S&P 500 has been declining over the last few months and has formed a death-cross pattern for the very first time since the year 2022. The index ended the week down 14.2% on its previous high.
Investors will pay close attention to the S&P 500 next week, as they watch for any developments in trade. It will also react to the corporate earnings that will give more insight into how well companies performed before Trump’s new tariffs.
Tesla (TSLA),
Tesla’s share price has plummeted in recent months. The stock price has dropped by half since January’s peak of $488. In this time, it has lost billions in value.
Analysts predict that Tesla’s financial results will be weak on Tuesday, as deliveries to Europe and China have fallen. According to the average forecast, Tesla will have revenues of $21.54 billion. This represents a 1.12% rise from last year’s same-period figures.
Analysts expect Tesla to have revenues of $106.9 Billion for the entire year. This represents a growth rate of 9.45%, which is its lowest in many years.
Alphabet (GOOG)
Alphabet (parent company of Google, YouTube and other Google products) has also slowed down in recent months. The stock has fallen from $208 to just $153 since January.
Stocks of Magnificent Seven companies have also fallen in price. Recently, I reported that there is concern about the business being disrupted due to AI bots such as Grok and Claude.
Analysts expect its business to continue doing well as revenues increased by 10.7% in the first three months of 2018 and reached $89.18 billion. The forecasted annual revenue is $387 Billion, and will then increase to $429 Billion in 2026. Analysts predict that Google’s stock will reach $201 in 2026, up from the current $153 level.
IBM (IBM),
IBM will also be a stock worth watching next week, as its results are published on Wednesday. The stock is still 10.50% lower than its high point for the year.
IBM’s sales have slowed down as the competition has increased from top tech companies like Google, Amazon and Microsoft. IBM could also lose contracts with US governments, just as Accenture and other consulting firms did. The company’s artificial intelligence has been growing at a modest rate.
Analysts expect IBM to have revenues of $14.39 Billion, which is a decline of 0.39% from last year’s same-period figures. The company’s earnings will drop to $1.43 per share, down from $1.68 a few years ago. IBM’s performance has been better than anticipated in recent quarters.
Boeing (BA)
Boeing’s stock has fallen by 40% since its peak in 2023, as the company moved from crisis to crisis. This year, Beijing’s companies were ordered to stop new deliveries and orders.
Boeing’s earnings will be released on Thursday and will give more insight into its operations. The earnings will give more information about the impact of Trump’s tariffs on Boeing and its efforts to turn around its business.
Watch out for these top S&P 500 Stocks
Watch out for other S&P 500 companies next week. Intel, for example, will release its results next Thursday to provide more details about the company’s business.
The top 10 companies are also popular names such as Philip Morris International (PMI), Thermo Fisher (TI), NextEra Energy (NEE), Chipotle, PepsiCo Verizon and Lockheed Martin.
The post S&P 500 Index Stocks to Watch: Google, Tesla and other stocks may change as new information becomes available.
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