The Week Ahead: Tesla, Microsoft, Boeing, Altria Group and AbbVie Announce Profits

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Monday we expect Tesla (TSLA) income report to start the week. Despite the automaker’s dominance in the industry, we expect fierce competition to emerge at some point in this decade.

For Tuesday we are looking for reports from 3M (MMM), Starbucks (SBUX), Advanced micro-systems (AMD), Visa (V), General Electric (GE)and Alphabet (GOOGL). Microsoft (MSFT) also joins our list of reports due on Tuesday. After acquiring Nuance Communications, a leading artificial intelligence company, the wide-moat software company can dive deeper into healthcare.

Ford engine (F), Apple (AAPL)and Facebook (FB) are on our list for Wednesday, as well as Boeing (BA). On April 20, the aerospace and defense firm announced an increase in the retirement age to 70. Current CEO Dave Calhoun is 64 years old. and convert company inventory to cash. Soon after, the pandemic struck and had a huge impact on global air traffic. Despite the difficult start, we believe Calhoun was successful in helping the company achieve its goals.

Thursday our eyes are on T. Rowe Price (TROW), Merck (MRK), McDonalds (MCD), Amazon.com (AMZN)and Altria Group (MO). According to media reports, the Biden administration plans to reduce the levels of nicotine and menthol in cigarettes in the United States. Discussions about nicotine cuts and tobacco bans have been going on for years. So far, we don’t see this happening anytime soon.

To close the week, we are awaiting reports from Exxon Mobil (XOM), Chevron (CLC)and AbbVie (ABBV). AbbVie has a strong portfolio, but the drugmaker’s earnings performance is in the hands of its key drug, Humira. Humira is approved for rheumatoid arthritis, psoriasis and Crohn’s disease, but pressure from biosimilars in international markets could cause sales to decline over the next few years.

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