Yahoo Finance Daily
Tesla, Netflix, banks on tap as earnings season ramps up: What to know this week
Mon Jul 17 2023Description
Earning season is in full swing with Bank of America and Goldman Sachs reporting their second quarter results. Netflix and Tesla will also report, fueling the market rally. The economic calendar features retail sales data, home builder sentiment, and housing starts. Positive signs for the US economy were seen last week. Tesla's stock has risen due to AI-related hype, while investors are eager for commentary on Netflix's streaming business. Investor interest is focused on Goldman Sachs' strategy. Strong earnings from JP Morgan, Wells Fargo, and Delta Airlines boosted stocks.
Insights
Earning Season Insights
Bank of America and Goldman Sachs' results will provide insight into the financial system's handling of recent bank failures. Tesla's stock rise is driven by AI-related hype and strong vehicle delivery figures. Netflix's stock increase is more measured, but investors are concerned about work stoppages in Hollywood affecting the streaming business.
Economic Calendar Insights
The economic calendar features retail sales data, home builder sentiment, and housing starts. Positive signs for the US economy were seen last week with slow inflation growth and high consumer sentiment.
Tech Giants' Results Insights
Tesla's stock rise is driven by AI-related hype and strong vehicle delivery figures. Investors are eager for commentary on any fallout from work stoppages in Hollywood affecting Netflix's streaming business.
Investor Interest in Goldman Sachs Insights
Investors are particularly interested in hearing from Goldman Sachs CEO David Solomon about concerns regarding the bank's strategy.
Stock Boost Insights
Strong earnings from JP Morgan, Wells Fargo, and Delta Airlines helped boost stocks last week.
Chapters
- Earning Season
- Economic Calendar
- Tech Giants' Results
- Investor Interest in Goldman Sachs
- Stock Boost from Strong Earnings
Earning Season
00:00 - 04:01
- Bank of America and Goldman Sachs will report their second quarter results, providing insight into the financial system's handling of recent bank failures.
- Netflix and Tesla will also report their second quarter results, fueling this year's market rally.
- Overall, S&P 500 companies are expected to see a decline of 7% in earnings this quarter.
Economic Calendar
00:00 - 04:01
- Retail sales data for June, home builder sentiment, and housing starts will be featured on a quieter economic calendar.
- Last week showed positive signs for the US economy, with inflation increasing at the slowest pace since March 2021 and consumer sentiment reaching its highest level in nearly two years.
Tech Giants' Results
00:00 - 04:01
- Tesla's stock has risen nearly 130% this year due to AI-related hype around its self-driving capabilities and strong vehicle delivery figures.
- Netflix's stock is up a more measured 50%, but investors are eager for commentary on any fallout from work stoppages in Hollywood affecting the streaming business.
Investor Interest in Goldman Sachs
00:00 - 04:01
- Investors are particularly interested in hearing from Goldman Sachs CEO David Solomon about concerns regarding the bank's strategy.
Stock Boost from Strong Earnings
00:00 - 04:01
- Strong earnings from JP Morgan, Wells Fargo, and Delta Airlines helped boost stocks last week.