By Matthew Bemer

Wall Street's return after the Good Friday holiday will be a busy one. More than 100 S&P 500 companies, or 22% of the index's components, report financial results this week, according to FactSet.

Tesla and Alphabet are the highlights. Shares of the electric vehicle company led by Elon Musk are down more than 40% this year as vehicle sales have fallen. In the first quarter, Tesla delivered 13% fewer vehicles than a year ago. In addition to results, investors will watch for updates on Musk's position in the Trump administration, the impact of tariffs on prices, sales in China and the U.S., and timelines for robotaxis and a new lower-cost model on Tuesday's call, scheduled for after the market closes.

Alphabet will kick off Big Tech earnings on Thursday after the market closes. Wall Street expects the Google parent to announce earnings of $2.01 a share on sales of $89.3 billion. A year ago, the company reported earnings of $1.89 a share on sales of $80.5 billion. Last week, a federal judge ruled that Google violated antitrust law. It follows a previous antitrust case that Alphabet lost in August.

Commentary from telecommunications companies Verizon Communications (Tuesday earnings call), AT&T (Wednesday), and T-Mobile US (Thursday) might also offer hints of how tariffs are affecting another Big Tech firm: Apple. Management might discuss whether they are seeing customers upgrade phones in anticipation of expected price hikes. The White House recently announced a temporary exemption on some tariffs for iPhones and other consumer tech.

There are a few other major reporters: GE Aerospace, Lockheed Martin, and Northrop Grumman on Tuesday; International Business Machines, Chipotle Mexican Grill, and Boeing on Wednesday; and Procter & Gamble, Merck, Caterpillar, Gilead Sciences, and Intel on Thursday.

Economic data released this week are focused mostly on the housing market. New- and existing-home sales figures for March are due on Wednesday and Thursday, respectively. The Federal Reserve's Beige Book, the third installment this year, will be published Thursday.

Tuesday, 4/22

Tesla, SAP, Novartis, GE Aerospace, Verizon, Intuitive Surgical, RTX, Danaher, Chubb, Lockheed Martin, Elevance Health, Moody's, Northrop Grumman, 3M, Capital One, Kimberly-Clark, MSCI, Baker Hughes, EQT, Equifax, NVR, PulteGroup, Quest Diagnostics, Synchrony Financial, Steel Dynamics, Halliburton, Northern Trust, Enphase, Mattel, and JetBlue Airways, are among the names expected to report financial results, according to the Nasdaq.

Wednesday, 4/23

Philip Morris International, IBM, AT&T, ServiceNow, Thermo Fisher Scientific, Texas Instruments, NextEra Energy, Boston Scientific, Boeing, CME Group, GE Vernova, Lam Research, O'Reilly Automotive, General Dynamics, Chipotle, Newmont, Waste Connections, Norfolk Southern, Vertiv Holdings, FirstEnergy, Teradyne, Alaska Air, Meritage Homes, and Whirlpool are expected to release financial reports.

The Census Bureau reports new residential real estate sales data for March. The consensus call is for a seasonally adjusted annual rate of 684,500 new single-family homes sold, 1.3% more than in February, according to FactSet.

Thursday, 4/24

Procter & Gamble, T-Mobile US, Pepsico, Merck, Caterpillar, Union Pacific, Comcast, Gilead, Sanofi, Fiserv, Bristol-Myers Squibb, Intel, Arthur J. Gallagher, Republic Services, Equinor, Southern Copper, Royal Caribbean, Carrier Global, PG&E, Digital Realty Trust, Keurig Dr. Pepper, Freeport-McMoran, Duetsche Bank, Nasdaq, L3Harris Technologies, Hess, Valero Energy, Nokia, Dow, Juniper Networks, Western Digital, Mobileye Global, Roku, Hasbro, American Airlines Group, Harley-Davidson, and Hertz are expected to issue their latest earnings reports.

The National Association of Realtors publishes data on existing-home sales for March. The consensus call is for a seasonally adjusted annual rate of 4.3 million existing single-family homes sold, 0.9% more than in February, according to FactSet.

The Fed publishes its Beige Book report, which compiles anecdotes about current economic conditions from key business contacts, economists, market experts, and other sources in each of its districts.

Friday, 4/25

AbbVie, Colgate-Palmolive, HCA Healthcare, Aon, Charter Communications, Schlumberger, Phillips 66, AutoNation, LyondellBasell, and Centene are expected to announce results.

The University of Michigan releases its final reading for the index of consumer sentiment's April reading. According to FactSet, the April figure is expected to decline from its previous estimate. The index is down 30% from December amid worries over the trade war, according to Surveys of Consumers Director Joanne Hsu.

Write to Matthew Bemer at matt.bemer@barrons.com

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April 20, 2025 14:00 ET (18:00 GMT)

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