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3 Things to Watch -Breaking

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© Reuters.

Sam Boughedda

Investing.com – Stocks rallied on Tuesday despite a steady climb in the 10-year Treasury as corporate earnings continued to roll in.

Investors are awaiting the release of Netflix’s latest numbers, due after the closing bell tonight.

Oil fell 5% on the day but there weren’t many new headlines about Russia’s war in Ukraine. The spring meeting of World Bank and International Monetary Fund, where global financial leaders meet, is taking place in Washington, D.C. This meeting reduced its global growth forecast from 4.4% to 3.6% this year due to the war.

The yield on the 10-year bonds rose to 2.9% Tuesday. The Federal Reserve will likely raise rates by an unusually aggressive half point next month to address inflationary pressures. However, the Ukraine war remains a risky proposition.

Although the rate is still down by 6%, it seems that investors are embracing rising rates to purchase technology stocks and other large company stocks. 

More S&P 500 companies report this week, including Tesla, AT&T (NYSE:) and Procter & Gamble. Tomorrow’s data will include existing data on home sales and data about oil inventories.

These are the three factors that will impact markets tomorrow.

1. Netflix Earnings

After today’s close, Netflix Inc (NASDAQ) will post highly anticipated earnings. Based on data collected by Investing.com. Analysts expect earnings per stock to be $2.95 for revenue of $7.94 trillion. Netflix previously predicted that Netflix would add 2.5 million globally streaming pay nets to its first quarter.

2. Tesla earnings

Tesla Inc (NASDAQ 🙂 will publish its results after Wednesday’s close. Tesla Inc (NASDAQ:) will report after the close Wednesday. The leader in electric vehicles has reported already 310,048 vehicle deliveries during its first quarter. Analysts expect earnings per share of $2.24 for $17.63 million.

3. P&G earnings

Procter & Gamble Company (NYSE:) will release earnings on its latest quarter ahead of the open Wednesday. According to forecasts, the company will post $1.30 earnings per share on $18.72billion in revenue.

 

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