Earnings Blitz Includes Tesla, Microsoft, Google, Meta, And Visa

Summary:

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Key economic reports due out in the week ahead include global PMIs, the first Q1 GDP reading, the durable goods orders report, and new home sales. At the very end of the week, the reading of core PCE inflation will be of high interest to Federal Reserve watchers, especially with FOMC members in a blackout period ahead of the May meeting. BNP Paribas Chief Economist Carl Riccadonna thinks positive supply shocks should continue to provide a tailwind to economic activity without boosting inflationary pressures, although a July rate move is seen as unlikely if inflation pressures prove more persistent. At the time of publication, futures trading implies a 42% probability of a rate cut at or before the July meeting.

In corporate earnings, heavyweights Tesla (NASDAQ:TSLA), Visa (V), Merck (MRK), Microsoft (MSFT), Alphabet (GOOG), and Meta (META) are all lined up to report. Some of the world’s largest energy firms will also step up, with Exxon Mobil (XOM), Chevron (CVX), and TotalEnergies (NYSE:TTE) on the earnings calendar. The defense industry is also well represented, with updates expected from Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX (RTX). Digging into the earnings flood, Seeking Alpha analyst Amrita Roy has a breakdown of the software sector, and why AI and vendor consolidation are key themes to watch. Meanwhile, Investing Group Leader Lawrence Fuller pointed out that the percentage of stocks trading above their 50-day moving average is falling, indicating a potential buying opportunity for investors.


Earnings spotlight: Monday, April 22 – Verizon (VZ), Truist (



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