ON TAP THIS WEEK
“It’s here!” The first quarter earnings season begins in earnest this week with a customary kick-off from aluminum concern Alcoa (AA). Analysts expect profits of $0.11 versus the year-ago period’s slippery slope losses of -$0.59. For the SP-500, analysts expect Q1 to offer up investors its first period of double-digit revenue growth in nearly two years and prior to the Lehman fallout.
The start of the season, as is also typical, will be on the ultra-light side in terms of the number of companies actually reporting. However, this time around a handful of very influential and diversified names will be releasing results in week one.
As much, the Q1 season will be off to a bit faster start than usual with the possibility for some quick price and sentiment setting by investors. Highlights for the week include Intel (INTC) and CSX (CSX) Tuesday night, JP Morgan (JPM) Wednesday, Google (GOOG) Thursday evening and both BofA (BAC) and General Electric (GE) on Friday. (more)
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