Coach will report earnings before the bell as the company looks to reverse its slide over the last year. Expectations have been adjusted downward but a miss could prove crucial for the handbag maker. Earnings were lackluster from IBM and Xilinx--but Jim Cramer is sticking with Xilinx, citing strong fundamentals. Both companies hit their targets but didn't meet investors' expectations on revenue. Big earnings out after the bell today, too--Netflix and eBay. Jonathan Marino at the Nasdaq Marketsite on a snowy Wednesday, Jan. 22, 2014.

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