Week Ahead: FOMC Announcement, Facebook, Twitter Report Earnings

The earnings parade is in full swing and there are a number of key economic data points on deck in the trading week ahead.
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The earnings parade is in full swing and there are a number of key economic data points on deck in the trading week ahead. Traders will be focused on the FOMC announcement on Wednesday to look for more clues on the timing of an interest rate hike, which will certainly impact commodities, commodity-based stocks and ETFS as well as the financial sector. Other key data include S&P Case Shiller, pending home sales, GDP, consumer confidence and Chicago and Dallas manufacturing. The theme so far this earnings season is the tremendous moves in the momentum names like Google (GOOGL), Amazon (AMZN) and Netflix (NFLX) due to blowout quarters and strong guidance. All eyes will be on Twitter (TWTR) Tuesday as the stock and company continues to struggle. On Wednesday industrial conglomerate Eaton (ETN), payment processor MasterCard (MA) and Facebook (FB) report. On Thursday energy stock Occidental Petroleum (OXY) and Starwood Hotels & Resorts deliver earnings. OXY has been trading in sympathy with the energy sector as crude struggles to find a bottom, while trends in the travel industry remain strong.