as investors began to digest quarterly earnings releases and debate intensified over what the Federal Reserve will do at its November meeting.In the past week, speculation that the Federal Reserve will not cut interest rates further at its November meeting has been growing. The September jobs report, which included another decline in the unemployment rate and one of the highest monthly payroll addition numbers of the year,core prices increased more than expected.
The streaming giant's stock is up about 50% this year and trading near an all-time high. Wall Street expects Netflix to report earnings per share of $5.16 on revenue of $9.77 billion. This would represent nearly 40% earnings growth compared to the year prior.whether or not the stock can sustain its massive run. In the near term, Citi analyst Jason Bazinet believes Netflix announcing further price hikes in the US could be a catalyst for the stock.
"I don't think this backup in interest rates is all that worrisome for equities in aggregate," Kantrowitz said. "But where it does show up is in leadership.""If rates keep going higher, I don't think it's a massive issue for equities unless it persists for, I'd say, a few months," he said.: MBA Mortgage Applications, week ending Oct.
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