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The earnings season picked up this week of October 17-21, with Tesla, Netflix and Snap standing out, ahead of more Tech heavyweights next week
The leader of the Electric Vehicle (EV) market announced overall strong financial results for the third quarter of the year, after the US markets closed on Wednesday
The tech-heavy index started the week on the offensive after the recent 2+ year lows, but slides today, unable to benefit from the solid quarterly results by streaming giant Netflix
After a dismal first half of the year, the streaming giant staged an impressive turnaround, adding almost 2.5 million new subscribers during the third quarter, as per Tuesday’s earnings report
After a tumultuous week and U-turns from the British government, the newly appointed finance minister, announced further changes to the fiscal plans
The pair extended its rally past the 1998 peak on Friday, moving to levels not seen in thirty-two years, after another hot CPI report from the US, which keeps Fed to its aggressive tightening path
The earnings season kicked-off in the US during the week of October 10-14, with Delta Airlines and big banks, while Netflix’s ad-supported plan also drew attention amidst a flurry of news
The pair extends its ascent into the sixth straight day and to new 24 year highs, as markets gear up for today’s Fed minutes and Thursday’s US CPI inflation update
The pair comes from a poor week and the new one started in similar fashion, amidst Russia-Ukraine escalation and renewed Fed hawkishness, ahead of Thursday’s CPI inflation from the US
The last earnings season of the year gets underway in the US this week, against a difficult backdrop for Wall Street and stock markets around the world
During the week of October 3-10 we got another twist in the Musk-Twitter saga, EV start-ups released their latest sales figures, amidst more corporate news, as the latest earnings season is right around the corner
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