Big Tech earnings... drop together. Amazon, Google, Apple, Microsoft, Facebook, and Twitter report quarterly earnings this week. Big deal, since those first five companies make up ~17% of the stock market's value. Earnings will be compared to a year ago, when people flocked to tech to survive #LockdownLife. The vax rollout could mean less phone-scrolling and online-ordering. We'll see if reopenings affected results.
EV earnings... Nio (aka: the "Tesla of China") reports Thursday, and Tesla (the "Tesla of Tesla") reports today. Electric vehicle sales have been thriving globally: Tesla already revealed a record 185K deliveries last quarter, while Nio delivered a record ~20K cars (a fraction of Tesla's). Buuuut: Tesla is facing increasingly real competition from Chinese EV makers — and OGs like Volkswagen and GM. We'll see if that impacted sales.