Next week sees the preliminary reading of April inflation and the first quarter GDP figure in the forefront in Europe. GDP test also for the United States, from which the strong outperformance of the US economy compared to the EU should emerge.
Also in the foreground Fed and BoJ meetings, from which, however, no significant news is expected. The Swedish central bank also meets.
The quarterly season will go ahead at a fast pace both in the Eurozone and in the USA, with over 1/3 of the stocks in the S&P 500 index that will report the accounts for the first quarter of 2021.
The quarterly season in Piazza Affari is starting to get underway with the numbers of Saipem (April 28) and of ENI and STM the next day. For the accounts of the big banks it will be necessary to wait until the beginning of May.
Tesla and Google open the dance of the Big Tech
Since Monday, April 26, mainly the accounts of Wall Street titans, in particular growth stocks, or Big Tech, such as Amazon, Microsoft, Alphabet, Tesla, Apple and Facebook, are arriving.
We start immediately on Monday with Tesla (accounts after market close). Wall Street’s expectations are for adjusted earnings of $ 0.74 per share, compared to $ 0.25 per share in the first quarter of 2020. If the company meets this estimate, it would be the Tesla’s seventh consecutive quarter of profit. Analysts also expect Tesla to report revenue of $ 10.5 billion in the first quarter, up from $ 6 billion in the period a year ago.
He will also be among the first to give the accounts Alphabet. In the first quarter, the parent company of Google is expected to report, according to consensus estimates, an EPS of $ 15.45 per share, which represents year-over-year growth of about 57% from $ 9.87 per share compared to the same quarter. a year ago. The Mountain View internet giant is seen reporting revenue growth of more than 25% to around $ 42.2 billion. From the beginning of the year Alphabet marks a substantial + 30% and the accounts could push the title to new historical tops.
Quarterly Weeks on Wall Street:
Monday 26th April
Tuesday 27th April
- Starbucks
- Microsoft
- Alphabet
Wednesday 28th April
- Amazon
- Apple
- Boeing
- eBay
- Shopify
- Spotify
Thursday 29th April