Vital Signs: More Bad Earnings News to Come?

On deck: homebuilders' survey, housing starts, FHFA home price index, and a slew of fourth-quarter earnings reports

The fourth-quarter earnings season kicks into gear this week, as 56 S&P 500 companies plan to report their results. As usual, Alcoa (AA) started things off, this time with surprising news of a 28 cents per share loss on Jan. 12. Even after warning Wall Street the previous week, the company’s results still came in almost three times worse than the Street’s expectation. Alcoa’s negative surprise may well be a harbinger of more bad news to come.

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