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Politics fade as earnings take over

Bob Doll talks risks to the second-half

Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.

More than a quarter of the S&P 500 companies report in the coming week, including a dozen in the Dow 30, like Microsoft, McDonald's, Visa, Caterpillar and Verizon. Tech and Internet names like Apple, Facebook and Netflix also report.

"So far this week, earnings, while dominated by the financials, have been, in general very good, and if next week looks like this week, it's hard to argue the bias shouldn't be to the upside in the near term," said Daniel Greenhaus, global market strategist at BTIG.