Earnings week ahead: Media and oil giants in focus
It's the last heavy week of earnings season, with five Dow components and 135 of the S&P 500 companies expected to report next week.
We'll hear from several big oil names, including BP and Occidental Petroleum on Tuesday, Exxon Mobil and Conoco Philips on Thursday, and Chevron on Friday. A number of big automakers are reporting: Chrysler/Fiat on Tuesday, Honda on Wednesday and Toyota Motor on Friday.
It's also a particularly busy week for media giants.
Comcast, the nation's largest cable company, reports Wednesday morning. We'll hear from the No. 2, Time Warner Cable, on Thursday morning; it just announced that President and Chief Operating Officer Robert Marcus will take over as CEO in January. And satellite TV giant DirecTV reports that afternoon. Cablevision reports Friday morning.
All these companies are looking to increase revenue by adding high-speed broadband customers and selling more premium services, while stemming video subscriber declines. Comcast will also report on the success of its media assets, with NBCUniversal's cable assets usually a strong suit.We'll be hearing from a slew of content companies, starting with Discovery Communications Tuesday morning. CBS will report Wednesday afternoon, with its advertising and retransmission fees a special object of interest, especially in light of a drawn-out battle with Time Warner Cable over retransmission fees.
Also reporting Wednesday afternoon is digital animation studio DreamWorks Animation. We'll see if the company provides any information on the impact of the less-than-stellar performance of its recent film "Turbo."
IAC's report will have the dating business in focus—match.com is one of its key brands—and there are sure to be questions about its investment in lawsuit-besieged Aereo, which sells access to live TV streamed online for $8 a month.
Thursday morning, publisher the New York Times Co. will let us know whether it can increase digital subscriptions to offset ad declines. That afternoon we'll hear from social media giant LinkedIn, which has been expanding all three of its business divisions—marketing, premium subscriptions and recruiting solutions. Can it keep up that across-the-board growth?
(Comcast owns CNBC parent NBCUniversal.)
—By CNBC's Julia Boorstin. Follow her on Twitter