January 28, 2013 at 10:07 AM EST
Weekly Earnings Calendar: Exxon (XOM) Tries to Build on Momentum
Exxon (NYSE: XOM) overtook Apple (NASDAQ: AAPL) last week as the largest company in the world by market cap. This week, the big-oil company will see if it can build on that momentum with a strong fourth-quarter earnings report. Exxon shares are up 8% in the last month, increasing the oil giant’s valuation to $418 billion as of this morning. Meanwhile, Apple – which as recently as October was the most valuable company in the world by more than $200 billion – has been in freefall, its market cap dipping to $413 billion. AAPL shares have plummeted 37% since late September, finishing last week at a year-low $439. A bad earnings report sent the stock tumbling late last week, allowing Exxon to overtake it in market cap. That shows the importance of earnings. A weak first quarter could halt Exxon’s momentum and send the stock falling off a cliff the way Apple’s did last week. We’ll know Friday when Exxon reports earnings. Here are the rest of this week’s notable earnings reports: Monday Yahoo! (NASDAQ: YHOO) Tuesday Pfizer (NYSE: PFE) JetBlue Airways (NASDAQ: JBLU) Wednesday ConocoPhillips (NYSE: COP) Boeing (NYSE: BA) Thursday Altria (NYSE: MO) UPS (NYSE: UPS) Time Warner Cable (NYSE: TWC) Friday Chevron (NYSE: CVX) Exxon
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