Three big names report earnings this week, and if these names beat estimates as companies did last week, these stocks should rally. We’ve seen how explosive large-cap tech stocks can be… and these three are industry leaders.
I like one of these three stocks in particular and I’ll tell you why in a bit — and more in Monday’s stock market recap.
But first…
Stock Market Recap
In today’s stock market recap, global shares are slightly higher with investors looking for more positive earrings data this week. Several important economic reports will also be released.
Today we have durable goods orders, and consumer confidence drops on Tuesday. The Federal Open Market Committee meets this week, with an announcement coming Wednesday. On Thursday, we have the usual jobless claims plus the GDP report — the most important report of the quarter. It will give us a good idea of how the economy is progressing. The personal income report will be released on Friday, so it’s a busy, busy week!.
The S&P 500 made new highs on Friday and remains a beast. Earnings continue to beat analyst expectations, and markets could see volatility pick up.
Roger’s Radar: 3 Large-Cap Stocks Reporting Earnings This Week
The Tesla Inc. (Nasdaq: TSLA) earnings report is expected after market close today. TSLA has experienced some volatility lately with chip shortages, Chinese government PR issues and auto-pilot performance issues. After strong first-quarter delivery numbers, investors are now focused on estimating TSLA’s trajectory for the rest of 2021.
Analysts expect TSLA to have $10.5 billion in revenue and post an earnings per share of $0.75. We saw TSLA have a monstrous year in 2020 with huge trading volume numbers. Beating earnings estimates could set up 2021’s trajectory for TSLA.
The other two names I discuss in today’s video are a FAANG stock and a multinational technology company. I’ll give away my favorite of these three stocks in today’s video. Not only does this stock look technically sound, but cloud computing could drive its numbers through the roof.
In today’s video, I’ll discuss the Federal Reserve agenda for the week… highlight the biggest and most influential reports… give you an update on the S&P 500 index… and give you earnings updates on three top stocks.
P.S. I’m excited to talk about one of my trading strategies that’s been tracking some of the hottest stocks. I want everyone to be able to get in on these trades.
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