Earnings season is beginning to ramp up and kicking it off this week will be reports from Genentech (DNA) and Posco (PKX) (the Korean steel producer) on Monday.

Genentech will report after the bell.  Considering the big run up in the stock in the past few months, this is not a stock I would be willing to hold through tomorrows earnings report.  Although the company should report outstanding results once again, investors may be looking to take profits on the news regardless.  How about that move in Amgen (AMGN) last week.. looks more like a momentum stock rather than a big cap, blue chip!!

As for Posco, I wasn’t able to come up with the time they will report.  Steel stocks have begun to show some signs of life lately and Posco looks poised to begin to carve out the right side of a base starting with a nice move on Friday.  Many other steel companies have been warning of slowing growth of late, so it will be interesting to see what Posco has to say about the future outlook.