Another day, another slate. Happy Monday. With earnings now in full swing, we’re testing out a new thing at The Joe — Eyes on Earnings. At the start of every week, we’ll quickly recap the prior week’s earnings and take a look forward to what’s on deck for the week ahead.

Despite being a four-day market week, last week might’ve had more investors feeling like they bit off more than they could chew. Even with a rebound in the markets since Trump imposed a 90-day pause on tariffs, semiconductor stocks helped rewind the tone — with names like NvidiaNVDA

, AMDAMD

, and ASMLASML

falling amid export controls and trade war woes. Markets fell.

The week ahead: This week, 3x more companies will report compared with last week — meaning earnings are now in full swing. The market will be watching as bank earnings begin to wrap, giving way to reports from the aerospace, telecom, and consumer goods sectors. And as earnings become more varied, the market may get a clearer picture of how businesses expect the trade war and dimming economic mood to affect their businesses. Specifically, we’ll really be watching out for these three themes:

• Mega-cap madness: After NetflixNFLX
  cleared the way for Big Tech last week, The Street will be eagerly awaiting results from Elon Musk’s ailing EV giant TeslaTSLA
  on Tuesday, while advertising goliath GoogleGOOGL
  might color in the mood in digital advertising on Thursday.
• Consumer discretion-maybe? Is the consumer still shelling out on ChipotleCMG
  , PepsiPEP
  , and consumer goods from Procter & GamblePG
  and ColgateCL
  ? Mid-week, we can expect these companies to weigh in, while airlines like AlaskaALK
  , AmericanAAL
  , and SouthwestLUV
  round out the tone for travel.
• Can industrials interject? Did we speak too soon when we profiled the success of GE’s three-way breakup? This week, GE AeroGE
  and GE VernovaGEV
  are expected to report, detailing the impact of the US-China trade war — and other industrials are anticipated to share their notes too, including BoeingBA
  , 3MMMM
  , and IntelINTC
  , among others.

Throughout the week, we can also expect a number of other themes to begin to take form — including healthcare/pharma, tech, and logistics firms. However, in addition to the expected ‘big three’ themes, we’ll also have our eyes on a few smaller trends:

• Telecom telegraphs their earnings: Early in the week, VerizonVZ
  , AT&TT
  , and T-Mobile USTMUS
  are expected to report their earnings — with consumer additions, or the lack thereof, likely to be a key theme.
• Payments, people! After American ExpressAXP
  offered its own commentary on the market on Thursday, we’ll be eying competing payment network DiscoverDFS
  for more clues on how consumers are spending. We’ll also be looking for Capital OneCOP
  to comment on its planned merger with Discover.
• Will defense contractors remain defensive? Can defense contractors resist the march of government austerity? We’ll find out as Lockheed MartinLMT
  , RTXRTX
  , and Northrop GrummanNOC
  are all expected to report on Tuesday.

Did you like this week’s Eye on Earnings? If so, scroll down to the bottom of this newsletter and tell us. We live for feedback at The Joe and want to make our stories as topical and relevant to you as possible. Check back throughout the week, too, as we make our way through the key stories here.