Microsoft Corp MSFT reports earnings after the closing bell Wednesday, and a good report card could get it close to a $1 trillion market cap. It’s currently an $830 billion company, so it just needs a 20% move higher to get to the mark first reached by Apple Inc. AAPL and Amazon.com Inc AMZN . A good earnings report or positive guidance could boost the stock to a level close to $1 trillion. Of course, in this market, which has fallen of late, the milestone may be hard to get to soon, but Microsoft is an impressive company whose profits are largely driven by great product innovation.
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Tesla Inc. TSLA also reports earnings at the close. The stock soared Tuesday, and even Andrew Left, who was short on Tesla, has changed his mind. He’s now long on the stock, pointing out that Tesla is smoking the competition in electric vehicles. Still, it has to be profitable, and it’s unlikely the company will have turned a profit this quarter.
Boeing Co. BA also reported earnings Wednesday morning, handily beating Wall Street estimates on both top and bottom lines. It also raised guidance. For now, as evident in man earnings reports, the economy looks strong, but stock investors are bracing for an economic slowdown.
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