Wall Street closed lower on Monday as investors remained cautious about the ever-increasing coronavirus cases. Moving ahead, this week the main attention will be on the Q4 earnings season. Tesla, Apple, Facebook, Microsoft, and Boeing are among the big giants to report this week. Apple and Tesla shares surged to a fresh all-time high on Monday while Microsoft stock shy to break the previous 52-week high ahead of the reports.
During the last week, several tech firms including IBM and INTEL reported mixed earnings results. While the entertainment giant Netflix again surprised the investors with strong Subscribers numbers and the company revenue increased 21%, to $6.6 billion.
This week the big tech firms include Apple, Facebook, Microsoft, AMD, and Honeywell all report quarterly earnings. Microsoft (NASDAQ: MSFT) kicks off tech earnings on Tuesday and $MSFT stock closed 1.5% higher on Monday. On Wednesday, along with Facebook (NASDAQ: FB), the tech giant Apple Inc. (NASDAQ: AAPL) is scheduled to report fourth-quarter results.
On the other hand, Tesla (NASDAQ: TSLA) also will report the Q4 financial results on Wednesday, Jan 27. The automaker reported its fifth consecutive quarterly profit on October 22, 2020, with revenue of US$8.8 billion. Tesla shares trading extra volatile ahead of the announcement. The stock climbed to a fresh all-time high of $900 and closed 4% higher on Monday.
There are few other major companies also reporting quarterly results this week
Advanced Micro Devices (NASDAQ: AMD) - after market close on Tuesday
Boeing Co (NYSE: BA) - before the markets open on Wednesday
Abbott Laboratories (NYSE: ABT) - before the markets open on Wednesday
McDonald’s Corp (NYSE: MCD) - before the markets open on Thursday
Mastercard NYSE: MA - before the markets open on Thursday
Visa Inc (NYSE: V) - after market close on Thursday
Caterpillar Inc. NYSE: CAT - before the markets open on Friday