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Jon Hilsenrath, money and investing editor at The Wall Street Journal, offered CNBC his weekly "Five for Five": the five stocks investors must watch this week.
- Blackstone Group [BX
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]: With "the buyout environment flat on its face," there's "no reason to expect good numbers" from the private-equity collossus, Hilsenrath says. Blackstone will report Q2 results on Wednesday.
- Berkshire Hathaway [BRK
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]: reports Q2 results Friday. CEO Warren Buffett "has said the party's over" for investing as we sink deeper into "a soft economy," Hilsenrath says.
- Procter & Gamble [PG
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]: the personal and household staple maker reports Q4 results Tuesday.
- American International Group [AIG
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]: The insurance giant's performance is down 53 percent year-to-date. AIG reports Q2 results Wednesday.
- Cisco Systems [CSCO
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]: CEO John Chambers is "one of the gloomiest guys out there," says Hilsenrath. Chambers will join CNBC on Wednesday to discuss the Internet networking firm's results.
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