Home > Amazon, Meta, Alphabet, PayPal, and AMD: These and other stocks to watch this week

Amazon, Meta, Alphabet, PayPal, and AMD: These and other stocks to watch this week

  • Earnings season continues with big names reporting, even as stocks edge towards the worst monthly performance since March 2020.
  • Tuesday could be the hottest day for results, with Alphabet Inc. (GOOG), Advanced Micro Devices (AMD), PayPal (PYPL), General Motors (GM), and Starbucks (SBUX).

The earnings season picks up a gear this week with reports from some of the biggest companies on Wall Street. 

Among those to be watched keenly by investors are FAANG giants Amazon and Meta (Facebook) and Google parent Alphabet.

PayPal, coffee chain behemoth Starbucks, semiconductor firm Advanced Micro Devices and automakers Ford and General Motors are also set to report this week.

Apple Inc., Microsoft, Netflix and Tesla have all reported their quarterly earnings, with 169 companies, or 34%, of S&P 500 companies having released fourth-quarter results by Friday.

Highlights of the earnings week

CNBC’s Jim Cramer says this “is the last truly hard week of earnings season,” and predicts that the S$P futures will dictate movement.

He thinks investors should brace themselves for the “wild action” in the futures market and be ready to capitalise if any of the “hideous, nauseous moments” for buying low come around.

With that in mind, the highlights of the week in earnings could be the three FAANG companies: Google-parent Alphabet, Meta Platforms, and Amazon.

For Alphabet, Wall Street expects earnings at $26.69 per share and revenue of $72.23 billion. The company’s shares closed 3.37% higher on Friday, but have slumped 8% year to date to highlight the broader sell-off in tech.

Meta Platforms shares closed 2.4% higher as markets closed a volatile week in the green. However, the FB stock is down nearly 11% this week and investors will be keen on strong Q4 earnings expected after the bell on Wednesday. 

Analysts covering the stock project earnings per share at $3.78 and $33.36 billion in revenue.

Thursday will be highlighted by Amazon’s Q4 2021 earnings.  Analyst estimates have the e-commerce giant’s earnings for the quarter at $3.88 per share and $137.73 billion in revenue. 

Amazon shares edged 3.11% on Friday, but are down 15.51% year to date.

What other companies are reporting this week. Find out with an earnings calendar

Stocks to close the worst month since March 2020

Stock futures are trading higher in Monday morning deals as investors look to close a dismal January on a positive note.

The S&P 500 futures are up 0.32%, while the Dow futures have gained 39 points or 0.11%. The Nasdaq 100 futures are also edging higher at 0.72%. 

But while the stock market rebounded sharply on Friday to see the major indexes close higher, stocks are set to close lower in January.

The brutal sell-off seen over the month has pushed the S&P 500 index 7% down year-to-date, putting it on course for its worst monthly performance since March 2020.

The Nasdaq composite is down 12% YTD, with the tech-heavy index looking at its worst monthly performance since October 2008.

The picture is the same for the Dow Jones Industrial Average, which has declined 4.4% in January as it tracks its most disappointing monthly returns since March 2020.

The market outlook is replicated across global stocks, with European and Asian shares also battered this month. Inflation, Covid-19 (Omicron variant), and central bank rate hikes have been overriding factors during the downturn.

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