Yahoo Finanza U.S. Stocks To Watch This Week
Big Tech Set To Report First-Quarter Earnings
This will be a very busy week.
Amazon, whose shares have gained more than 30% year-to-date, will release its earnings results on April 30 after the market close. The company is expected to report earnings of $6.37 per share. Amazon’s valuation stays sky-high, and it will be interesting to see whether the stock will have even more upside following the release of the earnings report.
Facebook will provide its first-quarter results on April 29 after the market close. Facebook did not enjoy the same upside as Amazon but its shares have held well during the current crisis. The focus will be on the company’s comments about advertising trends since the advertising market may get materially hit due to the virus-induced recession.
Microsoft, whose shares also served as a safe haven asset during the current turmoil and have gained more than 10% since the beginning of the year, is set to report its earnings on April 29 after the market close. The intrigue here is the company’s comments about Microsoft Teams, which is in spotlight as the world has to adopt to remote work during the pandemic.
Tesla Upside Will Get Tested
Tesla added more than 70% of market capitalization this year and continues to rebound in an active fashion from the low levels seen at the acute phase of the market sell-off in mid-March.
The company is set to report its earnings on April 29 after the market close. Analysts expect that Tesla will report earnings of -$0.21. The most interesting point of the report is whether the current coronavirus crisis hurt Tesla’s finances which have always been rather shaky, although the high stock price provides good financing opportunities in case Tesla needs more money to boost investments.
Exxon Mobil Will Have To Answer Questions About The Dividend
At current prices, Exxon Mobil is yielding around 8% which is a big yield for an oil major. This yield highlights the fact that the market is not absolutely sure that the dividend is sustainable.
As oil prices are under huge pressure once again, Exxon Mobil will certainly get questions about its dividend plans for the future since borrowing money to pay the dividend is not a strategy that one could use indefinitely.
Exxon Mobil will report its earnings results on May 1 before the market open, and this report (and the subsequent earnings call with analysts) will be very important for the stock’s future.
This article was originally posted on FX Empire
