More than 80 S & P 500 names are slated to report, including Tesla, Microsoft and Boeing. Roughly 55 companies have posted calendar fourth-quarter earnings thus far, with 69% of them beating expectations. This beat rate, however, lags historical trends, according to The Earnings Scout CEO Nick Raich. In a note Friday, he pointed out that the average beat rate for fourth-quarter earnings is 79%.
What CNBC is watching: A key metric to watch in Tesla's fourth-quarter earnings could be the company's margins, especially after the electric car maker implemented big price cuts. "For Tesla, we feel good about Q4 margins although there are some uncertainties around investor expectations for the quarter, given the one-time FSD rollout benefit.
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Tech hiring spree is cyclical.
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