Week Ahead: Trillion Dollar Titans In Focus

• 4 of the so-called “Magnificent 7” set to publish earnings

• Combined market cap of 4 tech giants over $9 trillion

• Beyond earnings, key focus remains on AI initiatives

• Meta could move almost 10% ↑ or ↓ post-earnings

• Apple biggest company in the world reports results Friday

An exceptional list of key risk events could present fresh trading opportunities in the week ahead.

Rate decisions my major central banks to the US monthly jobs report and corporate earnings from the most valuable companies in the world will be in focus:

Monday, 29th July

• US30: McDonald’s earnings
• NETH25: Heineken earnings
• NAS100: Nvidia & Meta fireside chat

Tuesday, 30th July

• EU50: Eurozone economic/consumer confidence, GDP
• GER40: Germany CPI, GDP
• JP225: Japan unemployment
• USDInd: US consumer confidence
• NAS100: Microsoft earnings

Wednesday, 31st July

• AU200: Australia CPI, retail sales
• CN50: China PMI’s
• EU50: Eurozone CPI, Germany unemployment
• JP225: BoJ rate decision, industrial production, retail sales
• TWN: Taiwan GDP
• US500: Meta Platform earnings, Fed rate decision

Thursday, 1st August  

• CN50: China Caixin manufacturing PMI
• EU50: Eurozone/Germany manufacturing PMI
• UK100: BoE rate decision, manufacturing PMI
• USDInd: initial jobless claims, ISM manufacturing
• NAS100: Apple, Amazon earnings

Friday, 2nd August

• US500: US June NFP report

Our attention falls on earnings from the trillion-dollar club after disappointing results from Alphabet and Tesla fanned fears over the A.I. frenzy being overblown.

As of writing, US equities are heading for a second week of declines after recording their worst day since 2020 on Wednesday.

Four of the so-called “Magnificent” 7 tech giants with a combined market cap of over $9 trillion are set to publish their results in the week ahead. This is what you need to know:

  1) Microsoft

Microsoft reports its fiscal fourth quarter earnings on Tuesday 30th after US markets close.

Despite shedding over 6% this month, its shares are still up roughly 10% year-to-date thanks to the A.I. frenzy. The bar has been set quite high with investors looking for solid results to support its whooping $3.1 trillion market valuation. Much focus will be on Microsoft’s Azure cloud platform business which fueled the tech giant’s earnings beat in previous quarters and any fresh updates on its AI initiatives.

Markets are forecasting a 4.9% move, either Up or Down, for Microsoft stocks post earnings.

  2) Meta Platforms

Meta is set to report second-quarter earnings after US market close on Wednesday 31st July.

Its shares are up almost 30% this year amid the excitement around AI translating to big profit in the tech arena. While the company is expected to report year-over-year revenue and earnings growth, it’s all about the strength of its advertising business. Any new insight on AI opportunities especially after the launch of Llama 3.1 could be welcomed by investors.

Markets are forecasting a 9% move, either Up or Down, for Meta stocks post earnings.

  3) Amazon

On Thursday 1st of August after US markets close, Amazon will publish its second quarter earnings.

Quarterly revenues are seen rising to $148.8 billion from $134.4 billion in the prior year, equating to a near 11% increase. Still, much focus will be on Amazons cloud computing and advertising business in addition to any updates on AI to gauge its business outlook.

Markets are forecasting a 7% move, either Up or Down, for Amazon stocks post earnings.

  4) Apple

The most valuable company in the entire world with a market cap of $3.3 trillion reports its third quarter earnings on Thursday 1st after US markets close.

The titan is expected to report year-over-year revenue and earnings growth. However, attention will be on the performance of iPhone sales – especially due to the challenges in China. Beyond the earnings investors will be looking for any fresh updates on its new AI generative software or possible guidance for the upcoming quarter.

Still, Apple shares are up 13% this year with markets projecting a 4% move, either Up or Down, for Apple stocks post earnings.