It was the Elon Musk news no one expected.
No, it wasn’t another DOGE coin plug.
The long-running comedy variety show, Saturday Night Live announced Musk will be in the hosting slot, usually reserved for comics or actors.
At first, the crossover seemed like a bad joke, but it was in fact real.
According to two tweets Musk sent on Saturday night he said, “Am hosting Saturday Night Live May 8th… Let’s find out just how live Saturday Night Live really is…”
Shock value aside, why would we care about a billionaire inventor/entrepreneur testing out his improv comedy chops on national television?
Because TSLA along with the FAANG stocks will be reporting out earnings this week.
One BofA analyst raised a red flag about these upcoming earnings stating if earnings come in as a miss this could really rock the markets.
He’s not wrong: FAANG stocks and companies like TSLA that are “tech adjacent” represent 15% of the S&P 500. A sector-wide miss could spell real trouble for the markets as well as the US economy.
Is our boy Elon hosting SNL to detract from potential bad news on earnings?
Will geopolitical strife and chip manufacturing backups impact the bottom lines of the tech giants reporting?
Financial advisors just like you are wondering the same thing. Check out what our TrackstarIQ data is showing what your peers searched for:
In the meantime check out what’s coming down the pipeline for the week:
Earnings:
4/26/2021: TSLA, AMP, CDNS, NXPI.
4/27/2021: AMD, GOOG, GE, MSFT, UPS, V, MMM, AMD, SBUX, TI, RTX, IVZ, MDLZ, COF.
4/28/2021: AAPL, BA, FB, F, QCOM, SHOP.
4/29/2021: AMZN, TWTR, MCD, CMCSA, MA, BMY, ICE, NOC, TMO, MO, KHC.
4/30/2021: CHTR, CBOE, ABBV, CL, WY, CVX.
IPOs:
4//26: AVAH, EDR, FTCI, PRVA, FRF
Speakers:
4/28/21: FOMC monetary decision and Jerome Powell press conference post meeting.
Economic:
4/26/21: The Census Bureau releases the March durable-goods report.
4/27/21: The Conference Board releases its Consumer Confidence Index for April.
4/29/21: The Bureau of Economic Analysis reports its advance estimate for first-quarter GDP.
4/30/21: The BEA reports personal income and expenditure for March.
The Institute for Supply Management releases its Chicago Purchasing Manager Index for April.