There are a handful of high-profile earnings releases next week. 

McDonald's (NYSE:MCD) will report its fourth-quarter results on Monday, and while currency will drive down revenue, the company expects to post comparable sales growth in all of its segments. On Tuesday, consumer goods giant Procter & Gamble (NYSE:PG) will report its fiscal second-quarter results, and on Wednesday, smartphone chip designer Qualcomm (NASDAQ:QCOM) will report its fiscal first-quarter numbers.

McDonald's is currently going through a transformation, with various initiatives like all-day breakfast, higher wages for employees, and restaurant upgrades aimed at boosting sales. Here's a look at all of the changes that McDonald's is making in order to reinvigorate its brand.

With the dramatic brand divestitures undertaken by Procter & Gamble, the company has cut the fat, focusing on markets where it has a strong presence. Here's a look at what 2016 has in store for Procter & Gamble, and here's everything investors need to know about the company's upcoming earnings report.

Qualcomm had a rough 2015, and as the smartphone market slows down, it may be difficult for the company to return to earnings growth anytime soon. Will 2016 be better for Qualcomm than 2015? It's hard to say for sure, but here are some reasons why it might be.

Click through the following slideshow for more details on these three stocks to watch.