Wall Street This Week: Tesla Unveils, Yelp Reports
Monday -- An Apple a Day
The new trading week kicks off with Apple (AAPL) in the spotlight for two reasons. The world's most valuable maker of consumer electronics reports quarterly results for its fiscal second quarter after the market close. However, with the Apple Watch hitting the market over the prior weekend, it also wouldn't be a surprise if Apple offers up some initial sales numbers in the morning.
The Apple Watch figures may not be as important as the financials. Pre-orders ran out within minutes of online availability, so we're not going to get a clear picture on demand until supply keeps up. As long as Apple has another strong quarter in terms of iPhone sales -- and it should be, given the popularity of the iPhone 6 and iPhone 6 Plus -- the chances of the Apple Watch being an eventual hit are fairly good.
Tuesday -- Ford Tough
Ford (F) pulls up with fresh financials on Tuesday morning. The automaker saw its sales decline slightly last year after posting record results in 2013.
Production delays of its flagship F-150 pickup truck may have played a part in last year's lull at Ford, but it's starting to shift out of reverse. Wall Street sees Ford posting slight upticks in sales and earnings per share this time around.
Wednesday -- Cry for Yelp
One of the dozens of notable companies reporting on Wednesday will be Yelp (YELP). The crowd-sourced reviews website operator has stirred up controversy over the years with merchants complaining about preferential treatment for paying sponsors.
Yelp continues to grow briskly despite the notoriety. Analysts see revenue soaring 57 percent at the company relative to the prior year's quarter. They also see Yelp coming through with its fourth consecutive quarter of profitability.
Thursday -- Tesla Motors On
The world seems to stop when Tesla (TSLA) mastermind Elon Musk talks, and that's just what will be happening on Thursday. Musk tweeted several weeks ago that a new product would be introduced on April 30 at Tesla's Hawthorne Design Studio.
Musk did point out that it won't be a car that will be unveiled. That may disappoint those waiting for Tesla sedans to get cheaper before buying in, but the advance notice that it's not a car makes the upcoming announcement even more intriguing.
Friday -- Searching for More
The week ends with all eyes turning to Yahoo (YHOO) and Microsoft (MSFT), where an amended search deal goes into effect. Yahoo partnered with Microsoft in 2009 for a deal where it would turn to the software giant's Bing to outsource its iconic search engine and paid-search advertising opportunities. Microsoft has forked over a lot of money for what was supposed to be a 10-year deal, but Yahoo wants some more skin in its own game.
Yahoo will now be turning to Bing for a little more than half of its desktop search, opening up the possibilities in mobile and other areas to return to its roots as a search engine. Things may not change overnight, but now both sides have greater flexibility in nixing the partnership if it's not mutually beneficial.
Motley Fool contributor Rick Munarriz owns shares of Ford. The Motley Fool recommends Apple, Ford, Tesla Motors, Yahoo and Yelp. The Motley Fool owns shares of Apple, Ford, Tesla Motors and Yahoo. Try any of our Foolish newsletter services free for 30 days. Is your portfolio ready for what this year has to offer? Click here to check out our free report for one great stock to buy for 2015 and beyond.