The earnings parade picks up steam this week with 142 S&P 500 companies set to release results. Apple (AAPL) will be closely watched when the tech giant reports after Tuesday’s close. PNC Asset Management’s (PNC) Chief Investment Strategist Bill Stone says he’ll be looking to see how product sales did as ‘profits are forecast to be 25% higher than a year earlier.’ On the economic calendar, investors will get a ton of data this week to digest including Durable Goods on Tuesday, the FOMC announcement on Wednesday. Stone says the release of the Q4 GDP will be one to note with ‘the consensus is forecasting 3.1% growth.’
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