Is there any way that earnings could help Wall Street shake off the bear market blues next week?
You might remember remember that UPS, rattled investors in recent weeks with profit warnings, blaming the sluggish economy and soaring oil prices.
Still Alcoa beat Street expectations and GE met them. It could be worse; a lot worse, actually. With Johnson & Johnson , CSX Corp , and Intel all reporting on Tuesday, what should you expect?
"People are awfully pestimtic to the point that you could get some up-side surprises," says Sandler O'Neill analyst Jeff Harte on Fast Money. "But if that should happen I think the positive impact on the stock market would be short lived."
Turning attention to individual stocks; specifically the three companies mentioned above, how will they perform?
Intel’s exposure to the chip sector should be negative, says Pete Najarian. But I like JNJ ahead of earnings. They trade at a 16 P/E which I think is relatively cheap.