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3 Things to Watch By Investing.com

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© Reuters

By Dhirendra Tripathi

Investing.com — Monday’s stock market volatility was due to a hectic week of earnings reports, which included reports by Netflix Inc and Tesla Inc (NASDAQ).

Investors were skittish about slowing economic growth in China, the world’s second largest economy, and concerns about rising oil prices affecting prices across the spectrum. With one half-hour of trading left, the Dow was down slightly while the S&P 500 and Nasdaq were edging higher.

China saw its third quarter of the year show the lowest economic growth, owing to power scarcity and a struggling property sector.

Apple (NASDAQ) rose in anticipation of an event at which it would unveil new MacBook Pro laptops that are powered by a brand-new home-made processor. 

This week’s big event is the corporate earnings conference call, in which CEOs will discuss their strategies for dealing with rising costs, supply shortages and labor shortages. 

According to Reuters, analysts expect earnings to rise by 32% compared with a year earlier, citing data from Refinitiv.

Other companies up this week include Covid-vaccine maker Johnson & Johnson (NYSE:), telecom giant Verizon Communications Inc (NYSE 🙂 and Intel Corporation (NASDAQ 🙂

Walt stock shares were the other stock news for Monday Disney After the sale of Company (NYSE:), Barclays Analysts at (LON) have reduced it to an equal weight with overweight. They cite challenges in its continued growth of Disney+’s streaming service. The company started last year experiencing blistering growth and has been growing steadily since then. It also stated that it is delaying production of several movies.

These are the three factors that will impact markets tomorrow.

1. Johnson & Johnson earnings

Johnson & Johnson will report third-quarter earnings Tuesday. According to analysts at Investing.com, the company will report a profit per share (profit) of $2.36 for revenue of $23.66 trillion. Last week, the company got the nod from the Food and Drug Administration’s vaccine advisory panel for a booster shot of its Covid-19 vaccine.

2. Procter & Gamble earnings

Home-product maker Procter & Gamble Company (NYSE:)’s first-quarter revenue is seen at $19.79 billion with profit per share at $1.59. However, analysts will listen to what Procter & Gamble Company has to say about supply chain issues and hiring as they approach the year’s end.

3. Netflix Earnings

Netflix’s third-quarter revenue is estimated to come in at $7.48 billion and earnings per share at $2.57. The streaming giant’s run-away hit Squid Game may be a hard act to follow, but analysts will be listening for what the company says about its content production pipeline.

 

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