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 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.
