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FED MEETING: The Fed completes its two-day meeting and will release its Fed Policy Statement Wednesday at 2:15pm.
"I think they're going to talk about getting mortgage rates down," speculates Tim Seymour.
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FLYING HIGH? Airplane manufacturer Boeing [BA
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] will report earnings before the bell, the company is expected to post a profit of 78 cents, a 42% decrease year over year.
"I'll be looking at their outlook and if they have cancellations from around the world," muses Karen Finerman.
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BUFFETT'S BANK: Wells Fargo [WFC
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] is set to report earnings before the bell Wednesday; a profit of 33 cents is expected, a drop of 19% year over year.
"I think the stock will move on the bad bank news from the Treasury more than earnings," says Pete Najarian.
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FLOWING PIPELINE: Oil giants Hess [HES
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] and ConocoPhillips [COP
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] will report earnings before the bell. While both companies are expected to post a profit, Hess' profit will be 81% lower over last year and Conoco's profit will be 50% lower year over year.
"I wouldn't be short," counsels Joe Terranova. "In fact if they dip on bad earnings, I'd get long."
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AT&T EARNINGS: Telecom giant AT&T [T
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] reports earnings before the bell Wednesday; the company is expected to post a profit of 65 cents, a drop of 8% year over year.
"I think we're seeing major rotatation out of these safety stocks," muses Tim Seymour.
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THE GREY LADY REPORTS: The New York Times [NYT
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] will report earnings before the bell Wednesday, a drop of 38% in year over year EPS growth is expected.
"Move along," counsels karen Finerman.
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HEALTHY PROFITS: Boston Scientific [BSX
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] reports after the bell Wednesday, an 11% increase in year over year EPS growth is expected.
"I think they could have a big day," speculates Pete Najarian.
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A VENTI LOSS? Coffee giant Starbucks [SBUX
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] will report earnings after the bell Wednesday; a 41% drop in year over year EPS growth is expected.
"Good luck," says Joe Terranova. That's all he had to say.
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Trader disclosure: On Jan. 27th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI), (VIP); Seymour Is Short (SNE); Seymour's Firm Owns (MBT), (TRC); Finerman's Firm Owns (DNA) & (DNA) Call Spread; Finerman's Firm Owns (MSFT), (UNH); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (ANF), (COF), (USO), (TBT); Terranova Works For (VRTS); Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Terranova Owns (XBI), (DIS), (AMGN), (FCX); Terranova Owns (IBM) & (IBM) Call Spread; Najarian Owns (EEM) Call Spread; Najarian Owns (BMY) CAll Spread; Najarian Owns (FCX) & (FCX) Short Calls; Najarian Owns (GE) Put Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls/Put Spread; Najarian Owns (YHOO) Call Spread
Data is a real-time snapshot *Data is delayed at least 15 minutes