NEW YORK ( TheStreet) -- Second quarter earnings season remains in high gear. Four key companies reported after the close on Wednesday and I tracked the up and down volatility in after hours trading. There are many key earnings releases next week, and today I profile six companies that report on Monday.On Wednesday the market focused on comments from Fed Chief Bernanke before the House Financial Services Committee and today his comments continue before the Senate Banking Committee. Bernanke re-iterated his theme that QE3 and QE4 plus a 0% funds rate is still required to stimulate the economy. In my opinion Federal Reserve policy has not worked and will not work. The latest Beige Book released Wednesday afternoon reported that the U.S. economy continues to grow at a modest to moderate pace. I found a couple of questionable comments in the Beige Book. If residential construction shows strong demand, why did housing starts decline by 9.9% in June? If the economy has a solid base, why are many businesses reluctant to hire full time employees? These four key companies reported after the close on Wednesday: American Express ( AXP) ($76.80) set a multi-year high at $78.63 on July 15 and was trading lower going into its quarterly earnings report. The credit card company beat EPS estimates by 5 cents earning $1.22 per share, but missed revenue expectations and the stock continued lower in after hours trading to at least $75.75. The stock has a hold rating with a quarterly value level at $68.18 and monthly and semiannual pivots at $76.35 and $78.27. eBay ( EBAY) ($57.38) challenged its multi-year high at $58.04 set on April 11 before its earnings release. The company matched EPS estimates earning 54 cents per share and beat on the revenue line, but the performance of PayPal was below expectations and the stock traded down to $53.80 in after hours trading. This buy rated stock has a semiannual value level at $51.69 with a semiannual pivot at $56.21 and a monthly risky level at $58.11. IBM) ($194.55) traded as low as $188.41 on June 28, but with a buy rating this proved to be a buying opportunity. After the close on Wednesday IBM reported an EPS beat of 13 cents, earning $3.91 per share. The stock popped above $200 in after-hours trading despite missing on the revenue line. My weekly value level is $188.88 with a monthly risky level at $203.60.