The Week Ahead: Full Plate of Earnings

Jeremy Glaser: Earnings will be in full swing this week.

There has been no shortage of headlines for some of the largest Internet firms over the last few months, from the EU's $5 billion fine of Google parent Alphabet to continued concerns about privacy at Facebook. Both firms will report this week. Facebook had a strong first quarter with better than expected top- and bottom-line growth despite these privacy issues, and analyst Ali Mogharabi thinks that the current issues will not be a long-term headwind. Alphabet has also had strong results on the back of adverting, cloud software, and hardware offerings.

Amazon reports on Thursday. Analyst R.J. Hottovy believes the drivers of the firm's outperformance are built to last and that the company is enhancing its wide-moat rating.

Boeing is due Tuesday, and it has been in focus as it looks to acquire Embraer's regional jet business and also due to the potential impact of new tariffs.

We will hear from consumer-focused firms like Coca-Cola, Chipotle, and McDonald's; automakers Ford and GM; and telecoms AT&T and Comcast. Oil giants Chevron and Exxon Mobil will report on Friday, and the week will also bring phama earnings including Biogen, Eli Lilly, and Merck.

The marquee data release is the advanced reading of second-quarter GDP which will come out on Friday. We're also looking for new and existing home sales, durable goods, and the University of Michigan consumer sentiment gauge.

Stay tuned for our take on these stories.