Looking ahead, analysts expect revenue in the first quarter to rise 18% to $22.9bn and EPS to climb to $0.43 from $0.27 a year ago.

“Attention will then switch to the divisional mix, as analysts look to see if the auto business can recapture sales and margin momentum, and assess the ongoing damage from the decrease in the sale of regulatory, carbon-related credits (a high margin business if ever there was one),” said AJ Bell’s investment experts Russ Mould, Danni Hewson and Dan Coatsworth.

Shares in Tesla are flat year-to-date and are trading just over 8% in the green over one year.

Shares in Meta (META) have struggled to recover from a drop following the release of its third quarter earnings in October, driven partly by concerns about its level of investment in AI.

“Spending growth is set to outstrip even the most aggressive tech peers, yet there’s still limited visibility on what Mark Zuckerberg’s new “frontier AI lab” will ultimately deliver,” said Hargreaves Lansdown’s Britzman. “That uncertainty has weighed on sentiment, but it also creates an opportunity.”

He said that Meta’s core ad business is “powering ahead” and highlighted that the company is also “assembling one of the largest AI compute clusters outside the cloud giants, all aimed at strengthening its family of apps”.

Read more: How to navigate market swings as Trump’s Greenland pivot gives investors whiplash

“There’s a growing narrative that Meta’s AI push is simply Metaverse 2.0, but not everyone sees it that way,” Britzman said.

“Meta’s models are largely open‑source, internally focused, and designed to enhance engagement and advertiser performance rather than chase benchmark‑beating results,” he added. “Crucially, the benefits are already starting to show through the Meta ecosystem.”

For the fourth quarter, analysts are looking for Meta to report a 21% year-on-year increase in sales to $58.4bn and a 2% rise in EPS to $8.16, according to data provided by AJ Bell.

As for the outlook for the first quarter, analysts expect sales to rise by another 21% to $51.3bn but for EPS to be flat at $6.45.

At Davos this week, Microsoft (MSFT) CEO Satya Nadella said that the benefits of AI need to be more widespread, when asked about concerns about a bubble in the space.

“For this not to be a bubble, by definition it requires that the benefits of this are much more evenly spread,” he said, speaking to BlackRock CEO Larry Fink.

Nadella added: “I think a tell-tale sign of if its a bubble would be if all we are talking about are tech firms … If all we talk about is what’s happening to the technology side, then that’s … just purely supply side.”

Read more: Stocks that are trending today

Like its fellow Mag 7 members, investors have been keenly focused on Microsoft’s level of investment in AI.

In its first quarter results, Microsoft reported that its capex increased 74% year over year to $34.9bn. Chief financial officer (CFO) Amy Hood said in Microsoft’s earnings call that the company expected “total spend will increase sequentially, and we now expect the FY26 growth rate to be higher than FY25”.

In terms of expectations for second quarter performance, Hood said on that earnings call that Microsoft expected to report Q2 revenue of $79.5bn to $80.6bn, which would represent growth of 14% to 16%.

Microsoft shares are down 6.7% since the start of the year and are up just 1.1% on a one-year basis.

AI will also be a focus when Apple (AAPL) reports its first quarter results on Thursday, with investors keeping an eye out for any more detail on the company’s plans in this space.

“In some ways, Apple seems the least committed of the Magnificent Seven to heavy capital investment on AI, since capital investment remains fairly steady at around 3% of sales,” said AJ Bell’s Mould, Hewson and Coatsworth.

They said that “investors have been willing to keep backing the firm, despite an apparent lack of clarity on its AI strategy, its ongoing dependence upon the 19-year-old iPhone and suggestions that boss Tim Cook may step down in 2026.”

A return to consistent growth in EPS, supported by improved momentum in iPhone sales and solid sales of high-margin services via Apple’s app ecosystem, has boosted investor faith, AJ Bell’s investment experts said.

They explained that thanks to that earnings growth, the company’s cash flow has not “withered”, which has in turn funded dividends and a “generous” share buyback programme. They highlighted that Apple’s dividends run at close to $4bn a quarter, with buybacks at more than $20bn.

“Indeed, since it began to return cash to investors in the fourth quarter of calendar 2012 (the first quarter of the company’s fiscal year to September 2013) Apple has put $975bn into the pockets of shareholders, almost twice the company’s market capitalisation at the time of launch of this bonanza,” they said.

