The S&P 500 index has declined significantly over the past few months, forming a death cross pattern for the first time since 2022. It ended the week at $5,282, down by 14.2% from its highest level this year.
The S&P 500 index will be in focus next week as investors watch any new developments on trade. Also, it will react to the upcoming corporate earnings, which will provide more information about how companies did ahead of Trump’s tariffs.
Tesla (TSLA)
Tesla’s stock price has crashed in the past few months. After peaking at $488 in January, the stock has declined by 50% to its current price of $240. It has shed billions of dollars in value in this period.
Analysts expect that Tesla will publish weak financial results on Tuesday as its deliveries in Europe and China tumbled. The average estimate is that Tesla’s revenues will be $21.54 billion, a 1.12% increase from the same period last year.
For the year, analysts expect that Tesla’s revenues will be $106.9 billion, a 9.45% annual increase, its slowest rate in years.
Alphabet (GOOG)
Alphabet, the parent company of Google and YouTube, has also pulled back in the past few months. It has dropped from a high of $208 in January to $153.
The stock has dropped in line with the performance of other Magnificent 7 companies. As I wrote recently, there are concerns that its business is being disrupted by AI bots like Grok and Claude.
Analysts still expect that its business continued doing well in the first quarter as its revenues rose by 10.7% to $89.18 billion. Its annual revenue forecast is $387 billion, which wlll then jump to $429 billion in 2026. The average Google stock forecast by analysts is $201, higher than the current $153.
IBM (IBM)
IBM is another S&P 500 stock to watch next week as it publishes its numbers on Wednesday. These numbers will come as its stock remains 10.50% below its highest point this year.
IBM’s business has slowed as competition from other top companies in the tech industry, like Google, Amazon, and Microsoft has intensified. Also, IBM may lose some contracts with the US government, as Accenture and other consulting firms have done. A key bright spot for the company is that its artificial intelligence is growing modestly.
Analysts anticipate that IBM’s revenues will be $14.39 billion, a 0.39% decline from the same period last year. Its earnings per share will be $1.43, a drop from the $1.68 a year earlier. IBM has done better than expected in the past few quarters.
Boeing (BA)
Boeing stock price has crashed by about 40% from its highest level in 2023 as it moved from one crisis to another. It made headlines this year when Beijing instructed its companies to halt new orders and deliveries.
Therefore, Boeing’s earnings, which will come out on Thursday, will provide more information about its business. They will also provide more hints about how Trump’s tariffs will hit its business, and how its turnaround efforts are going on.
Other top S&P 500 stocks to watch
There are other top S&P 500 index companies to watch next week. For example, Intel will publish its financial results on Thursday, providing more information about its business as concerns remain.
The other top companies to watch will be popular names like Philip Morris International, Thermo Fisher, Texas Instruments, NextEra Energy, Chipotle, PepsiCo, Verizon, and Lockheed Martin.
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