“Earnings season is shifting into high gear in the final week of January, with six Dow Jones components, and more than a fifth of the S&P 500 companies reporting. With the Dow rallying to its highest level since October 2007 and the S&P hitting 1,500, expectations are building for a range of industries to reveal a strengthening economy.
We’ll hear from a number of industrials, including Caterpillar Monday morning andBoeing before the bell Wednesday. With so much focus on the Dreamliner debacle, investors will hope to hear more guidance on how it’ll impact the company’s bottom line. And Caterpillar will be watched as a bellwether for the global economy.
(Read More: Whistleblower Says Dreamliner Batteries Could ‘Explode’.)
Internet companies will be in focus with Facebook reporting its fourth quarter results after the bell Wednesday. With the stock making dramatic gains on various new monetization efforts, Wall Street’s waiting to see whether the company will live up to heightened expectations.
When Yahoo reports after the bell Monday we’ll hear what kind of progress CEO Marissa Mayer is making in her brief tenure. While Facebook and Yahoo reveal what’s happening with online advertising, we’ll get a peek into the TV advertising market when Viacom reports Thursday morning.
When Amazon reports after the bell Tuesday we’ll see how well its Kindle lineup sold over the all-important holiday season. On the component side, we’ll hear fromVMWare Monday afternoon, EMC Tuesday morning, and Qualcomm Wednesday afternoon….”
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