In terms of performance, data provided by AJ Bell showed that analysts are expecting sales to be up 11% year-on-year in the first quarter at $137bn and EPS to have risen 10% to $2.40.

Analyst consensus outlook for the second quarter is for 8% growth in sales to $103bn and an 8% increase in EPS to $1.78.

Lloyds was among the top performing stocks on the UK’s FTSE 100 (^FTSE) in 2025, despite taking a hit from costs relating to the motor finance scandal.

In the third quarter, Lloyds profit before tax fell 36% to £1.17bn (£1.58bn), although this was better than expectations of £1.04bn, according to consensus figures provided by the bank.

This came as total costs swelled 37% to reach £3.18bn for the quarter, including £875m of remediation costs, of which £800m was in relation to the impact of potential motor finance commission arrangements.

Stocks: Create your watchlist and portfolio

Richard Hunter, head of markets at Interactive Investor, said that the motor provision is not “life-threatening and without that distraction the underlying progress remains strong”.

He said: “Often seen as a barometer for the UK economy, the group will face the additional challenges of a potentially deteriorating backdrop, while previously lower house price forecasts increased impairments in addition to the motor finance hit.”

“For the most part, however, the UK consumer is alive and well with defaults stable and the previous small number of individual cases moving into default territory within commercial banking appearing to have stabilised.”

Monday 26 January

Costain (COST.L)

Fanuc (6954.T)

Ryanair (RYA.IR)

Tuesday 27 January

Sage (SGE.L)

Evoke (EVOK.L)

Shin-Etsu (4063.T)

Atlas Copco (ATCO-B.ST)

Sandvik (SAND.ST)

Logitech (LOGN.SW)

United Health (UEEC)

RTX (RTX)

Texas Instruments (TXN)

Boeing (BA)

Union Pacific (UNP)

UPS (UPS)

Northrop Grumman (NOC)

General Motors (GM)

Kimberly-Clark (KMB)

Packaging Corporation (PKG)

F5 Networks (FFIV)

Wednesday 28 January

Paragon Banking (PAG.L)

Pets at Home (PETS.L)

Hargreaves Services (HSP.L)

ASML

Volvo (VOLV-B.ST)

Microsoft (MSFT)

IBM (IBM)

LAM Research (LRCX)

AT&T (T)

GE Vernova (GEV)

Amphenol (APH)

Corning (GLW)

Baker Hughes (BKR)

Las Vegas Sands (LVS)

Teradyne (TER)

Levi Strauss (LEVI)

Thursday 29 January

Crest Nicholson (CRST.L)

Renishaw (RSW.L)

Rank (RNK.L)

Glencore (GLEN.L)

Antofagasta (ANTO.L)

easyJet (EZJ.L)

Wizz Air (WIZZ.L)

Greencore (GNC.L)

CVS Group (CVSG.L)

Halfords (HFD.L)

Canon (7751.T)

Samsung Electronics (005930.KS)

SAP (SAP.DE)

Roche (ROG.SW)

Sanofi (SAN.PA)

ING (ING)

Nordea (NDA-FI.HE)

Deutsche Bank (DBK.DE)

Nokia.he (NOKIA.HE)

H & M (HM-B.ST)

Banco Sabadell (SAB.MC)

Telia (TELIA.ST)

Remy Cointreau (RCO.PA)

Caterpillar (CAT)

Stryker (SYK)

Honeywell (HON)

Lockheed Martin (LMT)

Comcast (CMCSA)

Altria (MO)

Marsh & McLennan (MRSH)

Royal Caribbean Cruise Lines (RCL)

International Paper (IP)

Dow (DOW)

Clorox (CLX)

Friday 31 January

Airtel Africa (AAF.L)

Sumitomo Mitsui Financial (8316.T)

TDK (6762.T)

Komatsu (6301.T)

Nomura (8604.T)

Mitsui OSK (9104.T)

Caixabank (CABK.MC)

Exxon Mobil (XOM)

Chevron (CVX)

American Express (AXP)

Verizon (VZ)

AON (AON)

Colgate-Palmolive (CL)

Sofi Technologies (SOFI)

LyondellBasell (LYB)

You can read Yahoo Finance’s full calendar here.

Read more:

Download the Yahoo Finance app, available for Apple and Android.