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To trade through earnings reports, it is important to know the market trend first.

Do you want to know what is happening in the market right now?

Continue reading the article to find out the latest big events.

US tech giants in focus with upcoming earning releases

Tech giants are expected to steal the spotlight in the following days with a rather stacked earnings calendar.

Big US tech firms like Apple and Tesla are expected to remain in the market’s attention while traders will also have the opportunity to focus on other big names releasing quarterly results like Microsoft Corp, Google parent Alphabet Inc., Amazon. Com Inc. and Facebook Inc.

This report will be overviewing the current fundamentals concerning the pre-mentioned stocks and what the week ahead may have in place for them.

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Apple unveils new products ahead of the earnings report

During the past week, Apple was among the stocks that received extensive attention from investors after unveiling a list of new products.

Apple had prepared the ground for investors to keep in mind the 20th of April as a surprise event and did not disclose what exactly would be presented.

In the end, the day was used to announce a list of new products including, Apple Podcasts Subscriptions, the new iPad Pro, different colors of existing iMac and iPhone 12 along with AirTags and Apple TV 4K.

Moreover, Apple announced AppTracking transparency requirements that enable the user to choose if adverts are to be shown on his/her device.

In April Apple’s share price has been on the rise and has contributed to the current +1.23% on a year to date basis.

On the 28th of April after the market close, Apple will be making public its earnings results for the quarter ending March 2021.

Results are expected to support a healthy economic environment for Apple with revenues forecasted to rise more than 30%.

EPS are expected to reach $0.98 from the previous $0.64.

Analysts expect strong demand for its iPhone 12 Pro which empowers 5G services and the gadget line-up that appeals to professionals working remotely.

At the moment according to Eikon Refinitiv, the majority of analysts support a buy for Apple’s stock.

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Tesla Inc. dominates the headlines with SpaceX.

Tesla (#TSLA) was in the epicenter of the market’s attention in the previous daily sessions and seems to be eligible for further price action in the following days.

First, today the 26th of April after market close, Tesla will be publicizing its earnings results for the previous quarter.

According to analyst forecasts, revenues are expected to rise by a very impressive 72% while at the moment the majority of Eikon Refinitiv analysts suggest a hold for Tesla’s share price.

Tesla’s Model 3 seems to be representing the company very well and is considered as the most popular among the EVs offered by the company at the moment.

According to recent data, Tesla could be heading the race in the EV sector.

In previous quarters Model, Y was among the EVs that increased sales for Tesla and may continue to drive results.

Its current EPS estimate is at $0.79 according to Yahoo Finance while its year-to-date basis figure is +3.36%.

Finally, in the past days, Tesla made headlines once again after a four-astronaut team aboard the SpaceX Crew Dragon capsule Endeavour arrived at the International Space Station.

This was the first-ever crew ever to be lifted into orbit by a rocket booster recycled from a previous spaceflight.

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Microsoft trades to new all-time highs

Microsoft’s (#MSFT)share price has had an exceptional ride in April and during the latest daily sessions has broken to a new 52-week high price just at $261.78.

On the 27th of April, Microsoft Corp will be releasing its earnings results and is expected to post a rise in sales of 17.10% attributed to increased usage and demand for its cloud and Teams services due to the challenging circumstances as a result of the pandemic.

Traders should note that the majority of analysts at Eikon Refinitiv support a strong buy or a buy for Microsoft’s stock as a result of an evenly split decision.

At the moment the EPS forecast stands at $1.78 which is higher than the $1.4 announced for the same period last year.

However, with the latest price action observed for Microsoft, we could say that we are seeing strong confidence by investors for the firm.

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Alphabet Inc. trades at new all-time highs

Alphabet Inc. the parent company of Google (#GOOG) will also be releasing its quarterly earnings results on the 27th of April after market close.

Very similar to Microsoft, Google’s share price has also closed at a new 52 week high price in the latest sessions and is now trading just at $2,299.93.

The majority of analysts support a buy for Google’s share price while the expectations for the upcoming earnings results are for revenues to increase by over 20%.

EPS are expected to rise from $9.87 to $15.71.

During the pandemic, Google has managed to increase revenues as businesses have uplifted spending on the advertisement to keep their operations going.

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Amazon makes a considerable turn to renewable energy

On the 29th of April, Amazon.com Inc (#AMZN) is anticipated to post a rise over 35% for its first-quarter revenue, from $73.74B last year to $104.49B currently.

The online retail giant continues to profit substantially from online shopping due to the COVID-19 pandemic.

Also, estimates are for its EPS to rise from $5.01 last year to $9.49.

Amazon has also been supported by expansion in Asian markets like India which allows locals to use the retailer’s platform to sell or advertise their goods.

Furthermore, in the past week, it was announced that Amazon is currently building up a considerable investment in solar energy projects and in general renewable energy.

Amazon has now invested in over 200 companies in the sector which can be an indication as to where the company is heading in the long term.

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Facebook dealing with AppTracking Transparency

Facebook Inc. (#FB) is projected to report a rise of over 30% for the first-quarter revenue on Wednesday due to demand for online advertisements during the COVID-19 pandemic.

At the moment EPS is expected to rise from $1.71 last year to $2.33 and its revenues are expected to reach $23.63B from the previous $17.74B last year.

Market participants are most likely to focus on how Facebook can deal with changes in Apple’s new AppTracking Transparency framework that will need the user’s permission to track or to access the device’s advertising identifier.

Facebook, very similar to Google had benefited greatly from advertisement during the past year thus most of its revenues continue to be supported on this front.

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