In "What to Watch on Wall Street" for Friday Jan. 29, we'll close out the final week of January with a few more quarterly reports. The morning will be busy with Chevron (CVX) - Get Report , MasterCard (MA) - Get Report and Honeywell International (HON) - Get Report  all telling us how they did in the latest quarter.

Analysts are calling for MasterCard to report earnings of $0.69 a share on revenue of a little under $2.5 billion. Compared to a year ago, the top line is expected to grow while the bottom line is projected to remain unchanged.

The company's international business is expected to remain strong. But investors will be wondering how the company is dealing with competitor PayPal Holdings (PYPL) - Get Report capturing market share as it takes business away from the traditional card industry.

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Molly Henningsen, research analyst for CNBC's "Mad Money" said, "When MasterCard reports on Friday, investors will be focused on how currency headwinds and low gas prices are affecting the company's customer spending volume. Gas prices were 24% lower year-over-year in December and currency challenges continue to weigh on cross border spending.

"Investors will also want to get an update on the company's strategy of diversifying away from its core payments business."

There are several reports on the economic calendar. The day kicks off with the GDP numbers along with the Bureau of Labor Statistics' Employment Cost Index. Shortly after, we'll get the Chicago Purchasing Managers' Index, followed by the consumer sentiment numbers at 10 a.m. ET.

TheStreet's U-Jin Lee reports from New York.