Today we are watching…
1. Netflix (#netflx)
This is a biggie for Netflix! Since its last earnings release, the barrage of incoming blue-chip competition has only intensified. Disney+, Amazon Prime Video, Hulu, Apple+, Peacock (NBCUniversal!), and HBO Max are all preparing on offense on the streaming market. Cable TV will be as dead as a dodo by Christmas! Netflix? Well, it’s enjoyed a first mover’s advantage in the space, but now its rivals get a shot at the second mover’s advantage. They can learn from Netflix’s mistakes, and concoct an offering to consumers that deliberately lures them away from Netflix, which should have seen this coming! The company is aiming to beat $1.05 in profit per share on $5.25 billion in revenue today, but investors are just a little distracted!
2. CSX Corp (#csx)
CSX be haulin’! The earnings results from this freight railroad may not be as flashy as the Netflix numbers, but the smart money will be watching. As an entrenched industrial, CSX’s quarterly orders paint the USA’s economic picture. If railcars have spent too long dwelling in their terminals and too few ton-miles out on track, panic! Interestingly, investors in CSX itself will be the most chill. You don’t buy a railroad in the hope of it beating $1.01 in profit per share on $3 billion in revenue. You buy a railroad because you want safe money over the long-term, and don’t mind twists and turns in the short-term!