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What's Ahead in the Week: Will Tesla Stock Recharge After Earnings?

5/01/16 12:00 PM EDT
In 'What's Ahead on Wall Street' for the week of May 2, another wave of earnings from big companies, ranging from food to tech. Starting off the week, Anadarko Petroleum (APC - Get Report) and Sysco (SYY - Get Report) report, followed by CVS Health (CVS - Get Report) , Sprint (S) and Etsy (ETSY) on Tuesday. Then midweek, Anheuser-Busch InBev (BUD) , Kraft Heinz (KHC) and Tesla Motors (TSLA)  report results. Thursday is another busy day with Alibaba (BABA) , Occidental Petroleum (OXY) and Chesapeake Energy (CHK) telling us how they did in the latest quarter. Then, we finish off the week with Cigna (CI) . One of the reports investors will be closely watching is Tesla. Wall Street expects the electric car maker to post a loss of $0.57 a share on revenue of over $1 and a half billion during the recent quarter. The bottom line will likely fall while the top line is projected to grow year-over-year. In the last few months, the company has been having issues with its Model X production--its electric SUV car. Nonetheless, analysts believe it is on track to surpass the launch curve of its Model S counterpart in the second half of 2016. Even though there are concerns about Tesla's cash flow and margins, analysts believe the company could continue to benefit from the booming electric vehicle industry. On the economic calendar, we kick off the week with the ISM manufacturing index. Then midweek, we get the international trade, followed by jobless claims on Thursday. Finally, we end the week with the employment situation. TheStreet's U-Jin Lee reports from New York.
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