⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

Major Earnings Reports to Shift Market This Week

This is a big week for the stock market, and you can already see the major indices heating up with positive closings from Monday.

The Nasdaq Composite closed on Monday with a gain of 1.11%, which was the highest among the three top indices. The S&P 500 trailed with a gain of 0.87%, followed by the Dow Jones Industrial Average with its gain of 0.67%.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewSFSA, FSCA, CySec*USD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewNot Regulated0.001 BTCVisit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewCySEC,MISA, FSCAUSD 20Visit Broker >>

 

This week, a number of major companies that are traded on the stock market will be revealing their earnings reports, some of which have already been released. Top movers like PepsiCo, Visa, Tesla, JetBlue, and others will be heating up the market with their quarterly earnings, corporate reports, and sales forecasts. Expect the market to shift radically from moment to moment all week long as a result.

PepsiCo (PEP) stock is down right now, after releasing its earnings report on Tuesday morning before the market opened. Even though its sales were up, with earnings of $18,250 million for the quarter, its stock dropped 1.34%. Apparently, investors are looking at more than just sales and may be influenced by the company’s Quaker Foods product recalls earlier in the year.

Upcoming Earnings Reports This Week to Watch

There are too many earnings reports to list here, but  we want to point out a couple key ones that could have a big impact on how the market moves overall for the rest of the week.

Tesla (TSLA) is set to announce its earnings later today, and the company has been embattled lately with product cancellations before they launch and massive employee layoffs. Tesla could use a positive earnings report and a stock price jump, but that is unlikely to happen. They may be able to spin the layoffs as a major cost savings move that will help the company retain its profitability.

GE Aerospace (GE) is up today by 1.34% and may continue to climb this week. The airplane manufacturer will be reporting its earnings today. This will be the first such report from the company since GE split into three smaller companies with their own earnings reports.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles