Monday, March 27th
Prepare yourself for a flurry of earnings reports, starting bright and early with General Motors (GM) hitting the stage before the market opens. Wall Street anticipates a slight dip in year-over-year profits, but CNBC’s Michael Wayland remains optimistic, citing GM’s history of exceeding earning expectations.
Wayland’s eagle eye will be scanning for signs of financial resilience, vehicle pricing trends, and any updates on GM’s electric vehicle plans. Over the last 36 quarters, GM has delivered a consistent performance, beating estimates 35 times.
After Hours: The electric vehicle kingpin Tesla (TSLA) takes the spotlight. Analysts foresee a sharp decline in earnings, a sobering reflection of the company’s recent struggles. CNBC will closely monitor Tesla’s earnings report, particularly in light of a recent downgrade and concerns about its shift away from low-cost vehicles.
Wednesday, March 29th
Get ready for a double dose of earnings from Boeing (BA) and Chipotle Mexican Grill (CMG).
Boeing’s (BA) earnings release comes amid a barrage of challenges, including a 35% decline in stock value this year, safety concerns raised by a whistleblower, and CEO Dave Calhoun’s impending departure. These setbacks raise the crucial question: Can Boeing’s Q1 results signal a shift towards recovery?
Chipotle Mexican Grill (CMG), on the other hand, is riding a wave of success, boasting a stock surge of 25% year-to-date. Investors are eager to see if the fast-casual chain can sustain its momentum with projected double-digit growth in earnings and revenue.
After Close: Automobile enthusiasts will have their eyes glued to Ford Motor (F) and Meta Platforms (META) as they unveil their financial report cards.
Ford faces a mixed bag of analyst sentiments, with some bullish on its restructuring plan and others skeptical about its recent warranty and recall issues. CNBC’s Michael Wayland will analyze the company’s progress in these areas, as well as its strategy for electric vehicles and hybrids.
Meanwhile, Meta Platforms (META) is basking in the glow of a 36% stock surge this year. Analysts exude optimism, predicting a near-100% rise in earnings per share. CNBC’s focus will be on the tech giant’s continued momentum and its efforts to monetize the popular Reels video platform.
Thursday, March 30th
The earnings marathon concludes with a tech titan showdown featuring Alphabet (GOOGL) and Microsoft (MSFT).
Alphabet (GOOGL), the parent company of Google, is poised to unveil its financial prowess, with analysts forecasting a 30% earnings surge. Investors will scrutinize updates on the company’s AI advancements, such as the much-talked-about Gemini AI tools.
Microsoft (MSFT), the software colossus, is anticipated to deliver a double-digit percentage growth in earnings and revenue. CNBC’s Jordan Novet will be on the lookout for progress in Microsoft’s AI initiatives, specifically the impact of its Copilot AI assistant and the adoption of Azure cloud services.
As we venture into this week of earnings reports, volatility is inevitable. Buckle up, analyze the data, and stay tuned to LA News Center’s coverage for the latest updates and expert insights.
Data sourced from: cnbc.com
