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3 Stocks To Watch In The Coming Week: Netflix, Tesla, Intel

By Investing.com (Haris Anwar/Investing.com)Stock MarketsOct 17, 2021 07:09AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-netflix-tesla-intel-200605300
3 Stocks To Watch In The Coming Week: Netflix, Tesla, Intel
By Investing.com (Haris Anwar/Investing.com)   |  Oct 17, 2021 07:09AM ET
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Earnings will take center stage in the week ahead as some of the largest U.S. companies from different sectors report Q3 2021 results. 

As the U.S. economic recovery accelerates and COVID infections show a downward trend, investors will focus on inflationary pressures, supply-chain disruptions, and whether these factors are squeezing corporate margins. 

Riding on earnings optimism, all three major U.S. indices, the S&P 500, Dow Jones and NASDAQ, closed the past week higher, with the NASDAQ taking the lead, gaining 2.2%. According to Refinitiv data, companies are beating earnings expectations so far by 15.6%, compared to the long-term average of 4%, but below the 18.4% average of the last four quarters.

Below, we've short-listed three stocks from different sectors we’re monitoring as Q3 earnings season ramps into full swing:

1. Netflix

Streaming entertainment giant Netflix (NASDAQ:NFLX) reports Q3 earnings on Tuesday, Oct. 19, after the market close. Analysts are expecting $2.57 a share profit on sales of $7.48 billion.

NFLX Weekly TTM
NFLX Weekly TTM

Netflix stock has rebounded strongly during the past quarter, on optimism that the company remains the best bet in the crowded streaming market, given the strength of its content and its global reach.  

Last week, Netflix said its South Korean show “Squid Game” has become its biggest series launch ever. The series has attracted 111 million views since its release on Sept. 17, according to a Netflix tweet on Wednesday. That surpasses its previous top show, “Bridgerton,” which was seen by 82 million households in the first 28 days after its release.

As of Friday's $628.29 close, shares of the Los Gatos, California-based company are up 16% during the past quarter, compared with the tech-heavy NASDAQ’s 2% expansion over the same period. This coming week’s earnings report will be crucial if the stock is to continue this rally.

2. Tesla

Electric carmaker Tesla (NASDAQ:TSLA) reports Q3 earnings on Wednesday, Oct. 20, after the market close. Analysts are forecasting $1.54 a share profit on sales of  $13.66 billion.

TSLA Weekly TTM
TSLA Weekly TTM


Tesla reported early this month that it delivered 241,300 electric vehicles during the period, beating analyst consensus estimates of around 220,900 cars. The company produced 237,823 cars in the period ending Sept. 30, 2021, Tesla said in its report. Of that, 228,882 were its Model 3 and Y vehicles, Tesla’s more affordable mid-range offerings.

The stock has gained 30% during the past quarter, on expectations that Tesla is on course to expand its margins as its sales volume improves. The higher sales figures also show that the company is in a better position to overcome the supply shortages that are hurting other car makers. TSLA shares closed on Friday at $843.03.

3. Intel

Chipmaker Intel (NASDAQ:INTC) is yet another tech heavyweight set to release earnings during the upcoming week. The Santa Clara, California-based company will report its latest quarterly earnings on Thursday, Oct. 21, after the close. 

INTC Weekly TTM
INTC Weekly TTM

The semiconductor giant is projected to report $1.1 a share profit on revenue of $18.24 billion, according to analyst consensus. But earnings will perhaps take a backseat as investors focus on the company’s turnaround efforts to shepherd the chipmaker out of a crisis threatening its leadership of the chip industry. 

Intel has lagged in introducing newer and faster products and has lost some of its biggest customers, such as Apple (NASDAQ:AAPL), which has decided to manufacture its own chips.

Intel shares, which closed at $54.46 on Friday, have underperformed in the current market rebound, when compared to other chip producers. 

The stock has mostly traded sideways during the past year, even as the benchmark Philadelphia Semiconductor Index gained about 40% during the same period.

3 Stocks To Watch In The Coming Week: Netflix, Tesla, Intel
 

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3 Stocks To Watch In The Coming Week: Netflix, Tesla, Intel

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Comments (11)
Afuwape Joshua
Afuwape Joshua Oct 19, 2021 3:03PM ET
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Thank you
tshepeso mothibi
tshepeso mothibi Oct 17, 2021 4:41PM ET
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How is the volatility this week
KEN GELFAND
KEN GELFAND Oct 17, 2021 4:41PM ET
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Seems to be dropping
Tobby Olumba
Tobby Olumba Oct 17, 2021 2:43PM ET
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Netflix, Tesla and Intel are the very interesting stocks we should watch this week. Thank you.
Irena Kinces
Irena Kinces Oct 17, 2021 1:35PM ET
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thanky you 🤔
Remind Mokoena
Remind Mokoena Oct 17, 2021 1:32PM ET
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Do you think Telsa will rally up this week ?
Charles Asante
Charles Asante Oct 17, 2021 1:10PM ET
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Refet Nabl
Refet Nabl Oct 17, 2021 1:07PM ET
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just buy tech
mj sullivan
mj sullivan Oct 17, 2021 12:58PM ET
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Just buy tech
shahid khan
shahid khan Oct 17, 2021 9:54AM ET
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sir,tell me about us stock market.i want trade in us stock market
Mohd Izhar Muslim
Mohd Izhar Muslim Oct 17, 2021 7:25AM ET
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alright,we will watching ups
Zinzi Siswana
Zinzi Siswana Oct 17, 2021 3:56AM ET
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Nasdaq100 will push past 16k this week for sure , i dont see anything stopping TESLA from surpassing APPLE as the 2nd world most Valuable company after Aramco !!…. 16k nas here we come
 
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