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Earnings season kicks into high gear next week, with over 150 S&P 500 companies set to report their quarterly results. The spotlight will be on the tech sector, with several members of the “Magnificent Seven” scheduled to unveil their performance. Following Tesla’s recent report and ahead of Nvidia’s on November 19th, investors will be keenly watching Alphabet, Amazon, Apple, Meta Platforms, and Microsoft. A total of ten companies followed by CNBC are on next week’s reporting calendar.
Here’s a breakdown of what to expect, according to CNBC analysts:
Tuesday
Corning (GLW) is slated to release its Q3 earnings before the market open. The specialty glass maker has recently been added to CNBC’s portfolio, strategically positioned with a modest initial investment to allow for accumulation on potential dips. Analysts anticipate strong results driven by robust sales within its optical communication enterprise segment, fueled by the expanding demand related to artificial intelligence. The growing need for high-bandwidth connectivity in data centers and the build-out of 5G infrastructure are acting as significant tailwinds for Corning’s optical fiber solutions.
Wednesday
Boeing (BA) will report its third-quarter performance before the opening bell. A key focus will be the size of the non-cash charge related to the 777x program, Boeing’s next-generation wide-body jet. However, the positive narrative surrounds the ramp-up in 737 Max production, paving the way for increased deliveries and improved free cash flow. Furthermore, market watchers expect commentary on a potential wave of new orders, signaling a rebuilding of Boeing’s backlog. The company’s defense business will also be under scrutiny, given geopolitical instability and increased defense spending globally.
Starbucks (SBUX) unveils its fiscal fourth-quarter results after the market closes. Expectations are that this may be the last weak quarter for the coffee giant as its turnaround strategy, spearheaded by CEO, gains traction. Areas to watch include same-store sales growth, the performance of new product offerings, and the impact of ongoing investments in technology and store modernization.
Meta Platforms (META) reports Q3 earnings after the close. The social media behemoth is expected to show strength in its advertising business, benefiting from improved ad targeting capabilities and the continued growth of its user base. Of particular interest will be Meta’s progress in the artificial intelligence space. The company’s investments in AI infrastructure and its efforts to integrate AI into its products and services will heavily influence investor sentiment. Any updates on its metaverse investments will also be closely watched.
Microsoft (MSFT) shares its fiscal 2026 first-quarter results, also after market close on Wednesday. Expectations are positive, driven by a Windows refresh fueled by personal computer shipments and the strength of its cloud business, Azure. Azure’s consistent growth is anticipated, with the company potentially gaining market share in the competitive cloud computing space. Investors will be looking for insights into the performance of Microsoft’s AI-powered services, including its partnership with OpenAI, and the impact of these initiatives on its overall revenue and earnings.
Thursday
Bristol Myers Squibb (BMY) reports its third-quarter performance before the opening bell. Concerns are present regarding potential disappointment following setbacks in a major drug trial for a new indication of Cobenfy, a treatment for schizophrenia. Without positive updates on Cobenfy, the investment thesis will likely need reassessment. The company’s pipeline of new drugs and its ability to generate growth in the face of patent expirations for some of its key products are also key considerations.
Eli Lilly (LLY) also reports before the open. The focus will be on updates related to the cost and commercial viability of GLP-1 drugs like Mounjaro and Zepbound. Investors will be seeking reassurance that these innovative treatments for diabetes and weight loss can be delivered at sustainable prices. Production capacity for these drugs will also be in focus, given strong demand.
Amazon (AMZN), releasing its Q3 results after Thursday’s close, needs to showcase revenue acceleration in its cloud business, Amazon Web Services (AWS), aiming to return to growth rates reminiscent of 2021. This is crucial to dispel concerns about AWS’s growth trajectory. The performance of its e-commerce operations, particularly during the peak shopping season, will also be a crucial factor. Investors will be looking for signals that Amazon is effectively managing costs and improving profitability within its retail segment.
Apple (AAPL) shares its fiscal fourth-quarter results Thursday evening. Confidence is building on the iPhone maker’s performance, given reports indicating strong demand for new iPhone models. Supply chain constraints and their impact on production and deliveries will also be scrutinized. Investors are also looking for commentary on the company’s growing services business, including Apple Music, Apple TV+, and iCloud, and its expansion into new areas such as augmented reality and virtual reality.
Friday
Linde (LIN) reports its third-quarter results before Friday’s opening bell. Market analysts are comfortable heading into the quarter, following recent upbeat interactions between Linde’s management and sector analysts. Linde’s stability and consistency make it a reliable component in investment portfolios. The industrial gas giant’s ability to navigate economic cycles and its growth potential in emerging markets are key factors supporting its investment appeal.
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