From Netflix, Tesla to Intel - top stocks to watch this week

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From Netflix, Tesla to Intel - top stocks to watch this week

 From Netflix, Tesla to Intel - top stocks to watch this week
Image source: Phongphan,Shutterstock

Highlights

  • Netflix, Inc. (NASDAQ: NFLX) will release its quarterly earnings on October 19 after the closing bell.

  • Tesla, Inc. (NASDAQ: TSLA) will release its Q3 results on October 20 after the market close.

  • Intel Corporation (NASDAQ: INTC) is expected to report its quarterly earnings on October 21.

The third-quarter earnings season began with right earnest last week. Many major banks and companies from other sectors have posted robust sales and profit growth during the period.

The earnings have lifted the investors' spirit. Likewise, this week too, several major companies are expected to report their quarterly results.

Hence, investors would eagerly wait for the results of these companies, ranging from technology, communication to consumer discretionary sectors.

Here is a list of 10 stocks that are this week.

Also Read: J.B. Hunt (JBHT) profits surge nearly 60% in Q3

Netflix, Inc. (NASDAQ: NFLX)

Netflix is a Los Gatos, California-based media and production company that provides over-the-top media services. The firm is expected to release its third-quarter earnings on October 19. The company's net income was US$1.35 billion on revenue of US$7.34 billion in Q2, FY21.

The NFLX stock traded at US$625.03 at 10:26 am ET on October 18, down 0.52% from their previous closing price. Its stock value surged 20.16% YTD.

The market cap of the firm is US$276.37 billion, and its EPS is US$9.65.

Top stocks to explore this week

Source: Pixabay

Also Read: Seven stocks to explore as demand for healthcare soars

Johnson & Johnson (NYSE: JNJ)

Johnson & Johnson is a holding company based in New Brunswick, New Jersey. It provides various consumer products, including pharmaceutical and medical devices.

It is expected to report its third-quarter earnings on October 19 before the bell. Its sales were US$23.31 billion in Q2, FY21, up 27.1% YoY, while its net earnings came in at US$6.27 billion, an increase of 73.1% from the same quarter of the previous year.

On October 15, the company announced that the US Food and Administration (FDA) gave its emergency use authorization (EUA) for its covid booster dose.

The JNJ stocks traded at US$160.33 at 10:38 am ET on October 18, down 0.60% from their closing price of October 15. Its stock value increased by 3.07% YTD.

The market cap of the firm is US$421.40 billion, and its EPS is US$6.65.

Also Read: Charles Schwab (SCHW), Goldman Sachs (GS) profits soar in Q3

Procter & Gamble Company (NYSE: PG)


Procter & Gamble is a consumer goods corporation based in Cincinnati, Ohio. It provides branded consumer packaged goods globally for consumers. The firm will release its first-quarter results for fiscal 2022 on October 19 before the market opens. The net sales of the firm were US$18.94 billion in Q4, FY21, while its net earnings came in at US$2.90 billion.

The PG stocks traded at US$142.92 at 10:44 am ET on October 18, down 1.04 from their previous closing price. Its stock value rose 4.79% YTD.

The market cap of the firm is US$346.19 billion, and its EPS is US$5.49.

Also Read: Prologis (PLD) raises guidance after Q3 profits jump over 140%

Philip Morris International Inc (NYSE: PM)

Philip Morris is a cigarette and tobacco manufacturing company based in New York. It has business in various countries. The company will report its third-quarter earnings on October 19 before the market opens.

Its net earnings were US$2.17 billion on revenue of US$7.84 billion in Q2, FY21.

The PM stock traded at US$96.82 at 10:55 am ET on October 18, down 1.58% from its previous closing price. The stock jumped 20.7% YTD.

The market cap of the firm is US$150.74 billion, and its EPS is US$5.69.

Also Read: Why is the stock of gene-editing titan CRISPR hogging attention?

Tesla, Inc. (NASDAQ: TSLA)

Tesla is a Palo Alto, California-based electric vehicle manufacturer and clean energy company. The firm is expected to report its third-quarter earnings for fiscal 2021 on October 20 after the market close. Meanwhile, on October 2, the company said it manufactured around 238,000 vehicles in the third quarter of fiscal 2021 and delivered more than 240,000 vehicles.

