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Market Scene: The market is focused on results next week

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Rex Crum
, MarketWatch

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San Francisco (MarketWatch) – First-quarter earnings season has its symbolic start on Monday, Alcoa Inc., reporting of results and earnings are expected to share in the market in the center of attention for many weeks.

U.S. this week: rising earnings

U.S. corporate results are expected to continue to improve in first-quarter earnings per share period begins, William Spain, MarketWatch tells Kelsey Hubbard.

According to FactSet Research data by S & P 500 index class = “quotepeekbase bgQuote
/ quotes/comstock/21z! I1: in X
( SPX
1328
-5.34
-0.40% )

It is expected that the cumulative first-quarter profit rose by 12.3% and revenue rose by 6.5% in the first quarter of 2010. 30 Dow Jones Industrial Average class = “quotepeekbase bgQuote
/ quotes/comstock/10w! I: DJI / Late
( DJIA
12,380
-29.44
-0.24% )

Expected to post profits up 13% and 6.7% sales increase last year in the first quarter.

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In the week ending 8 April the Dow was basically flat, rising only 4 points. The Nasdaq Composite Index class = “quotepeekbase bgQuote
/ quotes/comstock/10y! i: comp
( COMP
2780
-15.72
-0.56% )

and S & P 500 and the protection of 0.3% per week.
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But the next a little, it begins to Alcoa.
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“Alcoa get the look of heavy industry in the market,” says Michael Cuggino, president and portfolio manager of Permanent Portfolio Family of Funds, San Francisco. “We are looking for signs of demand picking up in prices and margins improve.”
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Analysts polled by FactSet Research expect Alcoa class = “quotepeekbase bgQuote
/ quotes/comstock/13 *! aa / loans / nls / AA
( AA
17.92
-0.20
-1.10% )

earn 27 cents a share, on revenue $ 6,140,000,000, when it is 10 cents per share, revenue $ 4,890,000 during the same period a year ago. The company benefited from an increase in aluminum prices, which have risen by 7 cents per pound $ 1.20 pound.
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Also gaining attention is the result of Google id = “quote70767762″ Inc. class = “quotepeekbase bgQuote
/ quotes/comstock/15 *! goog / loans / nls / goog
( GOOG
578.16
-1.84
-0.32% )

when it reports first-quarter results on April 14. According to experts on Google to earn $ 8.14 per share, compared with sales of 6.3 billion U.S. dollars of profit $ 6.76 per share income of $ 6,770,000,000 ago quarter.
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Google is the first major technology company to send the results of the current earnings season. The report comes on the heels of his co-founder Larry Page, who takes over as CEO Eric Schmidt and company’s reported settlement with the Justice Department concerns over corrosion of 700000000 dollars to buy the Google mobile software company ITA Software.
Read more about the Google-DOJ settlement.
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“A lot of people pay attention to Google because the company, which is,” said Rob Cummisford, co-director of the Marshall Large Cap Growth Fund class = “quotepeekbase bgQuote
/ quotes/comstock/10r! mastx
( MASTX
13.24
-0.06
-0.45% )

. “But I feel that we have to wait and see mode s. They have a new CEO and the stock is unlikely that the budget for the year so far.”
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Google shares closed at $ 578.16 a week, falling to 2.7% per year.
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Banking sector may also trade in games reporting earnings, JP Morgan Chase & Co. class = “quotepeekbase bgQuote
/ quotes/comstock/13 *! JPM / loans / nls / JPM
( JPM
46.84
-0.56
-1.18% )

to submit their first-quarter results on Apr. 13. Analysts are forecasting second-largest U.S. bank assets to earn $ 1.15 per share, when it is 74 cents per share a year ago.
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Bank of America Corp. class = “quotepeekbase bgQuote
/ quotes/comstock/13 *! BAC / loans / nls / BAC
( BAC
13.48
-0.13
-0.96% )

reported first-quarter results on April 15, and analysts expect the country’s largest bank to earn 28 cents per share, compared with 8 cents per share a year ago.
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Analysts and fund managers are a bit cautious about the banking sector, reports this season. Jason Goldberg, an analyst at Barclays Capital, said it expects first-quarter result was “lackluster” and sales growth is likely to be below expectations because of disappointing growth period for the loans.
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“Our big focus of lending banks’ growth,” said Pete Sorrentino, vice-president and senior portfolio manager at Huntington Asset Advisors in Cincinnati, Ohio Johnston. “As far as the interest margin to go, we’re really positive. There is concern that credit growth does not exist.”
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One of the possible volatility was removed late on Friday after 11 hours of the parliamentary budget agreement Republicans and Democrats and President Obama to avoid government shutdown at midnight.
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But oil will continue to rattle markets. Oil prices continue to rise, as unrest continues in Libya and other nations in North Africa and the Middle East set a much higher cost of fuel for transport and trade to send gasoline to nearly $ 4 per gallon in many parts of the United States.
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Crude-oil futures in May delivery rose $ 2.49 to close at $ 112.79 a barrel Friday on the New York Mercantile Exchange is concerned about the continuing violence in Libya and the shutting down of the U.S. government.
Read more about the oil price increases.
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“Since we are close to the result, the market will edge a bit,” said Mark Schultz, a portfolio manager at MTB Medium Cap Growth id = “quote1039337279″ fund class = “quotepeekbase bgQuote
/ quotes/comstock/10r! amcrx
( AMCRX
15.73
-0.08
-0.51% )

, Which is based in Baltimore. “Oil is a commodity that is predictably unpredictable.”

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