Microsoft (MSFT) reports after Tuesday's market close, and we have quarterly results coming from Texas Instruments (TXN) , too.

With Microsoft, consensus expectations call for EPS of $2.31 on revenue of $50.9 billion for the December quarter and $2.17 earnings per share and $48.2 billion for the current quarter. On the heals of IBM's IBM quarterly results and its cloud business in particular, we expect investors will be picking over not only the December quarter results for Azure but also it outlook as well. Helping on that front will be the company's advanced security solutions as well as Microsoft 365. We expect the company will talk through its LinkedIn and Teams businesses as it tends to do on the quarterly earnings call, but, in addition to cloud and Microsoft 365, it will be the conversation around its recurring revenue metrics that will help distinguish it from other technology companies.

We'll also be looking for insight on how Microsoft sees the PC market shaping up for 2022 following the pandemic-fueled demand that drove work from anywhere. On the gaming front, we'll get the latest on Xbox, but candidly we're far more interested in its larger thoughts on the announced acquisition of Activision (ATVI) and its plans for the metaverse.

Turning to Texas Instruments, while we're not involved with the company or its shares, in the vein of collecting data points to update our investment mosaic, we're anxious to hear what it says about the current chip shortage, particularly for the automotive sector as well as its capital spending plans for 2022.

MSFT is a holding in the AAP.