Despite lagging behind other benchmarks that rose to record highs last week, the Nasdaq has been able to move higher, and as of 6:30 a.m.
This week, five key Nasdaq stocks, including four of the fabled FAANG stocks, will report earnings.
The company has been going through some challenges of late, with allegations from a whistleblower adding to long-standing controversies surrounding the social media giant.
In particular, Facebook will need to demonstrate that it can keep growing user engagement along with maintaining its impressive monetization metrics.
Microsoft investors expect the company’s Office suite of business productivity software should continue to perform strongly, complementing its Azure cloud computing service.
Meanwhile, Alphabet has garnered a reputation for being a value stock in the tech sector.
Finally, Apple and Amazon will report their earnings results on Thursday afternoon.
The release of the iPhone 13 won’t necessarily show up in this quarter’s results, given that the company only started shipping the newest smartphone line in the last week of the period.
Some expect a potential pullback in business activity, given the big boost that the e-commerce segment got in the year-earlier period from waves of COVID-19 cases.
These five stocks are huge and together could have a big impact not just on the Nasdaq but on the entire market.