Expecting some strong earnings report from the US Giants
Tesla ( April 26 after the market close current price is $729.40) up-and-down 2021 has so far resulted in a mere 3% gain for shares through late April, widely trailing the S&P 500’s 11%-plus ascent. Tesla will try to do the same with Q1 earnings, due out after the April 26 market close. The pros are looking for revenues of $10.29 billion (+72.0% year-over-year) and profits of 79 cents per share (+234.5%). –
Google (April 27 after the market close current price is $2,299.93) was the worst of the “FAANGs” last year with a still-market-beating 31% gain. However, GOOGL is up by the same amount so far for the year-to-date, and that currently has it well ahead of the other mega-caps in the group. Will the outperformance continue after its Q1 earnings report, due out after the April 27 close? That might largely be up to the company’s ability to clear a high bar – analysts are expecting a 25.5% jump in revenues to $51.55 billion, and a 59.1% pop in profits to $15.70 per share, in large part thanks to a recovery in ad spending.
Microsoft ( April 27 after the market close current price is $261.15) We are expecting another ‘beat and raise’ special when Microsoft reports earnings, Based on the recent field checks for the March quarter, we strongly believe the tide is shifting in the cloud arms race as Microsoft should deliver a ~45% Azure growth number this quarter and is clearly taking market share vs. (Amazon Web Services) based on our analysis. Clearly, we have seen Microsoft’s products getting used everywhere
Apple (April 28 after the market close current price is $134.32) is following up a red-hot 2020 rally of more than 80% with a flatish 2021, with shares ticking a mere 1% higher through just about four months into the year., which will report fiscal second-quarter results after the April 28 market is close, is expected to report revenue growth of 32.2% to $77.1 billion and a 53.1% jump in profits to 98 cents per share.
McDonald’s ( April 29 after the market close current price is $234.58). This week will be dominated by headlines from the FAANGs, but the calendar is chock-full of other mega-cap reports, including Thursday morning’s announcement from Analysts, are looking for a strong first quarter, including revenues of $5.03 billion (+6.8% year-over-year) and profits of $1.81 per share (+23.1%).
