Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earnings season kicks into a new gear this week.

Both stocks have suffered this year after huge gains in previous years. Tesla shares have declined more than 41% so far in 2022, largely thanks to a drop of more than 30% in the past month; Netflix is down more than 60% this year, while the S&P 500 index SPX, -2.37% has fallen 23%. Benchmark Research analyst Matthew Harrigan, in a research note on Thursday, said he was skeptical of the prospect of an immediate ad-led turnaround for Netflix, even as series like “Stranger Things” and “Dahmer” draw viewers.Tesla reports third-quarter earnings on Wednesday, after reporting third-quarter deliveries of more than 343,000 — a record that was nonetheless below analysts’ expectations for 371,000 — along with record monthly sales of vehicles produced in China in September.

The call to put on your calendar Snap Inc.: Snapchat’s parent company reports third-quarter earnings on Thursday, and analysts expect the company’s losses to nearly quintuple from last year and revenue growth to slow to nearly nothing. That is a huge reversal for Snap’s trajectory, because digital advertising has suffered as advertisers, more cautious of a recession, rein in spending.

Airlines’ revenue: After Delta showed a significant sales gain from prepandemic levels, investors will be looking for the same from other airlines as United Airlines Holdings Inc. UAL, +0.20%, American Airlines Group Inc. AAL, +0.46% and Alaska Air Group Inc. ALK, -0.17% report in the coming week.

Marketing needs to create new users and help generate word of mouth. How has the ad strategy of Netflix and Tesla impacted their future?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Netflix Earnings Preview: Wall Street Focus on Ads May Outweigh Subscriber AddsAhead of its third quarter disclosure on Oct. 18, analysts weigh the streaming giant's forecast of 1 million net sub additions with the potential upside and momentum of the service's ad-tier launch.
La source: THR - 🏆 411. / 53 Lire la suite »

Analysts are standing by these stocks with 'robust upside' ahead of Q3 earningsWall Street analysts named of some of their favorite stocks to buy ahead of earnings. This means these stocks are toast…
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks fall broadly on Wall Street as inflation worries growA report showing U.S. consumers raising their expectations for future inflation hit markets worldwide, signaling the Federal Reserve will have to continue aggressively raising rates. Good luck buying a house now, all you libs complaining about housing costs! This will hit you harder than the rising home prices from the last couple years.
La source: 10News - 🏆 732. / 50 Lire la suite »