Aug 03, 2021 (IAM Newswire via COMTEX) -- After a monumental week of Big Tech earnings, we're in for more than a quarter of S&P 500 companies' reports, including those from Alibaba /zigman2/quotes/201948298/composite BABA +1.57% , General Motors /zigman2/quotes/205226835/composite GM +2.82% and Kraft Heinz /zigman2/quotes/203625533/composite KHC +0.70% . Economic reports are also due including updates on construction spending, factory orders and durable goods orders, ending the week with the July employment report which could end up being a market mover if there is a surprise to the upside or downside to reset the thinking on interest rates.
The earnings week will be kicked off with reports from Semiconductor /zigman2/quotes/202641012/composite ON +5.70% , NXP Semi /zigman2/quotes/202999625/composite NXPI +6.52% , Arista Networks /zigman2/quotes/206966450/composite ANET +3.83% , Take-Two Interactive /zigman2/quotes/204008930/composite TTWO +1.76% and Mosaic /zigman2/quotes/203825795/composite MOS +4.06% are expected to deliver their earnings reports.
On August 3rd, the star of the day is the Chinese e-commerce titan Alibaba /zigman2/quotes/201948298/composite BABA +1.57% . Aside from concerns regarding the company's corporate governance which has brought on regulatory inquiries, there's increased concern that the company's rocky political standing in China can impede its future growth.
We're also in for a glimpse from the EV world with Nikola /zigman2/quotes/208704275/composite NKLA +4.15% and Nio /zigman2/quotes/204905836/composite NIO +2.41% on the earnings calendar. Despite its massive growth rate and commitment to become the next Tesla Inc /zigman2/quotes/203558040/composite TSLA +4.24% , China's increased regulatory environment becomes a risk to Nio's future prospects.
We're also in from earnings reports from oil-giant BP /zigman2/quotes/207305210/composite BP +0.77% , Phillips 66 /zigman2/quotes/207448059/composite PSX +1.98% , Eli Lilly /zigman2/quotes/200106384/composite LLY -0.50% , Marriott International /zigman2/quotes/200170042/composite MAR -0.11% , Prudential /zigman2/quotes/203750923/composite PRU +1.49% , Amgen /zigman2/quotes/209157011/composite AMGN +1.21% and Caesars Entertainment /zigman2/quotes/205281174/composite CZR -1.80% .
On August 4th, the Detroit automaker General Motors /zigman2/quotes/205226835/composite GM +2.82% is scheduled to report along with Kraft Heinz /zigman2/quotes/203625533/composite KHC +0.70% , MetLife /zigman2/quotes/206319319/composite MET +1.44% , Uber /zigman2/quotes/211348248/composite UBER -1.07% , Fox Corporation /zigman2/quotes/209921865/composite FOX +0.09% , Booking Holdings /zigman2/quotes/203576210/composite BKNG +0.80% and Electronic Arts /zigman2/quotes/206954087/composite EA +0.0079% .
The streaming player Roku /zigman2/quotes/205087179/composite ROKU +3.06% will show if it is capable of maintain its growth rate that was only fueled by Netflix /zigman2/quotes/202353025/composite NFLX +2.10% , as well as debut of Apple's /zigman2/quotes/202934861/composite AAPL +3.54% Apple TV+, Disney's /zigman2/quotes/203410047/composite DIS +0.29% Disney+ platform and Time Warner's (TWX) HBO Max. After 80% revenue growth last quarter and its 132% profit growth, Roku needs to do its part to demonstrate it can keep going.
On August 5th, the market is eagerly waiting for the report from Moderna /zigman2/quotes/205619834/composite MRNA +6.41% whose stock has skyrocketed 231% year to date, followed by reports from CIGNA /zigman2/quotes/208431372/composite CI +0.67% , Cardinal Health /zigman2/quotes/206646342/composite CAH +0.84% , ViacomCBS (CBS), Duke Energy /zigman2/quotes/201480230/composite DUK -0.04% , Corteva /zigman2/quotes/212512039/composite CTVA +1.38% , Square /zigman2/quotes/205989440/composite SQ +5.45% , FireEye , Wayfair /zigman2/quotes/201071690/composite W +3.99% , Shake Shack /zigman2/quotes/209397077/composite SHAK +1.65% , Dropbox /zigman2/quotes/205896836/composite DBX +2.88% and News Corp. /zigman2/quotes/201755982/composite NWSA +0.46% .
Last but not least, Virgin Galactic's /zigman2/quotes/208333884/composite SPCE +6.69% release comes at an interesting time as it recently achieved the major milestone by undertaking the first civil passenger flight to space.
Reports from Goodyear Tire & Rubber /zigman2/quotes/210067261/composite GT +0.93% , Dominion Energy /zigman2/quotes/206853976/composite D +1.57% , AMC Networks /zigman2/quotes/202022116/composite AMCX +2.62% and Magna International /zigman2/quotes/204433886/composite MGA +1.95% will be closing the week, along with July's jobs report.
The IPO front
Expected public debuts on the NYSE and NASDAQ stock exchange include Better Being /zigman2/quotes/228535505/composite BBCO 0.00% , European Wax Center /zigman2/quotes/228557910/composite EWCZ +2.55% , Cadre /zigman2/quotes/228557804/composite CDRE -10.15% , Weber /zigman2/quotes/203784864/composite WEBR -1.24% and WCG Clinical .
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