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The social media giant announces its latest quarterly results on October 25, running an impressive year, with improved financials and an acceleration in its Artificial Intelligence capabilities
Watch today’s US Open for insights on the strong Q3 results from Netflix and the disappointing report from Tesla, UK’s sticky inflation and more
Tesla released its Q3 earnings yesterday, which were weak and included downbeat comments from CEO Elon Musk. Company adjusted EPS was 66c with disappointing gross margins (excluding regulatory credit sales) of 16.3%. This was lower than the Wall Street estimate of 70c and 17.5% respectively. Operating margin was 7.6%, almost 10% lower than 2022’s comparable.
The US 10-year Treasury yield is trading at 4.97%, just shy of the psychological 5% level. This is likely to weigh on the stock market. In effect, the higher interest rates mean that yields on risk-free treasuries have increased making them compelling to investors. Even those sitting in cash will feel the benefit of the higher yields. Moreover, with these type of returns from yielding assets, it will discourage investing…
The streaming giant is a growth story again as the pace of user additions and revenue increase accelerated in Q3 due to the success of its strategic initiatives, but also announced price hikes to some of its tiers
Tesla and Netflix release their highly anticipated Q3 results today after Wall Street closes, kicking things off for Big Tech, with more giants like Microsoft and Amazon following next week
Tesla is the world’s most valuable auto stock. It will release its Q3 earnings today, and a key focus will be on gross margins. The company has cut its prices multiple times recently to drive sales, combat a slowing economy and fight the increase in competition. Wall Street is looking for an EPS of 72c and turnover of $23.9bn, however not at the expense of much poorer margins.
HKG33 is mixed as markets digest better than expected economic releases from China, BYD’s strong profit estimate and new export bans of AI chip for the US
The index falls as markets digest the latest economic releases and plans for more AI chips export restrictions, ahead of incoming Tesla & Netflix quarterly results, as well as scheduled speech by Fed Chair Powell
Watch today’s US Open for insights on the strong US retail sales report, the incoming quarterly results from EV king Tesla & streaming leader Netflix and more
The US 10-year real yield is moving higher. Its green 5-day EMA is pulling away from its orange 10-day EMA (black circle) and the RSI is moving higher and away from 50 (green rectangle). As yields appreciate, they tend to act as a headwind to the risk side of the market.
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