Stocks to Watch This Week: Amazon, Google, and Key Earnings Reports

Key earnings this week include Palantir on Monday, Alphabet and others on Tuesday, and Amazon on Thursday. Economic reports like the employment data and trade deficit will gauge labor market strength. Insights from these reports are crucial for understanding economic trends, according to market analysts.

Key Earnings Reports This Week
The week begins with Palantir Technologies (PLTR) reporting earnings on Monday, gaining attention for its AI-driven analytics in defense. On Tuesday, several major firms will reveal their earnings, including Alphabet (GOOGL), PepsiCo (PEP), Advanced Micro Devices (AMD), Pfizer (PFE), Chipotle (CMG), and PayPal (PYPL).
On Wednesday, pharmaceutical giant Novo Nordisk (NVO), Alibaba (BABA), Disney (DIS), and Qualcomm (QCOM) will follow suit. Thursday highlights Amazon (AMZN) as it shares its quarterly performance, essential for monitoring trends in e-commerce and cloud computing, alongside Eli Lilly (LLY) and AstraZeneca (AZN) reporting.
Economic Data in the Spotlight
Economic reports will provide valuable insights this week. The January auto sales report is set for release on Monday, followed by the December job openings report on Tuesday. The ADP job report on Wednesday will give a preview of private-sector job growth for January.
On the same day, the U.S. trade deficit report will be available. Thursday will feature the initial jobless claims report, indicating unemployment trends, while Friday’s employment report for January will be critical, detailing job creation and the unemployment rate, which is a vital indicator of labor market strength. According to expectations, the preliminary consumer sentiment report for January will also emerge on Friday.

This week is pivotal for investors as major companies including Amazon, Alphabet, and Palantir report their earnings amidst essential economic data releases. The results will not only reflect the ongoing trends in technology and e-commerce but will also offer insights into the labor market, which the Federal Reserve analyzes for potential rate adjustments.

Original Source: qz.com