We’re now in one of the hottest, and most important weeks, of earnings season: the Big Tech portion.
Or maybe we could generalize even more… this week is going to be a big one for indexes. Many of the U.S. markets’ largest index-weighted companies are reporting this week. We’re not math majors here, but we’ve ran the numbers… and over a quarter of the S&P 500’s total weight is reporting in the next four days.
And for you Nasdaq sympathetics, seven of the Nasdaq-100’s top holdings are reporting this week… and almost half of the index’s total weight will report in the next four days.
So, in short, this is a serious week for markets. If the results are good, the indexes will likely be seeing green. If they’re bad… well, it’s more of the last few weeks of downside.
Tomorrow, Google and Microsoft will take the lead. On Wednesday, Meta and PayPal will report, along with Pinterest and Spotify. On Thursday, we’ll get a triple-threat in Apple, Amazon, and Twitter. (However, some honorary “not-super-large-tech-but-big-enough-tech-companies” will also report: Intel, Roku, and Robinhood among them.)
And Friday? Well, there won’t be much tech to be had, but there’s plenty to be said about pharma and gas giants. Many of the names reporting on Friday also carry their weight in America’s most invested indexes.
We’ll be reporting on the results up and down this week, so stay tuned to our Twitter, Instagram, and our emails (which come to your inbox, of course.)