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Heading into earnings, the S&P500 total return is +24.2% YTD, while the Nasdaq 100 total return is +22.3% YTD. It may be a bit surprising that in a “Year of AI”, the tech index is slightly lagging the broader market. Will it catch up or not? Depends on how Mag 7 do vs the rest.
$NFLX reports Thursday. Since the Mag 7 became the tech investing standard in January 2023, shares of NFLX are up 142% to near an all-time high. If you're curious, Mag 7 is up 244% during that period, and the Nasdaq is up 79%. Excluding Nvidia, the Mag 6 was up 140%. Netflix's…
🎬 Netflix Stock to New Records Ahead of Q3 Earnings https://t.co/qNLAbXSzQi 62% of retail CFD accounts lose money.
Netflix Inc. ($NFLX) is set to report its third-quarter earnings on Thursday, October 17, 2024, with Wall Street analysts anticipating a potential price increase. The company's stock has seen significant gains, rising 142% since the start of 2023, approaching an all-time high. This performance is notable in the context of the broader market, where the S&P 500 has a total return of 24.2% year-to-date, while the Nasdaq 100 has returned 22.3%. The upcoming earnings report is critical as it may influence investor sentiment and stock performance, especially given the elevated expectations surrounding the company's results.