Next week is supposed to mark the launch of earnings season.  It will still be a tad light compared the two weeks that follow, but there are some market-movers and some sector-movers to watch in the coming week.  The following reports are the ones we are previewing: Alcoa, Inc. (NYSE: AA); J.P. Morgan Chase & Co. (NYSE: JPM); DragonWave Inc. (NASDAQ: DRWI); Check Point Software Technologies Ltd. (NASDAQ: CHKP); Fairchild Semiconductor International Inc. (NYSE: FCS); Hasbro Inc. (NASDAQ: HAS); Mattel Inc. (NASDAQ: MAT); SUPERVALU Inc. (NYSE: SVU); Cubist Pharmaceuticals Inc. (NASDAQ: CBST); Google Inc. (NASDAQ: GOOG); JB Hunt Transport Services Inc. (NASDAQ: JBHT); Bank of America Corporation (NYSE: BAC); and The Charles Schwab Corporation (NYSE: SCHW).

We have included some color on each if applicable and included Thomson Reuters estimates and price performance metrics.

Alcoa, Inc. (NYSE: AA) is out with earnings Monday after the close, and it is the first DJIA component and the one company that investors, traders, and speculators often try to use as a bogey for determining the strength of earnings season.  At a minimum, the company may be used as a tool to judge how other metals companies are doing. Thomson Reuters has consensus estimates of $0.27 EPS and $6.30 billion in revenues; next quarter estimates are $0.35 EPS and $6.29 billion in revenues.  Shares are around $18.00 in Friday afternoon trading and shares were trading at $16.49 about 90-days ago.

Wednesday morning we get to see financial powerhouse JPMorgan Chase & Co. (NYSE: JPM).  Jamie Dimon and friends will set the tone of how banking and financial firms are doing and how they see the current environment.  Thomson Reuters has consensus estimates of $1.16 EPS and $25.6 billion in revenues; next quarter estimates are $1.17 EPS and $25.22 billion in revenues.  Shares are around $47.00 in Friday afternoon trading and shares were trading around $44.00 about 90-days ago.

DragonWave Inc. (NASDAQ: DRWI) is after the close of trading on Wednesday, and this one is sometimes used as a proxy for how Sprint Nextel Corporation (NYSE: S) and Clearwire Corporation (NASDAQ: CLWR) are doing.  That being said, we’ll leave it there for you to decide how tied these are. Thomson Reuters has consensus estimates for DragonWave of -$0.16 EPS and $15.14 million in revenues; next quarter estimates are -$0.07 EPS and $23.88 million in revenues.  Shares are around $8.37 in Friday afternoon trading and shares were trading at $8.06 about 90-days ago.

Thursday morning comes data-security leader Check Point Software Technologies Ltd. (NASDAQ: CHKP). Thomson Reuters has consensus estimates of $0.62 EPS and $276.71 million in revenues; next quarter estimates are $0.65 EPS and $293.17 million in revenues.  Shares are around $51.70 in Friday afternoon trading and shares were trading around $47.00 about 90-days ago.

Fairchild Semiconductor International Inc. (NYSE: FCS) reports Thursday morning. After the TI-NSM merger, investors will be paying closer attention than before. Thomson Reuters has consensus estimates of $0.36 EPS and $413.25 million in revenues; next quarter estimates are $0.39 EPS and $422.76 million in revenues.  Shares are around $19.00 in Friday afternoon trading and shares were trading at $16.00 about 90-days ago.

Hasbro Inc. (NASDAQ: HAS) is due Thursday morning and it is probably safe to assume that investors will of course bet watching Mattel Inc. (NASDAQ: MAT) on the news ahead of its earnings due Friday… Thomson Reuters has consensus estimates of $0.17 EPS and $661.69 million in revenues; next quarter estimates are $0.38 EPS and $842.07 million in revenues.  Shares are around $47.35 in Friday afternoon trading and shares were trading at $46.00 about 90-days ago.

SUPERVALU Inc. (NYSE: SVU) is no market mover, but it has been cut in half over the last year and remains a giant turnaround stock for many investors.  Thomson Reuters has consensus estimates of $0.34 EPS and $8.75 billion in revenues; next quarter estimates are $0.32 EPS and $11.35 billion in revenues.  Shares are around $9.33 in Friday afternoon trading and shares were trading at $8.91 about 90-days ago before challenging the $7.00 mark thereafter.

Cubist Pharmaceuticals Inc. (NASDAQ: CBST) reports after the close on Thursday.  After its latest patent license was signed with Teva Pharmaceutical Industries (NASDAQ: TEVA), this one will be watched by traders more closely than it has been in years.  As a result of the huge pop this week, interest will be higher next week. Thomson Reuters has consensus estimates of $0.28 EPS and $155.78 million in revenues; next quarter estimates are $0.33 EPS and $172.69 million in revenues.  Shares are around $30.40 in Friday afternoon trading and shares were trading at $22.00 about 90 days ago.

The biggest of the big in Internet stocks is due Thursday after the close. Google Inc. (NASDAQ: GOOG) is set to report. If this doesn’t influence media and online stocks, then nothing else will either.  We just had a very positive analyst call with an $800 target this week and it raised estimates and expectations.  Remember, Google is  under new management and that can affect how investors receive the report. Thomson Reuters has consensus estimates of $8.13 EPS and $6.44 billion in revenues; next quarter estimates are $8.04 EPS and $6.46 billion in revenues.  As a reminder, these are ex-TAC revenues. Shares are around $581.75 in Friday afternoon trading and shares were trading at $602.00 about 90-days ago.

JB Hunt Transport Services Inc. (NASDAQ: JBHT) may not seem like a market-mover but it is the first of the trucking giants and the first transportation stock we have seen for the current earnings season. Thomson Reuters has consensus estimates of $0.38 EPS and $950.14 million in revenues; next quarter estimates are $0.50 EPS and $1.06 billion in revenues.  Shares are around $44.50 in Friday afternoon trading and shares were trading at $41.00 about 90-days ago.

Bank of America Corporation (NYSE: BAC) is due on Friday morning as the second DJIA bank with earnings for the first quarter.  Investors want to know what is going on with mortgage put-back risks and if a master settlement is coming down the road from the ‘sins of thy father’ (or sins of the step-son) via Countrywide.  Elsewhere, hopefully more clear data will come from the dividend disappointment as well as loan loss reserves and credit metrics. Thomson Reuters has consensus estimates of $0.28 EPS and $27.08 billion in revenues; next quarter estimates are $0.31 EPS and $26.89 billion in revenues.  Shares are around $13.50 in Friday afternoon trading and shares were trading about $14.25 about 90-days ago.

The Charles Schwab Corporation (NYSE: SCHW) is also out on Friday morning, and its situation will be used to interpret how E*TRADE and TD Ameritrade are doing as well.  Thomson Reuters has consensus estimates of $0.18 EPS and $1.18 billion in revenues; next quarter estimates are $0.20 EPS and $1.20 billion in revenues.  Shares are around $18.50 in Friday afternoon trading and shares were trading at $17.17 about 90-days ago.

Mattel Inc. (NASDAQ: MAT) is due on Friday morning, but much of the reaction may have already been seen from Hasbro earlier in the week.  Sometimes these deviate, but investors often try use the “what’s happening at one is happening at both” approach.  Thomson Reuters has consensus estimates of $0.05 EPS and $902.95 million in revenues; next quarter estimates are $0.15 EPS and $1.2 billion in revenues.  Shares are around $25.65 in Friday afternoon trading.  They were trading at $25.05 about 90 days ago before they fell into $23 handle.

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JON C. OGG

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