Earnings season is in full swing, and this week more than 150 S&P 500 companies will report their second-quarter results. But John Blank, chief equity strategist at Zacks Investment Research, believes there are only four stocks that investors “really need to pay attention to.” Blank is referring to four of the Big Tech stocks to be reported in the coming days: Apple, Microsoft, Alphabet, and Amazon. Blank told CNBC on “Squawk Box Europe” on Tuesday, citing data through April 20. Apple has a 7.1% weight on the S&P 500, while Microsoft has a 6% weight. According to the data, Alphabet and Amazon have a weighting of 4.2% and 3.7%, respectively. “There’s no way for these stocks to go up or down and not depreciate the market.” Blanc added. “When you take a quarter of the S&P 500 market weight, these stocks are all the things that matter. What you really need to pay attention to is how the whole index is going to perform.” Alphabet and Microsoft will report earnings today, while Apple and Amazon will follow on Thursday. What to expect from the four tech giants this earnings season, he thinks Alphabet, Google’s parent company, will disappoint with second-quarter earnings. This is probably correct. On the other hand, he expects Apple and Microsoft – two companies he says have never missed out on quarterly earnings – once again on the upside surprise. chief . “These two companies are probably the best location [among] hardware companies – real technology companies. So they will probably do just fine. They manage their income quite well. They’ll probably give us a beat,” said Blanc. It won’t go very well and probably won’t move the stock. But at least we’ll get some stability out of them. “He’s expecting Apple and Microsoft to have bigger earnings than they compare – giving them earnings ESP scores of 1% and 0.5%, respectively. Blank also expects Amazon to provide disconcertingly large earnings. expected this quarter. “Amazon missed out on a lot of profit last quarter, showing us its slowest revenue growth rate on record. But on our system, we had a big surprise for Amazon,” he added. Blank believes Amazon will beat the consensus estimate by a whopping 34%. He believes that high barriers to entry will ensure that the tech giants remain dominant in their respective businesses,” Blank said. He has predicted annual earnings-per-share growth of 26.1% for Amazon, 17.9% for Alphabet, and more than 12% for Microsoft and Apple over the next three to five years. Meanwhile, he advised investors to stay on the sidelines, given the stock’s current valuation and the possibility of further rate hikes. ” stocks. And I don’t think this is the bottom for stocks. I don’t think I’ll be looking for an entry on these, especially when [U.S. Federal Reserve] Blank said.