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The Week Ahead: Tesla, General Electric, and Facebook to Report Earnings

A long list of companies across several sectors will report.

In the week ahead, we expect the most earnings reports from the second quarter.

On Monday, we expect to see reports from Lockheed Martin LMT and Tesla TSLA.

By 2030, electric vehicles will account for 30% of the total autos sold globally; in 2020, electric vehicles only made up 3%. This growth will go beyond the auto industry and transform several different businesses. Tesla is one of our top picks in this rapidly growing space.

For Tuesday, 3M MMM, Starbucks SBUX, Advanced Micro Devices AMD, Visa V, Microsoft MSFT, Alphabet Class A GOOGL, Apple AAPL, and General Electric GE are on our radar.

General Electric stands out as a top pick in the industrials sector for several reasons, including the company's aviation segment, its industry-leading installed base of equipment, and its cheap price tag. The narrow-moat company is well-positioned and holds major future earnings power.

McDonald's MCD, Pfizer PFE, Ford Motor F, Facebook FB, ServiceNow NOW, PayPal PYPL, and Boeing BA are on the docket for Wednesday.

Facebook gained an early victory after lawsuits from the Federal Trade Commission and 46 states and the District of Columbia were dismissed by federal judge James E. Boasberg on June 28. This is positive indication for the firm, and our analysts believe antitrust and other regulatory risks are manageable.

Reports from Merck MRK, Altria Group MO, AMZN, Anheuser-Busch InBev BUD, and T. Rowe Price TROW are expected on Thursday. We anticipate reports from Procter & Gamble PG, Exxon Mobil XOM, Chevron CVX, and AbbVie ABBV on Friday.

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