Affectionately known as ‘the week from hell’ here at MyWallSt, the third week of earnings season has always been a doozy when your job is writing about public companies. About a third of the companies in the MyWallSt shortlist will report this week, meaning some late nights are in store for our team of analysts. But you’re not here to hear me complain about work, you’re here to find out what companies are reporting earnings this week, so here’s a quick rundown sector by sector.
Big Tech Stocks
- Alphabet reports after the bell on Monday, October 26th.
- Microsoft reports after the bell on Tuesday, October 27th.
- Amazon, Apple, and Facebook all report after the bell on Thursday, October 29th.
Considering the impact that these five stocks have on the greater market and the major indexes, all eyes will be on their respective earnings calls this week. Amongst the tumult of congressional hearings and with the Department of Justice circling, the big tech stocks will need to produce stellar results to maintain the safe haven that investors have flocked to over the course of 2020.
- Fiverr reports before the market opens on Wednesday, October 28th.
- Etsy reports after the bell on Wednesday, October 28th.
- Shopify reports before the market opens on Thursday, October 29th.
- Carvana reports after the bell on Thursday, October 29th.
This is the sector with the most expectation of any mentioned. Each stock here has more than doubled in price year-to-date as shoppers move online. With this type of price performance, the pressure is on to sate and even surpass these high expectations from investors and analysts alike. Expect some big numbers from this group of companies.
Social Media Stocks
- Pinterest reports after the bell on Wednesday, October 28th.
- Twitter reports before the market opens on Thursday, October 29th.
After Snapchat’s blowout earnings report last week, investors will look to Pinterest and, to a lesser extent, Twitter to recreate something similar. As Facebook continues to create bad press, this could be an opportunity for the smaller social media companies to wrest away advertising revenue from Zuckerburg & Co.
- Twillio reports after the bell on Monday, October 26th.
- Fastly reports after the bell on Wednesday, October 28th.
Two stocks that have been on the tip of analysts’ tongues for months now, the seemingly inevitable world domination of cloud computing has led to some lofty valuations in the industry and the run-up seen by Twillio and Fastly this year means the bar is set pretty high. Interestingly, Fastly has already revised its revenue for the quarter down from $75 million to $71 million, sending the stock plummeting on the news. Expect a lot of questions about its reliance on TikTok as a customer on the call.
Credit Card Stocks
- Mastercard reports before the market opens on Wednesday, October 28th.
- Visa reports after the bell on Wednesday, October 28th.
While not as sexy as some of the other companies listed above, the two major credit card companies’ earnings reports are always ones to keep an eye on as they tell us a lot about the global economy. One can glean from Visa’s and Mastercard’s performance the recovery of the global economy, and if there are any shifts in where people are spending their money.
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MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here.
Content Manager at MyWallSt
Michael's first and favorite stock is Square, which he sees becoming a massive player in the payments industry and a leader in the war on cash.