Results for: Big Tech Earnings

Tesla is set to report its first-quarter results after the market close, marking the start of the highly anticipated Big Tech earnings season. Amid concerns about declining deliveries and price cuts, the electric vehicle giant may face questions about its future strategy. General Motors is also due to report its earnings before the open, with investors looking for updates on its EV plans and Cruise robotaxi unit. Despite Tesla’s challenges, the global EV market is expected to grow substantially this year, with China leading the charge.

CNBC’s Jim Cramer emphasizes the significance of upcoming Big Tech earnings in shaping the stock market’s future. The reports from Tesla, Meta, Microsoft, and Alphabet will reveal whether the recent tech sell-off will continue or abate. Despite NVIDIA’s 4% recovery on Monday, Cramer remains cautious about its offsetting the previous 10% drop. He advises investors to exercise prudence in their buying and selling decisions and acknowledges the potential for further market decline.

Major U.S. stock indexes opened higher on Monday as investors digested earnings reports from Big Tech companies. Tesla (TSLA) and Li Auto (LI) saw their shares decline after announcing price cuts, while Apple (AAPL) remained flat. Verizon (VZ) reported mixed quarterly results, while Salesforce (CRM) abandoned acquisition talks. Other notable moves included a drop in Quanex (NX) after a planned acquisition and a decline in Cardinal Health (CAH) due to the termination of contracts with OptumRx.