Major tech companies like Tesla and Alphabet are set to report earnings this week

From Nasdaq: 2025-04-22 10:55:00

This week, over 100 S&P 500 companies will report earnings, giving investors insights into the current state of the economy. Technology stocks, including Tesla and Alphabet, are in focus. Tesla has missed earnings in 5 of the last 6 quarters, with analysts cutting estimates. Will these tech companies beat expectations this week?

ServiceNow hasn’t missed earnings in 5 years, but its shares have fallen 28.7% year-to-date. With a forward P/E of 47.4, it’s considered expensive. Lam Research has a strong track record of beating earnings and a forward P/E of 17.1. Alphabet, despite an 8-quarter earnings beat streak, saw shares drop 22% year-to-date.

Intel, down 6% year-to-date, hasn’t beaten earnings in 2 of the last 4 quarters. As a potential home run investment, Zacks experts have identified 5 stocks set to double in 2024. These under-the-radar stocks offer a promising opportunity for investors looking to enter at the ground floor. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 3% due to rising inflation fears. This was the largest single-day decline in the index since February, causing investors to sell off their stocks in response to the uncertainty in the market.

2. The latest job report revealed that the unemployment rate has dropped to 5.8%, the lowest it has been since the start of the pandemic. The report also showed that 559,000 jobs were added in May, signaling a strong recovery in the labor market as businesses continue to reopen.

3. In international news, tensions between Israel and Hamas have escalated once again, with both sides exchanging missile attacks. The violence has resulted in numerous casualties and widespread destruction in Gaza, prompting calls for a ceasefire from the international community to prevent further loss of life.



Read more at Nasdaq: Tesla, Alphabet and 3 Other Tech Earnings Charts to Watch This Week