In order for the Bulls to continue the eighth month of this bear market rally, third-quarter earnings results will need to deliver against the current consensus of 24% year-over-year earnings declines. If any disappointments rise to the surface this week and show a prolonged recession in the cards, look for a period of consolidation or correction on the horizon. Stay nimble and break out your magnifying glasses this week — you’ll want to take a second look at the real numbers.
Key Earnings on Deck This Week:
Monday (10/19) – Apple (AAPL), BB&T (BBT), Gannett (GCI), Hasbro (HAS), Jefferies (JEF), PetMeds (PETS), Texas Instruments (TXI)
Tuesday (10/20) – Bank of New York Mellon (BK), Blackrock (BLK), C.H. Robinson Worldwide (CHRW), Caterpillar (CAT), Coach (COH), Gilead Sciences (GILD), Illinois Tool Works Inc. (ITW), Intuitive Surgical (ISRG), Pfizer (PFE), SanDisk (SNDK), State Street (STT), Stryker (SYK), Coca-Cola (KO), UnitedHealth Group (UNH), Yahoo! (YHOO), Western Union (WU)
Wednesday (10/21) – Altria Group (MO), Ameriprise (AMP), Amgen (AMGN), Citrix (CTXS), Covanta (CVA), Ebay (EBAY), Eli Lilly (LLY), Freeport-McMoran (FCX), Genzyme (GENZ), Hudson City Bancorp (HCBK), Northern Trust (NTRS), Penn National Gaming (PENN), Piper Jaffray (PJC), Boeing (BA), Tractor Supply (TSCO), U.S. Bancorp (USB), Wells Fargo (WFC),
Thursday (10/22) – 3M (MMM), Amazon (AMZN), American Express (AXP), AT&T (T), Black & Decker (BDK), Broadcom (BRCM), Capital One (COF), Chipotle (CMG), Credit Suisse (CS), Danaher (DHR), Delta Air Lines (DAL), Eagle Materials (EXP), Goodrich (GR), JetBlue (JBLU), Kimberly-Clark (KMB), Legg Mason (LM), McDonald’s (MCD), Merck (MRK), Netflix (NFLX), Novartis (NVS), Nucor (NUE), Potash (POT), Schering-Plough (SGP), Starwood (HOT), SunPower (SPWRA), SunTrust (STI), Sybase (SY), The Cheesecake Factory (CAKE), Dow Chemical (DOW), Hershey (HSY), New York Times (NYT), Travelers (TRV), US Airways (LCC), W.R. Grace (GRA), UPS (UPS), Western Digital (WDC), Xerox (XRX)
Friday (10/22) – Exelon (EXC), Fortune Brands (FO), Honeywell (HON), Ingersoll-Rand (IR), Invesco (IVZ), Microsoft (MSFT), Schlumberger (SLB), Whirlpool (WHR)
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