The TSLA stock traded at US$860.06 at 11:36 am ET on October 18, up 2.02% from its closing price on October 15. The stock rose 15.52% YTD.

The market cap of the firm is US$862.05 billion, and its EPS is US$1.92.

Also Read: Nine penny stocks with over 100% year-to-date return to explore

Intel Corporation (NASDAQ: INTC)

Intel Corporation is a multinational technology company based in Santa Clara, California. It is one of the world’s leading semiconductor makers. It is expected to release its third-quarter earnings on October 21 after the market closes. On a GAAP basis, the company's net income was US$5.1 billion on revenue of US$19.6 billion in the second quarter of fiscal 2021.

The shares of INTC were priced at US$54.496 at 11:42 am ET on October 18, up 0.06% from their previous closing price. The stock soared 9.64% YTD.

The market cap of the firm is US$221.16 billion, and its EPS is US$4.50.

Also Read: Walgreens Boots (WBA) profits up 6.4% in Q4 as sales surge

ASML Holding N.V. (NASDAQ: ASML)


ASML Holding is a Netherlands-based semiconductor manufacturing company. It manufactures semiconductor equipment systems. The firm is expected to report its Q3, FY21 earnings on October 20 before the opening bell. Its net sales were €4 billion (euros), and its income was €1 billion (euros) in Q2, FY21.

The ASML stocks traded at US$785.00 at 11:50 am ET on October 18, down 0.56% from their previous closing price. The stock surged 57.88% YTD.

The market cap of the firm is US$323.86 billion, and its EPS is US$13.71.

Also Read: Citigroup net income jumps 48%, revenue declines 1%

Snap Inc (NYSE: SNAP)

Snap Inc. is a social media and camera company based in Santa Monica, California. The firm will report its Q3, FY21 results on October 21 after the market close. In the second quarter of fiscal 2021, the company reported a net loss of US$152 million on revenue of US$982 million.

The SNAP stocks traded at US$74.48 at 11:57 am ET on October 18, down 3.70% from their previous closing price. Its stock value increased by 55.96% YTD.

The market cap of the firm is US$117.46 billion, and its EPS is US$-0.51.

Also Read: Domino's Pizza (DPZ) profit jumps 21.5% in Q3 on strong global sales

Freeport McMoRan, Inc. (NYSE: FCX)


Freeport-McMoRan is a Phoenix, Arizona-based mining company, and has interests in gold, copper, molybdenum, and other related products. The company will release its third-quarter fiscal 2021 earnings results on October 21 before the market opens. Its attributable net income was US$1.08 billion on revenue of US$5.74 billion in Q2, FY21.

The shares of FCX were priced at US$28.345 at 12:02 pm ET on October 18, down 0.76% from its closing price of October 15. Its stock value jumped 42.37% YTD.

Its market cap is US$56.05 billion, and its EPS is US$1.91.

Q3 earnings: NFLX, JNJ, PG, PM, TSLA, INTC, ASML, SNAP, FCX, HON

Source: Pixabay

Also Read: Wells Fargo (WFC), Morgan Stanley (MS) Q3 profits beat estimates

Honeywell International Inc. (NASDAQ: HON)

Honeywell International is a manufacturing and technology company that has interests in aerospace technology and other sectors. It is based in Charlotte, North Carolina.

The company will report its third-quarter financial results on October 22 before the market opens. In the second quarter of fiscal 2021, the company's net sales were US$8.80 billion, while its net income came in at US$1.44 billion. 

The HON stock traded at US$221.055 at 12:16 pm ET on October 18, up 0.15% from its previous closing price. The stock rose by 6.14% YTD.

The market cap of the firm is US$152.72 billion, and its EPS is US$7.05.

Also Read: Bank of America’s (BAC) Q3 profits beat forecast, deposits up 15%

Bottomline

The US stock market has been volatile in recent weeks amid concerns over inflation, labor and raw material shortage, and Fed's tapering proposal. However, the third-quarter results seemed to have lifted investors’ confidence. The S&P 500 index rose 2.53% in the previous week. Nevertheless, investors should evaluate the stocks carefully before investing.

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