I suspect this may be a tough week for the market. Earnings reports will come from three sectors that have not fared well of late: banks, big pharma, and industrials. There will also be a number of reports that could be considered recession indicators. The Producer Price Index will be released Tuesday, the CPI and Industrial Production Report are on Wednesday and Jobless Claims on Thursday. Below are some of the major companies that will report earnings this week:
Monday: Eaton (ETN), Philips (PHG), WW Grainger (GWW), Wachovia (WB)
Tuesday: Intel (INTC), J&J (JNJ), M&T Bank (MTB),Wamu (WM), US Bancorp (USB)
Wednesday: Abbot (ABT), Gilead (GILD), Chase (JPM), Coke (KO), Wells (WFC)
Thursday: BNY (BK), Comerica (CMA), Merrill (MER), Pfizer (PFE), United Tech. (UTX)
Friday: Caterpillar (CAT), Citi (C), Honeywell (HON), Schlumberger (SLB), Xerox (XRX)
Comments