The Week Ahead: Google and Disney Set to Report Earnings

The week starts off with earnings reports from wide-moat Google GOOGL on Monday and from wide-moat Disney DIS on Tuesday.

Our analysts maintain their positions on these two companies' lasting competitive advantages. Google is the leader in online advertising and is also gaining ground in the cloud market. It has strong network effects from its diverse line of products such as search, Android, Maps, Gmail, YouTube, and more. On Disney, we believe that it is successfully transforming its business to deal with the ongoing evolution of the media industry. ESPN remains the crown jewel of Disney's media networks segment, and Disney's world-class brand is well sought after by children and trusted by parents.

We will also hear from big names in pharma and biotech: Merck MRK, Novo Nordisk NVO, AbbVie ABBV, and Bristol-Myers Squibb BMY. We have begun incorporating environmental, social, and governance factors into our analysis of Big Pharma and Big Biotech.

Other notable names reporting earnings include Toyota TM, Sony SNE, and Philip Morris PM.

For economic data, we will hear updates on auto and truck sales Monday and on December 2019 trade balance data Wednesday. On Friday, a bundle of labor-related data will be released, including the unemployment rate, average hourly earnings, and average workweek.