What will be the main earnings releases for the week starting August 5

Admittedly, this week was the biggest of the quarter with 4 of 7 “Magnificent 7” announcing including Meta, Apple, Amazon and Microsoft.

How did those stocks do this week?

2 up and 2 down, with Amazon the worst performer as they missed on revenues (first miss in over 2 year). They also see less robust growth ahead. A summary of the changes this week and the change from the all-time highs shows:

• Meta +4.78%. Shares are down -10.20 from all time highs.
• Apple +1.98%. Shares are down -6.4% from all time highs
• Amazon, -8.55%. Shares are down -16.62% from all time highs
• Microsoft -4.69%. Shares are down -13.21% from all time highs

Last week Alphabet and Tesla reported. Both also declined this week:

• Alphabet -1.13%. That comes after a -6% decline last week. Shares are down -13.8% from its high.
• Tesla -5.55%. Last week, the stock fell -8.11%. The stock is down -23.32% from the high.

Nvidia does not report until August 28th. However, that has not stopped it from moving sharply lower despite talk of increased capital spending. The stock is down -6.25% this week and down -24.82% from all-time highs.

Next week, the earnings will be led by Uber, Caterpillar, Super Micro Computers, Shopigy, and Disney. Below is the full list of the key releases scheduled.

Monday

Before Open:

• Berkshire Hathaway
• The Carlyle Group

After Close:

• Palantir
• hims & hers
• Lucid
• CSX

Tuesday

Before Open:

• Uber
• Celsius
• Caterpillar

After Close:

• SuperMicro
• Rivian
• Airbnb
• Wynn Resorts

Wednesday

Before Open:

• Shopify
• Walt Disney
• CVS Health

After Close:

• Robinhood

Thursday

Before Open:

• Lilly
• Plug Power
• Datadog

After Close:

• Paramount
• Dutch Bros

Friday

Before Open:

• AMC Networks

This article was written by Greg Michalowski at www.forexlive.com.