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Week Ahead: Apple, Amazon, and Facebook Earnings on Tap

Jeremy Glaser

For Morningstar, I'm Jeremy Glaser. Welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting Jan. 25.

Earning season will be in full swing this week, as we hear from a number of blue chip firms.

Apple shares have been under pressure as reports from component suppliers have indicated that sales of the iPhone 6s are not living up to expectations. Morningstar's Apple analyst, Brian Colello, still thinks the firm will post modest year-over-year iPhone sales growth, but expect the market to be laser-focused on smartphone sales.

McDonald's results on Monday will show us if CEO Steve Easterbrook's turnaround plan is really raking hold.

Johnson & Johnson earnings on Tuesday come on the heels of an announcement last week of job cuts to its medical device business, which has been weighed down by a slowdown in global healthcare demand.

We'll hear from Procter & Gamble on Tuesday. The company's sales have been under pressure from currency and other issues, but it has had success so far in shedding noncore brands and boosting profitability.

Facebook turned in impressive stock performance in 2015, rising over 30% compared to a market that was just barely higher. Investors will be looking to see if the firm can continue to be the dominant mobile ad platform and keep user engagement high.

Another 2015 high flyer was Amazon. We'll see how the online retailer fared during the holiday season and if Amazon Web Services can continue its impressive strength.

After a strong sales year, full results from automakers Fiat Chrysler and Ford will be released this week.

Microsoft posted better-than-expected results last quarter on the back of strong Windows 10 adoption and growth in its cloud computing platform. Investors will find out if that momentum will continue on Thursday.

Chevron earnings on Friday will provide a glimpse into how the oil major is coping with the continued weakness in energy prices. 

Outside of earnings, the Fed has its first meeting of 2016 this week. Although it is not expected the Fed will hike rates again, the statement from the central bank will shed some light on how they are thinking about the recent bout of market volatility.

The advanced reading of fourth-quarter GDP will come on Friday and is likely to show a slowdown in the growth rate from third-quarter levels.

Housing will also be in focus with new data on home prices and sales.

Stay tuned to Morningstar for our take on all of these stories throughout the week.