The Week Ahead: Banks, Netflix Kick Off Earnings Season

Jeremy Glaser: Earnings season moves into full swing this week. We'll get more results from large banks and asset managers including Bank of America, BlackRock, Goldman Sachs, and Morgan Stanley.

Analyst Neil Macker sees Netflix as significantly overvalued ahead of its earnings release. The firm had a good start to the year with strong subscriber growth, but over time Macker thinks the streamer will face more competition and be forced to spend lavishly to create compelling content.

Microsoft has been firing on all cylinders with good results coming everywhere from cloud computing to LinkedIn. We still see shares as a bargain ahead of the firm's Thursday earnings release.

General Electric has been under intense scrutiny as CEO John Flannery attempts to right the ship. Analyst Josh Aguilar thinks Flannery as being wise to focus the business, but also sees a number of headwinds that will make be hard to overcome. The firm reports Friday.

Other earnings release this week include Johnson & Johnson, American Express, IBM, and eBay.

Retail sales, industrial production, and housing starts are the highlights of the economic data on tap.

Stay tuned for our take on these stories.