It’s Crunch Time for Corporate America
From Profit Confidential
January 8, 2013 - 1:41am
The fiscal cliff has been averted for the time being with an extension to the deadline moved to March 1, as far as the budgetary cuts and other tax details. For you, the next several weeks will be focused on the fourth-quarter earnings season, which, akin to the third quarter, is expected by many market pundits, including myself, to be somewhat on the slow end.
The ball will begin to roll today with Alcoa, Inc. (NYSE/AA), which will be the first Dow stock to report in the fourth-quarter earnings season, kicking off the earnings season parade. What happens with Alcoa will be scrutinized, because the company is a key indicator; Alcoa is one of the world’s top aluminum makers and is a barometer for the global economy, as the metal is used in industrial applications, including aircraft, automobile, commercial transportation, packaging, building and construction, oil and gas, defense, consu...
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