Corporate earnings will dominate business headlines this week, with reports from a range of major U.S. corporations expected. Tesla, Google, Intel, Verizon Communications, and Coca-Cola lead the companies on the earnings calendar. They’ll arrive after a trading week in which the S&P 500 edged higher and the Nasdaq set closing highs on five straight days. Tesla’s results will be watched for a range of reasons, including questions about the health of its core auto business but also CEO Elon Musk’s public profile and its recent robotaxi launch. Consumer and industrial goods makers are also set to report, along with energy and health-care companies.
New and existing home sales data for June will give insight into whether poor sales continue in the housing market.
Tesla, Alphabet Lead Packed Earnings Calendar
Tesla’s (TSLA) report, due Wednesday, comes amid headlines about analyst downgrades, declining sales, and executive departures at the EV maker, whose shares have slid close to 20% this year. UBS analysts recently said the company’s shares were “fundamentally overvalued.” The EV maker has reported weakening sales, especially in Europe, while recently unveiling its long-awaited robotaxi system. Musk has continued to spar with President Donald Trump, even suggesting that he might create a new political party.
Google parent Alphabet (GOOG) is also lined up to report Wednesday. Investors will be looking for updates on the search giant’s AI plans. Intel’s (INTC) scheduled earnings release the next day comes amid layoff announcements for the struggling chipmaker, while new CEO Lip-Bu Tan considers a shift in the manufacturer’s contract chip-making business. GE Vernova (GEV) earnings could give insight into the energy demands of new AI facilities. Verizon (VZ) may show signs of improving its subscriber base when it reports on Monday; AT&T (T) is also scheduled to report this week. Coca-Cola (KO) and General Motors (GM) earnings could provide insight into how tariffs are affecting U.S. businesses. HCA Healthcare (HCA) closes the week with earnings set for Friday as the hospital operator grapples with a data breach.
Home-Sales Data May Reflect Market Struggles
Home sales have languished under elevated mortgage rates, high housing prices, and limited inventory. While existing home sales improved in May, the annual sales level of about 4 million still hovered near historically low levels. Investors will be watching to see if Wednesday’s release of June data shows any improvement. The next day, new home sales data is set to be released; that piece of the housing market has produced improved results on greater inventory levels. Investors will also be following initial jobless claims on Thursday. Durable goods orders, due Friday, provide a barometer for the manufacturing sector.
Scheduled remarks from Fed Chairman Powell and Gov. Bowman on Tuesday are part of a Fed banking conference. They occur during the blackout period before the Fed’s next meeting, so they may avoid addressing interest rates. OpenAI CEO Sam Altman is also expected to speak at the event.