This week, marquee earnings reports are expected from Apple, Microsoft, Meta Platforms, and Tesla. The Fed is also set to deliver a monetary policy update with no expected change from the current range of 3.50-3.75%. Durable Goods Orders for November beat expectations at +5.3%, the strongest monthly print since May last year.

Apple, Microsoft, Meta Platforms, and Tesla are all set to report earnings this week. Apple is expected to show +10.4% earnings growth, while Microsoft is forecasted to grow +20% on the bottom line. Meta Platforms is expected to see +20% growth on the top line, while Tesla is expected to show negative growth numbers.

A Zacks Rank #1 semiconductor stock is positioned for growth as global semiconductor manufacturing is projected to increase from $452 billion in 2021 to $971 billion by 2028. With a focus on AI, Machine Learning, and IoT, this company is set to take advantage of the market’s next growth stage.

Read more at Nasdaq: Durable Goods Data Beats Expectations