During the upcoming week, which is packed with a variety of mega cap earnings reports, investors will get a fresh look at how deeply the COVID-19 pandemic is hurting corporate America.
Over the past week, still pressured by investor worries, the S&P 500 was down 1.3%, providing fresh evidence of serious damage to the U.S. economy. Indeed, as of this past Thursday's initial jobless claims report, 26 million workers have filed unemployment claims as companies struggling to preserve cash reduce their staffing.
Despite the fear-filled environment, a number of key earnings reports will be released which investors can’t afford to ignore. Our focus will be on three tech giants whose reports could help clarify whether their latest share price gains are justified:
- ALPHABET
Alphabet (NASDAQ:GOOGL), Google's parent company, will be reporting first quarter 2020 earnings on Tuesday, April 28, after the market close. On average, expectations are for earnings per share of $10.70 on revenue of $41 billion.
GOOGL Weekly TTM
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