The Week Ahead

January 18, 2011

01.18.11

Last week the DJIA rose 0.96%, for the seventh consecutive weekly gain, to close at a 2½ year high.
Look for a blizzard of earnings reports this week starting with Apple on Tuesday, although Apple’s earnings maybe overshadowed by the announcement that Steve Jobs is taking a second medical leave, and finishing with GE’s earnings on Friday. 4th quarter earnings reports should provide further support for the stock market this week.
The chart below illustrates the current quarterly year over year estimated earnings growth rate of 30.7% for the S&P 500.