Week Ahead: Earnings Deluge From Key Players Across Sectors
Alphabet, Amazon, and Microsoft lead the tech reports, with Exxon, 3M, Ford, and many more also on tap. Plus, the first reading of first-quarter GDP.
Jeremy Glaser: Welcome to The Week Ahead.
Thursday will be the key day for tech earnings. Google parent Alphabet will provide an update that day. The search and ad giant has been in the news recently over concerns about ads appearing on inappropriate YouTube content.
Amazon will also report, and we'll be looking to see if the firm can continue to push gross margins higher. Third, we have Microsoft, which has been on a roll recently, with the cloud growing quickly and legacy businesses holding their own. Intel is also due. We're expecting modest growth for the year as data center growth is offset by declines in PC sales.
There are plenty of consumer firms reporting, too, including Chipotle, Coca-Cola, Pepsico, Starbucks, and Procter & Gamble.
We'll get a sense of the industrial economy from Alcoa, 3M, Boeing, Ford, and GM. In healthcare, Express Scripts, Eli Lilly, and Amgen will report. And finally, oil majors Chevron and Exxon Mobil are due Friday.
The first reading of first-quarter GDP will be released Friday, and director of economic analysis Bob Johnson is expecting an anemic start to 2017. Other data includes consumer sentiment gauges, housing metrics, and durable goods orders.
Stay tuned to Morningstar for our take on these stories.
Jeremy Glaser has a position in the following securities mentioned above: MSFT. Find out about Morningstar’s editorial policies.