Stocks rose last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained 2% to climb further from their lows for the year. The S&P is back out of bear market territory for 2022, down 17%, while the Dow is down 12%.

Positive earnings reports supported that boost, but earnings season really heats up over the next few trading days. McDonald's (NYSE: MCD), Procter & Gamble (NYSE: PG), and Microsoft (NASDAQ: MSFT) are among the most anticipated earnings reports to watch, and here we'll take a closer look at their announcements.

Most investors who follow the stock are looking for McDonald's to report a slight sales decline in its Tuesday morning announcement. But that drop won't give a complete picture of growth, since it will be influenced by currency exchange swings and by the closing down of the chain's stores in Russia.

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Source Fool.com