Too much money on the line.
Almost $10 trillion actually.
What an exciting upcoming week ahead of us.
We have a deluge of earnings reports coming in from the largest S&P 500 companies.
Let’s take a look at some of them:
Tesla: Market Cap: $619.79 Billion
Apple: Market Cap: $2.48 Trillion
Microsoft: Market Cap: $2.18 Trillion
Alphabet: Market Cap: $1.82 Trillion
Facebook: Market Cap: $1.05 Trillion
Amazon: Market Cap: $1.84 Trillion
So basically, in this list alone, we almost have $10 trillion worth of companies reporting earnings this upcoming week.
The six companies above are in the top 10 stocks in the S&P 500 by weight. So, we better pay attention to their earnings.
According to Nasdaq.com, below are expectations from Wall Street:
Tesla:
Wall Street expects Tesla to earn 96 cents per share on revenue of $11.21 billion.
Apple:
Wall Street expects Apple to earn $1.00 per share on revenue of $72.93 billion.
Microsoft:
Wall Street expects Microsoft to earn $1.90 per share on revenue of $44.1 billion.
Alphabet:
Wall Street expects Alphabet to earn $19.21 per share on revenue of $56.02 billion.
Facebook:
Wall Street expects Facebook to earn $3.02 per share on revenue of $27.82 billion.
Amazon:
Wall Street expects Amazon to earn $12.22 per share on revenue of $115.07 billion.
Here is a full list of this weeks most anticipated earnings brought to you by Earnings Whispers:
China crackdown continues.
China ordered Tencent to give up its exclusive music licensing rights. “Tencent owns more than 80% of exclusive music library resources which gives the company an advantage over its competitors as it is able to reach more exclusive deals with copyright holders” (Crackdown). Not only Tencent is feeling the wrath of the Chinese government, Didi is being punished too. “Regulators see the ride-hailing giant’s decision to go public despite pushback from the Cyberspace Administration of China as a challenge to Beijing’s authority, the people said, asking not to be named because the matter is private.”
