Alphabet, Tesla Among 77 S&P 500 Companies Reporting This Week

According to CNBC, the second-quarter earnings season is set to intensify this week, with Alphabet and Tesla among 77 S&P 500 companies scheduled to report. IBM will also release quarterly results after preliminary figures sent its stock sharply lower, while investors are coming off a weak week on Wall Street and a strong start to earnings season, with 88% of about 50 S&P 500 companies that have reported beating analyst expectations, according to FactSet. General Motors reports before the bell on Tuesday, with earnings expected to have risen more than 25% from a year earlier, per LSEG. CME Group reports Wednesday, with profit forecast to have slipped slightly, while IBM reports after the close with analysts expecting earnings growth of more than 5%. Tesla reports after the close Wednesday, with earnings forecast to have increased 25% year over year. Alphabet reports after the bell Wednesday, with analysts expecting earnings and revenue growth of more than 20%. Intel is due Thursday after the close and is expected to post year-on-year revenue growth of more than 12%.