Netflix (NFLX) stock is down 25% since its second-quarter report back in July and trading roughly 50% below its all-time highs heading into its Q3 earnings release after the closing bell on Wednesday, October 18.
For investors seeking momentum, Columbia India Consumer ETF INCO is probably on the radar. The fund just hit a 52-week high and is up 26.65% from its 52-week low price of $43.16/share.
WaFd (WAFD) reported $178.03 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 5.4%. EPS of $0.72 for the same period compares to $1.07 a year ago.
It’s shaping up to be a busy week in the market, with earnings season taking center stage. The Q3 cycle will be vastly important, potentially sparking a rally that could last into year-end.
Fulton Financial (FULT) reported $274.25 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 1.6%. EPS of $0.43 for the same period compares to $0.48 a year ago.
Albertsons Companies, Inc. (ACI) reported $18.29 billion in revenue for the quarter ended August 2023, representing a year-over-year increase of 2.1%. EPS of $0.63 for the same period compares to $0.72 a year ago.
Wintrust Financial (WTFC) reported $574.84 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 14.3%. EPS of $2.53 for the same period compares to $2.21 a year ago.
JB Hunt (JBHT) reported $3.16 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 17.6%. EPS of $1.80 for the same period compares to $2.57 a year ago.
For the quarter ended September 2023, Preferred Bank (PFBC) reported revenue of $75.93 million, up 10.1% over the same period last year. EPS came in at $2.71, compared to $2.40 in the year-ago quarter.
For the quarter ended September 2023, United Airlines (UAL) reported revenue of $14.48 billion, up 12.5% over the same period last year. EPS came in at $3.65, compared to $2.81 in the year-ago quarter.
For the quarter ended September 2023, Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.15 billion, up 44.9% over the same period last year. EPS came in at $1.55, compared to $1.08 in the year-ago quarter.
For the quarter ended September 2023, Omnicom (OMC) reported revenue of $3.58 billion, up 3.9% over the same period last year. EPS came in at $1.86, compared to $1.77 in the year-ago quarter.
For the quarter ended September 2023, Hancock Whitney (HWC) reported revenue of $355.21 million, down 2.9% over the same period last year. EPS came in at $1.12, compared to $1.55 in the year-ago quarter.
Pinnacle Financial (PNFP) reported $408.04 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.6%. EPS of $1.79 for the same period compares to $1.91 a year ago.
Tech stocks fell late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the Philadelphia Semiconductor Index down 1.1%.
Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor Index down 0.9%.
The recent, brutal assault on Israel by Hamas holds significant consequences for both geopolitical stability and global markets. Last Monday, defense stocks, oil, and safe-haven assets surged, while Israeli stocks plunged.
Rising rate worries have weighed on the growth stocks in recent weeks. The tech-heavy Nasdaq Composite slumped 1.4% in the past three months (as of Oct 10, 2023) on concerns whether policymakers will enact another hike this year.
For the first time in several years, there is no more FAANG or FANGMAN to talk about during the earnings season. It has been retired from the lexicon and has been replaced with the “Magnificent 7.”
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