Read the full article on Investors.com.
Excerpt:
The Street expects 10 S&P 500 companies, including Albemarle (ALB), Intel (INTC) and Southwest Airlines (LUV) will report drops of 70% or more in third-quarter profit. That's according to an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. Such poor results are a reminder that while the S&P 500's rally is broadening to include more stocks, investors still need to watch out for land mines.
"The wait is over for earnings watchers, as the latest quarterly read on U.S. corporations kicks off with reports from JPMorgan Chase (JPM) and Wells Fargo (WFC)," said Christine Short of Wall Street Horizon. "Earnings will provide a gut check on the state of the U.S. economy, and investors will be looking for these results to confirm the mostly improving economic data that's been released in the last month or so."
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