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What Can Investors Expect From Big Tech Earnings? [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The immediate catalyst for the stock market pullback appears to be tied to the timing of Fed easing as a result of the evolving inflation picture rather than any deterioration in the overall earnings picture. If anything, the overall earnings picture has actually been improving ever so slightly in recent weeks, as we have been noting in our earnings commentary. The hope appears to be that robust results from the Mag 7 companies reporting this week – Tesla TSLA on Tuesday, April 23rd, Meta Platforms META on Wednesday, April 24 th , Microsoft MSFT and Alphabet GOOGL on Thursday, April 25 th – will help restore confidence in the market's fundamental underpinnings and offset some of the Fed-centric worries. The chart below shows the year-to-date performance of Meta, Alphabet, Microsoft, and Tesla relative to the S&P 500 index. Image Source: Zacks Investment Research As the above chart shows, Meta is in a league of its own, while Microsoft and Alphabet are roughly tracking each ot
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