MINNEAPOLIS ( Stockpickr) -- The earnings reports are coming fast and furious. So far it is a mixed bag. With stocks hitting Dow 12,000 today for the first time since June 2008, the numbers will have to be more inspiring. Perhaps that is what we will see with the plethora of reports coming during the remainder of the week.Steel companies U.S Steel ( X) and AK Steel ( AKS) reported losses for the fourth quarter. Excluding items, AK Steel posted a loss of 49 cents per share. Analysts were expecting a loss of 64 cents per share. More important, the steel company was optimistic in its guidance for 2011. The news sent AK Steel shares up by more than 7.5%. Those betting against Eastman Kodak ( EK) were rewarded with a big stock dump on Tuesday. Shares plunged more than 13% after a court determined that Apple ( AAPL) and Research In Motion ( RIMM) did not violate Kodak patents with respect to viewing photos on popular cell phone devices. Related: 3 Stocks Poised to Break Out Rubbing salt in the wound was Kodak's earnings report. The company missed revenue and profit estimates. Citing a 25% decline in digital revenue, Kodak lost 37 cents per share vs. the analyst estimate of a 2-cent loss. That is a big miss and offers further evidence that the former film giant is becoming irrelevant in the age of smartphone devices. For the rest of the week we get numbers from companies in a variety of sectors. We'll get a good read on the economy with the results. Here is a look at some of the many companies reporting results the rest of the week. Altria Tobacco king Altria ( MO) is likely to report strong earnings when it releases results on Thursday. No matter what transpires in the economy, tobacco does well. This company is a cash cow. As for the stock, shares of Altria have done well in the past year, faring better than the overall market. Considering the stock pays a 6% dividend, the more-than-double-digit total return is fantastic. Given the addictive nature of its products the stock is a near no brainer. Despite the gains, shares of Altria trade for just 12 times 2011 estimates. Traders may find an opportunity owning this stock in advance of earnings should the company beat estimates as it has done in two of the last three quarters.
Twitter and become a fan on Facebook.