Top S&P 500 Stocks to Watch Next Week: Tesla, Google, Intel, GE Vernova

The stock market has come under pressure this month, with major indices such as the Nasdaq 100 and the S&P 500 falling more than 5% from their all-time highs.

This volatility is likely to persist in the coming week as several of the market’s biggest companies report earnings.

This article highlights some of the top S&P 500 stocks to watch, including Tesla (NASDAQ: TSLA ), Alphabet (NASDAQ: GOOG ), Intel (NASDAQ: INTC ), and GE Vernova (NYSE: GEV ).

Tesla Tesla stock will be in the spotlight as it releases its financial results on July 22nd.

These results are expected to show that its business did well in the second quarter as its deliveries rose.

Its revenue is expected to be $26.2 billion, up by 17% from the same period last year.

The company delivered 480,000 vehicles after making 450,0000 during the quarter.

Still, the company faces some major challenges ahead.

Competition, especially from Chinese EV companies, is rising.

Also, the company’s robotaxi business is struggling, with the number of vehicles in Austin falling to just 33.

Waymo has 200 vehicles in Austin.

At the same time, Tesla’s free cash flow has retreated as the company has teamed up with SpaceX (NASDAQ: SPCX ) to build Terafab, a large semiconductor project in Texas.

Therefore, with its stock being 23% below its all-time high, there is hope that its upcoming earnings will boost its performance.

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While the stock has jumped by 90% in the last 12 months, it has slumped by 14% from its highest this year.

Alphabet will publish its results on July 22, providing more information about its AI growth and spending priorities. data shows that analysts expect its revenue rose to $116 billion in Q2, up by 21% YoY.

Its EPS is expected to jump from $2.31 to $3.01.

In addition to its headline numbers, Google shares will react to its guidance on capital expenditure.

In its last earnings report, the company said that its capex will be between $180 billion and $190 billion this year.

Intel Intel stock has done well this year, rising by 151% since January.

This surge happened amid the rising demand for CPUs and its partnerships with companies like Tesla and Apple.

It is part of Tesla’s Terafab project in Texas, and it will manufacture some of Apple’s chips.

Intel will release its financial results next week, providing more color about its business and the turnaround.

The average estimate is that its revenue jumped by 12% last quarter, with the guidance for the year being $58.90 billion.

The average INTC stock forecast among analysts is $86, down from the current $95.

Some of the most bullish analysts are from Keybanc, UBS, and Susquehanna.

GE Vernova GE Vernova has been a top beneficiary of the AI boom because of its strong market share in the power equipment industry.

Its last results showed that orders jumped by 71% to over $18.3 billion, while its revenue soared 16% to $9.3 billion.

Its net income jumped to $4.7 billion.

The upcoming earnings are expected to show that its revenue jumped by 18% in the second quarter to $10.76 billion.

Its EPS is expected to move from $1.86 last year to $3.19.

Analysts are bullish on GEV stock, with the consensus target rising to $1,068 from the current $1,057.

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