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As a followup to tonight's first post regarding the weekly preview for economic data this week, let us now take a look at the earnings preview for the week ahead.

Monday January 28th

• Corning (NYSE:GLW) Corning is a company that seems to be doing pretty well lately, but it seems wall street remains somewhat skeptical because of the fast changing economic conditions. The company is expected to report 39 cents per share.
• Black and Decker (NYSE:BDK) BDK obviously has a lot of exposure to the housing industry so its profit picture has been fairly bleak. The market is expecting $1.03 per share for this quarter though, so the company is showing some relative strength.
• Halliburton (NYSE:HAL) Considering the huge run that oil has had in the past two years, most would be shocked to hear that HAL sits about $2 below where it did two years ago on this date. Analysts and market participants seem skeptical of current management at HAL.
• McDonald's (NYSE:MCD) One of the most impressive turnaround stories of the past few years, MCD is back to being a market leader these days. The international growth will be watched closely in this report. The market is expecting 71 cents per share.
• SanDisk (Nasdaq:SNDK) SNDK has been under a huge amount of pressure in the past 12 months. The stock is down more than 50% and is near a 52 week low. Estimates have stayed firm despite the stocks terrible performance.
• Sysco (NYSE:SYY) Yes this is the other Sysco, the food service provider. The company is expected to bring in 43 cents per share on Monday morning.
• VMWare (NYSE:VMW) VMW hasn't been public very long, but it already is one of the most volatile tech names. The company is expected to bring in 21 cents per share.

Tuesday January 29th

• Burlington Northern Santa Fe (NYSE:BNI) Can BNI continue the positive earnings momentum that CSX started for this group? This Buffett fave has some high expectations.
• Eli Lilly (NYSE:LLY) Pharmaceuticals have been showing themselves pretty well so far this earnings season. LLY is expected to report 89 cents.
• EMC (NYSE:EMC) This company needs to show growth in businesses outside of its VMW spinoff. The street wants more clarity from EMC on its businesses and future growth.
• Occidental Petroleum (NYSE:OXY) OXY, like many other oil players has seen a sharp selloff in its share price in the last three weeks. The market is expecting $1.69 Tuesday morning.
• U.S. Steel (NYSE:X) X has done quite well in the past year and investors will be watching to see if its past positive performance is going to continue into the near future.
• Zimmer Holdings (NYSE:ZMH) Zimmer is a healthcare company that used to have a reputation for consistently beating expectations and growing impressively, but costs have risen and growth has slowed of late.

Wednesday January 30th

• Altria (NYSE:MO) This high-dividend paying stock and blue chip of the Dow is expected to report 97 cents per share. The stock yields 4% currently.
• Amazon.com (Nasdaq:AMZN) AMZN is expected to report 48 cents per share after the close on Wednesday. AMZN has really picked up its profitability ratios of late, encouraging investors and analysts.
• Baker Hughes (NYSE:BHI) Baker Hughes is actually trading fairly close to its 52 week low despite the huge runup in oil in the past year. The company has actually missed estimates 2 of the past 4 quarters though, so this will be one to watch.
• Evergreen Solar (Nasdaq:ESLR) ESLR will have a lot of eyes watching its earnings release because of the questionable results from other solar plays. Solar plays were so hot just a few months ago, but have cooled a lot since that time.
• Hess Corporation (NYSE:HES) Another major oil service company reporting this week, HES is expected to report $1.66 per share.
• Kellogg (NYSE:K) This convenience food maker, usually seen as a safe growth play, will report Wednesday before the bell. The market is expecting K earnings to grow at about 9% year over year.
• Pulte Homes (NYSE:PHM) Pulte and the other homebuilders have gotten a rare nice boost in the past week from the interest rate cut. Investors will be hoping to hear something not too terribly negative about the future of the housing market.
• Boeing (NYSE:BA) Boeing has been dogged by constant delays of the 787 dreamliner, but it seems the rest of the business is being discounted at this point. The market is expecting $1.32 per share Wednesday morning.
• United Parcel Service (NYSE:UPS) UPS is expected to report $1.13 per share on Wednesday at 7:45 am. The stock has traded in a tight range in the past year.

Thursday January 31st

• Altera Corporation (Nasdaq:ALTR) This semiconducter company is expected to report 17 cents per share Thursday afternoon. Semis have fallen out of favor of late so bulls need some good news here.
• Anheuser-Busch (NYSE:BUD) This leading beer brewer has seen its growth rate fall slowly of late, but it continues to be a industry leader. It is expected to report 32 cents per share.
• Celgene Corporation (Nasdaq:CELG) Celgene has come under some pressure about the sales of its key drug, Revlimid. Revlimid numbers and forecasts will be the key in this report.
• CVS Caremark (NYSE:CVS) CVS has been pulled down lately by its peers and their poor sales results. As of yet CVS has been able to stay away from significant issues, but skepticism remains.
• Electronic Arts (Nasdaq:ERTS) ERTS has come under a lot of pressure of late and sits near a 52 week low. It will report after the close Thursday.
• Google (Nasdaq:GOOG) The internet leader has finally broken down of late and technicians are watching this stock and its price action very closely. The market is looking for $4.43 from this stock.
• Mastercard (NYSE:MA) This global payment solutions company has had tremendous growth of late, and its stock has responded very positively. Investors have high hopes for this report.
• Raytheon (NYSE:RTN) The defense names like RTN have had impressive growth in the past couple of years, so investors want to see if this trend is expected to continue.
• Starwood (NYSE:HOT) The hotel and leisure group has come under pressure as investors bet that travelers will cut back as the economy slows. HOT will report Thursday morning.
• Under Armour (NYSE:UA) Under Armour is a fast growing hot stock that has gone cold very quickly. New growth methods are necessary and investors will be listening to future projections very closely.

Friday February 1st

• Chevron (NYSE:CVX) This big oil company is expected to report $2.25 per share Friday morning. The stock sits right in the middle of its 52 week range.
• Cummins (NYSE:CMI) CMI has been hit hard of late as economic worries slash estimates and its share price. Investors are looking for clarity here.
• Exxon Mobil (NYSE:XOM) Like most other oil stocks, XOM has had a fairly steep selloff of late. The market is looking for $1.95 from the company Friday morning.

This week of earnings is huge for investor optimism going forward in this very difficult stock market.

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