Coach will report earnings before the bell as the company looks to reverse its slide over the last year. Expectations have been adjusted downward but a miss could prove crucial for the handbag maker. Earnings were lackluster from IBM and Xilinx–but Jim Cramer is sticking with Xilinx, citing strong fundamentals. Both companies hit their targets but didn’t meet investors’ expectations on revenue. Big earnings out after the bell today, too–Netflix and eBay. Jonathan Marino at the Nasdaq Marketsite on a snowy Wednesday, Jan. 22, 2014.
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