The Stock Earnings to Make or Break Dow 12,000

The Dow gained triple digits on Monday, reaching the highest close since June 2008.

Here is your Cheat Sheet to earnings that will continue to fuel the rally back to Dow 12,000.

1) Halliburton Company (NYSE:HAL): Shares increased nearly 1% on Monday due to jump in fourth quarter profit.  The company reported fourth quarter net earnings of $605 million (66 cents per share), compared to $243 million (27 cents per share) in the same year ago period.

2) McDonald’s Corp. (NYSE:MCD): Fourth quarter profit rose 2%, but traders only greeted shares with a half percent gain for Monday.  Total revenue increased to $6.21 billion from $5.97 billion, which were inline with analysts estimates.  Same store sales rose 4.4% in the US, and 5.5% for the Middle East and Africa.  Inflation continues to be a concern for the company.  CFO Pete Bensen said the company would “raise prices where it makes sense.”

3) American Express Company (NYSE:AXP): The company reported a 49% rise in fourth quarter profit, unfortunately shares didn’t rise at all on the news.  Net income jumped to $1.05 billion (88 cents per share), compared to last year’s $ 707 million (60 cents per share).

4) CSX Corporation (NYSE:CSX): Profits increased 42% in the fourth quarter.  Net earnings reached $430 million ($1.14 per share), compared to $303 million (77 cents per share) a year earlier.  Shares rose nearly 2% in after market trading.  The Buffett endorsed rail industry looks promising as CEO Michael Ward says, “With growth across nearly all the markets we serve and continued strong performance in our operations, we are driving outstanding value for our customers and shareholders.”

5) Texas Instruments (NYSE:TXN): Shares popped over 2% during market hours, followed by a decline of nearly 2.5% in after market hours.  Fourth quarter rose 44% and net income reached $942 million (78 cents per share).  The after hour drop appears to be due to inventory build up at the company.  Inventory rose by $318 million when compared to prior year.

6) Zions Bancorp. (Nasdaq:ZION): The company decided not to break tradition, and reported its 9th consecutive quarterly loss.  The fourth quarter loss was $72.2 million (62 cents per share).  However, this was an improvement from last year’s $184.1 million loss ( $1.26 per share).

Disclosure: No positions.

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