Wall Street heads into the new week with a heavy slate of earnings and concern about global geopolitical developments. Tesla’s Q1 earnings, due Wednesday, will be especially scrutinized amid declining electric vehicle sales in the U.S. Here’s what’s happening …
- More than 500 companies report earnings this week, with some heavy hitters across all sectors. This morning, numbers are due from GE Aerospace, UnitedHealth Group, RTX Corporation, Capital One, Northrop Grumman, and 3M, followed Wednesday by Tesla, Lam Research, Philip Morris, IBM, Texas Instruments, AT&T, Boeing, and the CME Group. Thursday earnings are expected from Intel, American Express, SAP, Thermo Fisher, Union Pacific, Honeywell, and Lockheed Martin, followed Friday by Proctor & Gamble, Norfolk Southern, and Charter Communications. *
- Shares of Tesla have struggled this year, and investors are looking to the company’s Q1 earnings Wednesday for a potential lift. Wall Street is focused on the slow pace of Tesla’s Robotaxi rollout and rising spending tied to its AI push. Analysts expect revenue of about $22.1 billion, down 9% year over year, with adjusted EPS at $0.35. Over the weekend, Tesla said it expanded Robotaxi service to parts of Dallas and Houston, a small step investors will be watching closely. **
- U.S. equity markets powered to new highs last week, with the S&P 500 gaining 4.5% and the Nasdaq 100 jumping 6.2%. The Nasdaq’s advance marked its longest winning streak since 2013, extending to 13 consecutive sessions. The move has echoes of last year’s post‑”Liberation Day” recovery: investors appear to be pricing in a benign resolution to the Iran conflict even in the absence of a formal agreement, much as markets shrugged off elevated tariff risks on the way to record highs in 2025. JPMorgan client flow data show retail participation rebounded rapidly from unusually depressed levels during the selloff, suggesting that fear of missing out is once again pulling investors back into the market on dips. ***
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