Major earnings week sets up stocks for potentially breakout 

Five of the Mag 7 companies are slated to report earnings this week, while 169 companies in the S&P 500 are due to publish quarterly results

article-image

Tada Images/Shutterstock modified by Blockworks

share


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.


It’s a big week for stocks, with five of the Mag 7 companies slated to report earnings this week: Alphabet (Tuesday), Microsoft (Wednesday), Meta (Wednesday), Apple (Thursday) and Amazon (Thursday). 

The Qs will be a good proxy to watch this week, as about 32% of QQQ’s holdings are in the above five stocks. The fund has lagged the Nasdaq Composite over the past 30 trading days (1.8% returns for QQQ vs. the Nasdaq’s 2.4%), but strong earnings reports from these tech giants could be enough to bring the index out of this resistance zone. 

Corporate earnings generally have a packed schedule this week, with 169 companies in the S&P 500 due to publish quarterly results. Ford, Visa, Uber, Exxon and Mastercard are among the big names also sharing reports in the coming days. 

Of the roughly one third of S&P 500 companies that have already reported, 75% published earnings per share that were above analysts’ estimates, FactSet data shows. Meanwhile 59% have reported better-than-anticipated revenue for the third quarter. 

“Q3 earnings season is thus far marginally better than the recent past in terms of revenue and earnings beat amounts, but it still lags long-run averages by a considerable margin,” DataTrek Research co-founder Nicholas Colas said. “Even still, earnings are good enough to support current S&P levels since they support expectations for further improvement in Q4 and into 2025.”

We’ll have to wait and see if this rally can last.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Layer 2 network Taiko integrates Chainlink Data Streams to deliver reliable onchain market data for DeFi and institutions

by Blockworks /
article-image

The license will allow Bullish to operate in New York under strict digital asset rules

by Blockworks /
article-image

The derivatives giant expands crypto offerings with new Solana and XRP futures options, pending regulatory review

by Blockworks /
article-image

Nasdaq-listed firm to fund Solana token purchases and expand its blockchain-focused treasury strategy

by Blockworks /
article-image

The partnership deepens liquidity and lowers conversion costs as demand for regulated stablecoins grows worldwide

by Blockworks /
article-image

Any indication the FOMC is less dovish than anticipated could weigh on crypto, industry watcher says