Welcome to Extreme Investor Network, your go-to source for all things investing. This week, Wall Street is buzzing with anticipation as Big Tech companies prepare to report their earnings. Google-parent Alphabet, Tesla, Ford Motor, IBM, and General Motors are just a few of the more than 100 S & P 500 companies slated to release their results.
So far, the reporting period is off to a solid start, with 81% of companies beating expectations. Overall, S & P 500 earnings growth is on track to be the highest since the fourth quarter of 2021. This week, we are keeping a close eye on key reports from General Motors, Tesla, Alphabet, Ford Motor, IBM, and American Airlines. Let’s dive into what to expect from each of these companies:
General Motors: GM is set to report earnings before the bell, with analysts expecting earnings to grow by more than 40% year over year. Investors are eager to hear about GM’s new electric vehicles, gas-powered trucks, and any updates on its Cruise autonomous vehicle unit.
Tesla: Tesla is set to report earnings after the close, with analysts predicting a 30% year-over-year earnings decline. Some concerns exist, but Baird’s Ben Kallo is optimistic about a potential EPS beat.
Alphabet: Alphabet is expected to post earnings growth of nearly 30% from the year-earlier period. Investors will be watching for updates on the company’s digital ad sales and advancements in artificial intelligence.
Ford Motor: Ford is expected to report a relatively solid second quarter, with earnings slightly lower than GM. Wall Street is looking for Ford’s commercial business and traditional pickup trucks to offset losses in its EV business.
IBM: IBM is projected to report flat year-over-year earnings and revenue. Analysts are optimistic about solid results, with continued infrastructure outperformance and improving software results.
American Airlines: American Airlines is anticipated to report a more than 10% decline in earnings from the year-earlier period. Investors will be looking for steps the company is taking to address challenges in its direct-to-consumer sales strategy.
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