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, Alcoa ( 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! Brands ( YUM) will also report earnings, along with Family Dollar ( 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 JPMorgan Chase ( JPM) and Wells Fargo ( WFC). 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.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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