This week, over 100 S&P 500 (\GSPC) firms are scheduled to release their first-quarter financial results. Investors will be keenly monitoring how each company’s forecast is developing in light of the Trump administration’s changing policies.

Particular attention will be paid to technology stocks, which have been at the forefront of the selling during the market pullback brought on by tariffs. Since their last 52-week peak, all seven of the so-called “Magnificent Seven” equities have fallen by at least 23 percent.

Several Wall Street economists have noted that the market has already fallen off significantly during the past month, and that the only way to determine whether the marketplace has reached its lowest point is to observe how equities respond the day following a significant results announcement.

In a note to investors before the earnings frenzy, Citi equities strategist Scott Chronert stated,

“Ultimately, the importance of the Q1 reporting period will be in the information it provides as to what is priced into single stocks as C-suites start providing some tariff context”.

According to the post on X, Tesla (TSLA) and Alphabet GOOGLE are scheduled to report this week. The search giant’s stock has dropped around 29% since reaching its most recent 52-week peak. Since its most recent 52-week peak, Tesla’s stock has dropped by around 54%.

Due to the quarter’s poor deliveries and the 20% decline in 2025 annual earnings expectations over the last four months, Tesla’s stock has probably already been priced in a significant bit of bad news. However, it’s still unclear if the shares of the company have been sufficiently discounted before Tuesday’s results announcement.

According to Lerner, investors already anticipate that corporations will lower their earnings guidance. However, it will be a significant indication that negative news was previously factored in if a company takes that action and the stock rises as a result of the announcement.

According to Lerner,

“that’s the key in our view,”