The Week Ahead: Pfizer, Facebook, Google, and Apple to Report Earnings
Earnings from big names in industrials, consumer cyclical, finance, and more are also on the calendar for next week.
The week ahead is stacked with earnings reports across all sectors. Pfizer (PFE) is expected to report on Tuesday, followed by Facebook (FB) on Wednesday, and Alphabet (GOOGL) and Apple (AAPL) on Thursday.
Pfizer and partner BioNTech (BNTX) have released strong phase 1 data from their vaccine trials. Once the companies decide which of the four potential vaccines to pursue, phase 3 could begin by the end of the month. This pharmaceutical giant holds a competitive advantage over others in the industry with its strong cash flows, broad portfolio of patent-protected drugs, and wide economic moat. We anticipate a safe, effective vaccine from Pfizer and its partner BioNTech by the end of 2020.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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