The Week Ahead: Full Plate of Earnings
Reports are due from Alphabet, Facebook, and Amazon as well as big names in consumer goods, autos, and oil. Plus, the advanced reading of second-quarter GDP.
Jeremy Glaser: Earnings will be in full swing this week.
There has been no shortage of headlines for some of the largest Internet firms over the last few months, from the EU's $5 billion fine of Google parent Alphabet to continued concerns about privacy at Facebook. Both firms will report this week. Facebook had a strong first quarter with better than expected top- and bottom-line growth despite these privacy issues, and analyst Ali Mogharabi thinks that the current issues will not be a long-term headwind. Alphabet has also had strong results on the back of adverting, cloud software, and hardware offerings.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.