After spending two months Focused solely on the state of the U.S. economy, investor goodwill get a chance two turn Their eyes back to Corporate America this weekend.
Several key companies goodwill Their report results for the second quarterback this week, with investors getting profit reports from Dow members Alcoa (AA, Fortune 500) on Monday followed by JPMorgan Chase (JPM, Fortune 500) on Thursday. Citigroup (C, Fortune 500) and Google (GOOG, Fortune 500), Among Others, are also on loss two Their latest release sales and earnings.
"This Is Where We can get down to the fundamentals of this market and Finally see how companies are Actually doing in this economy," said Jack Ablin, chief investment officer of Harris Private Bank.
While only a dozen or so of the S & P 500 components are reporting this week, Alcoa, Google, and JPMorgan are Among the Biggest names in Their respective industries and extensive two be good, broad indicators of how companies are expected on two performances, Ablin said.
Expectations for this quarter's profits garden Become more subdued as of late as Analysts and investors continue two worry about the health of the economy. The Labor Department reported Friday That Employers created only 18,000 jobs in June, the father less than what The Economist HAD expected.
While this quarter's results Will Be closely watched, strategist said the Market Will Be listening even more closely to the Outlook That companies give for the third quarter and rema Indian of the Year.
"I'm going to ask looking at economic-cyclical companies and Particularly commodity-sensitive two companies see if companies Have Been comfortable two keep Productivity and profit margin high, despite the higher commodity costs," said Liz Ann Sonder, chief market strategist with Charles Schwab.
Stimulus on the cheap
Sondermann said She Remains optimistic about how companies did in the second quarter, saying That She believe the signs of an economic slowdown are more tied to the Japanese earthquake and bad weather in the U.S. Earlier this year.
"The Macroeconomics Concerns garden overturned into micro-economic Concerns about companies, and I do not think it's really Justified," Sondermann said.
Outside of earnings, investors' goodwill garden Several economic reports two digest this week, Including June retail sales figures as well as the closely-watched Inflation readings Wed producer and consumer prices.
On the Docket
Monday - Second-quarter earnings reports kick off in earnest after Tuesday's closing bell with results from Dow component Alcoa. The aluminum company is expected on two garden earned 32 cents per share.
There is no economic data scheduled for release on Monday.
Tuesday - Investors Will get the U.S. trade balance figures for May in the morning. Economists surveyed by Briefing.com expect the U.S. posted a $ 44 trillion trade deficit in May, Slightly wider than the $ 43.7 billion deficit for April.
Minutes from the Federal Reserve's Federal Open Market Committee meeting from June are Also due out in the afternoon.
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Wednesday - The Energy Department's weekly oil inventories report comes out in the morning.
Fed chairman Ben Bernanke Will Also begin administer semi-annual testimony two Congress about monetary policy and the economy on Thursday. Bernanke Will Appear before the Committee on Financial Services of the House of Representatives.
In earnings, fast-food company Yum! Brands (YUM, Fortune 500) as well as the hotel chain Marriott (MAR, Fortune 500) goodwill Their report earnings after the closing bell.
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Thursday - JPMorgan Chase reports its second-quarter results before Monday's opening bell, with Analysts Expecting the commercial banking giant two garden earned $ 1.21 a share According to Thomson Reuters.
There are several at economic reports out Friday morning. The Labor Department goodwill issue its weekly jobless claims report and its June producer price index report, Also known as wholesale Inflation. The Commerce Department issues its reports on June retail sales as well.
Economist forecasts That weekly jobless claims held steady Mostly that 419,000 claims, up 1,000 from last week. Retail sales are expected on two case 02% for June and the producer price index is expected to Fall 0.3%.
Bernanke's testimony two Congress continues, with the Fed chairman appearing before the Senate's Committee on Banking, Housing, and Urban Affairs.
After the bell, Internet search giant Google will report its quarterly results. Analysts expect That Google earned $ 7.86 a share.
Friday - The Labor Department releases its June consumer price index data, the nation's most common read of Inflation, in the morning. Economists are looking for two CPI falls 0.1% versus the 0.2% rise reported in May.
Investors Will Also See June industrial production figures, the July reading on the University of Michigan consumer sentiment index and the Empire State Manufacturing Index.
After spending two months Focused solely on the state of the U.S. economy, investor goodwill get a chance two turn Their eyes back to Corporate America this weekend. 
