Alphabet, Amazon, Intel: who to watch this week

Alphabet, Amazon, Intel: who to watch this week The reporting period always gives good entry points to the market. A third of S&P500 companies will release their second-quarter earnings reports in the next 5 days. This will help set the direction for those players who are looking for signs of weakness in consumer demand amid the threat of a recession.Alphabet (NASDAQ: GOOGL)We are waiting for the earnings report today after the market closes. Sales dynamics are suffering due to cuts in digital advertising spending and the global deterioration in macroeconomic environment. Adding to the negative is Google's conflict with Europe's strict regulatory framework: new rules restrict ad targeting.Earnings of $1.28 per share and total revenue of $70.04 bln are expected.Target in the report is better than forecast  in zone of $112.50-114.50, on the negative  $104.50.Amazon (NASDAQ: AMZN)Online commerce leader promises to report Thursday after the market closes. Consumers are actively changing their spending patterns in wake of pandemic so that sales dynamics are unstable: growth in the first quarter was only 7%, although there was a growth of 44% in the same period last year.Expected: sales of $119.18 bln, earnings of $0.1279 per share.Target in case of a positive report is in zone of $130.00-132.50, on a negative one, a fall to zone of $109.50-107.50 is possible.Intel (NASDAQ: INTC)This report is also expected on Thursday after the market closes. Analysts say that prices for memory chips used in electronic gadgets have decreased over the past six months and this seriously affects the company's profit dynamics. Intel chronically lags behind in creation of technical innovations; over the past year, the company has lost some big customers, such as Apple, which bet on the development of original chips.Earnings of $0.6967 per share are expected, with revenue of $17.96 bln.Target in the report is better than forecast  in zone of $43.50-45.50, on the negative  zone of $36.50-35.50.Profits to yall!