The new trading week begins with Bank of America (NYSE:BAC) reporting. Handout recipients like Bank of America will make more waves than usual, now that taxpayers have more than just a passing interest here. Another telltale conference call will be IBM (NYSE:IBM) checking in with its quarterly financials. It is a decent proxy for the state of corporate spending. Analysts see a profit of $1.66 a share at IBM, in line with the $1.64 a share it earned a year ago.

It's going to be a busy day, with several bellwethers ringing in with their latest financials. Coca-Cola (NYSE:KO) will hope to show its recession-resistant ways, with Bank of New York (NYSE:BK) providing another important glimpse into the state of the banking industry.

(NASDAQ:AAPL) headlines a stable of big companies on the slate. The company has been a solid performer in recent years, but this report may be an eye-opener for growth investors. Apple is expected to post a 7% decline in profitability for its fiscal second quarter. Yes, even Apple isn't immune to the malaise.

Another market darling that Wall Street sees clocking in with lower net income is (NASDAQ:AMZN). Analysts are looking for earnings of $0.31 a share from the leading online retailer, less than the $0.34 a share it rang up a year ago.

The market is usually sleepy on the final trading day of the week, but not during earnings season. One of the big companies reporting will be Xerox (NYSE:XRX). The photocopying giant unfortunately won't be able to duplicate last year's profitability. Analysts see first-quarter earnings diving to $0.04 a share from last year's $0.27 a share.

Until next week, I remain,

Rick Munarriz

Coca-Cola is a Motley Fool Income Investor and Motley Fool Inside Value recommendation. Apple and are Motley Fool Stock Advisor selections. Try any of our Foolish newsletters today, free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look forward. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. He does not own shares in any of the companies in this story. The Fool has a disclosure policy.