The Week Ahead: Into the Heart Of Earnings Season (IBM; AAPL; HAL; BTU)

IBM has already reported and is trading down 7.66%. As the second highest priced stock in the Dow Jones Industrials it is having an outsized effect on the index in pre-market trade.

Let's see, the divisor, at 0.15571590501117 is actually a multiplier so loss of  $13.95 times reciprocal of 6.42195156576 equals 89.59 points so with futures indicating down 82.00 we're actually up 7.59 on the other 29 stocks in the index and I can go back home.

From Risk Reversal:

This week is the busiest of earnings season, with the technology sector at the forefront.  Outside of earnings, it’s a light economic calendar.  There is existing home sales data on Tuesday, CPI on Wednesday, and new home sales on Friday in the U.S.  In Europe, the Bank of England minutes are released on Wednesday, and the Markit Services and Manufacturing PMIs in Europe are released on Thursday.  In China, retail sales, industrial production and GDP data will be released on Monday night.

As for earnings season, the full list of notable releases is below.  AAPL’s report tonight will be the most closely watched of the week.  For more detailed thoughts on AAPL, see our Name That Trade post from Friday.

Monday, October 20th

• HAL earnings before the open
• VRX earnings before the open
• VFC earnings before the open
• BTU earnings before the open
• GCI earnings before the open
• AAPL earnings after the close
• IBM earnings after the close
• TXN earnings after the close
• CMG earnings after the close
• ILMN earnings after the close
• CDNS earnings after the close
• CE earnings after the close
• STLD earnings after the close
• PKG earnings after the close

Tuesday, October 21st

• MCD earnings before the open
• KO earnings before the open
• KMB earnings before the open
• HOG earnings before the open
• MAN earnings before the open
• OMC earnings before the open
• UTX earnings before the open
• RF earnings before the open
• RAI earnings before the open
• GPK earnings before the open
• ABG earnings before the open
• VZ earnings before the open
• ITW earnings before the open
• ATI earnings before the open
• YHOO earnings after the close
• BRCM earnings after the close
• ISRG earnings after the close
• CREE earnings after the close
• SIX earnings after the close
• ETFC earnings after the close
• DFS earnings after the close
• VMW earnings after the close
• FTI earnings after the close

...MORE