The five largest companies in terms of market value in the S&P 500 (Apple, Microsoft, Amazon, Facebook, Alphabet, and Tesla) are the most important earnings for sentiment this week.
This week seven out the 10 largest companies in the S&P 500 will report earnings representing 15% of the MSCI World Index. Besides these mega companies hundreds of the world's most important companies across banking, energy, health care, social media and online advertising will report earnings. It is basically make or break for global equities this week, and the show starts Monday with Tesla where expectations are so high that it is almost an unbearable task for the management to deliver despite recently strong Q1 delivery numbers.
Tesla expectations are high for Q1 results with revenue at $10.4bn up 74% y/y, but down from Q4 2020, driven by strong demand for electric vehicles. Tesla’s outlook is key, and investors will be looking at any signs of weakness from increased competition and pricing pressure in China.
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