Published: April 25, 2021 at 9:00 a.m. ETBy
Earnings Watch: Tesla’s Monday report will be followed by Microsoft, Google, Apple, Facebook and Amazon as more than one-third of the S&P 500 reveal first-quarter results
The busiest week of earnings season is about to kick off, with Tesla and Big Tech companies expected to dominate the headlines.
The six largest companies in the S&P 500 index SPX, +1.09% will report earnings in the week ahead, as about a third of the index reveals first-quarter numbers. Strong performances by the tech giants helped offset weaker performance by many other sectors earlier in the COVID-19 pandemic, and investors will get a sense of whether that momentum can continue as the world begins to reopen.
One of the S&P 500’s newest members, Tesla Inc. TSLA, +1.35%, leads off the week Monday afternoon. The company already reported first-quarter deliveries that vastly exceeded expectations, so investors will be looking for clues on Tesla’s earnings call about how the rest of the year could pan out. The consensus forecast currently calls for about 800,000 deliveries over the course of 2021.
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