After a week where the S&P 500 had its best first four trading days under a new president since Ronald Reagan’s first week in 1985, the market faces a momentous week with more than 100 members of the S&P 500 set to report earnings. However, the market will likely be driven by a few earnings reports in the tech space. Industry leaders like Microsoft, Meta, Tesla, and Apple will report earnings on Wednesday and Thursday this week.
After a $500 billion AI infrastructure project announcement, it is clear President Trump wants to maintain U.S. leadership in the AI space. That being said, it is highly likely these big tech companies will provide insights into their strategic priorities and the impact of technologies like artificial intelligence (AI).
On Wednesday, January 29th, Microsoft, Meta, and Tesla will report earnings. Microsoft is expected to report earnings of $3.11 per share, a 12% year-over-year increase. Revenue is projected at $50.2 billion, up 10% from the same period last year. For Meta, analysts forecast earnings per share (EPS) of $6.73, which is a 26.3% increase year-over-year. Revenue is anticipated to reach $47 billion, a 17% rise. Tesla is expected to post an EPS of $0.76, with revenue projected at $24.2 billion.
On Thursday, January 30th, Apple is set to report its earnings. Apple is forecasted to report an EPS of $2.35, with revenue estimated at $124.1 billion.
All eyes will be on these earnings reports as they are likely to shape short- and long-term market sentiment. These four companies combine for approximately 17.83% of the S&P 500’s total market capitalization.
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