. EDT. The report will give investors a gauge of the trade balance.
Friday morning will also have some action with reports from
. The latter has been one of the most consistent earnings reporters over the last several years, according to Umar.
The June PPI figure will also be released on Friday morning, at 8:00 a.m. EDT. The report measures the price of goods at the wholesale level.
-- Written by Bret Kenwell in Petoskey, Mich.