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*dates subject to change*
As the month of October continued, markets continued to show major resistance as investors pushed indices to lower levels, with the S&P 500 posting its first losing week in three
Some earnings highlights included Netflix, which from its earnings report disclosed record subscription growth that rivaled that of 2020’s second quarter. With its new ad-supported tier and password-sharing crackdown initiative, Netflix added over 8.5 million subscribers in the third quarter.
After robust labor market and inflation data were released in the previous weeks, this week provided figures for the American consumer in the form of retail sales. For September, retail sales jumped 0.7%, far higher than estimates of 0.3%; this left investors in shock, with bond markets climbing to higher levels as uncertainty over the future of interest rates persists.
Overall, U.S. stocks have continued their slump, fueled by hawkish comments from the Federal Reserve and the notion of higher rates for longer. Coming soon, investors should monitor the U.S.’s third-quarter GDP results as well as weekly data like jobless claims and home sales.
Here are the companies from this week’s expected earnings:
- Microsoft – 10/24 (#msft)
- Google – 10/24 (#googl)
- Snap – 10/24 (#snapchat)
- Meta Platforms – 10/25 (#fb)
- Boeing – 10/25 (#boeing)
- Amazon – 10/26 (#amzn)
- Ford Motor – 10/26 (#ford)
- Exxon Mobil – 10/27 (#exxon)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!