This is the most important datapoint in earnings season so far.
Alphabet to invest $75 billion in CapEx during 2025 - this will ease chip industry fears. Large cap tech is maintaining record investment in AI infrastructure, even after DeepSeek’s disruption. Source: The Kobeissi Letter
Ferrari $RACE Q4 2024 results
"Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024" – Benedetto Vigna, CEO. Shipments +2% *EMEA +4% *Americas +8% *Greater China -21% *APAC +5% Revenue +14% EBIT +26% *marg 27% (24.4) EPS +32% Source: Quartr
All eyes on the Nasdaq 100.
Over 25% of stocks in the index report earnings this week... Source: Trend Spider
The fourth quarter earnings season is longer than the others because companies need to complete their year-end numbers and get signed off on by the auditors.
Therefore, only half of those S&P 500 $SPY companies expected to report in February have scheduled earnings yet, so look for those right bars to get bigger. That said, we have a pretty good look at the next few weeks. This week will still be mostly about the Financials $XLF, but we’ll begin to get Industrials $XLI reporting too. source : earningswhisper
Earnings do matter
Source: Investment Strategy Group, Bloomberg, S&P Global
JPMorgan $JPM reported earnings
EPS of $4.84 beating expectations of $4.11 Revenue of $43.7B beating expectations of $41.7B Jamie Dimon added … “two significant risks remain. Ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time. Additionally, geopolitical conditions remain the most dangerous and complicated since World War II” Source: App Economy Insights
All eyes are on Tesla, $TSLA, this week: Tesla is expected to report Q4 2024 deliveries of 504,000 this week, according to Kalshi.
This would mark an ~8.9% increase from the 462,890 vehicles delivered in Q3 2024. If Tesla does in fact report over 500,000 deliveries, it would mark a new quarterly record for the company. Tesla is now the 8th largest company in the world by market cap and worth ~$1.4 trillion. Can Tesla extend its historic run this week? Source: The Kobeissi Letter
S&P500 earnings estimates for 2025 have rolled over and declined over the last few weeks.
At the same time, the S&P 500 continued to rise making valuations even more stretched (expensive). Will earnings estimates catch up or stocks fall? Source: Global Markets Investor
