Analysts expect growth in earnings as Netflix, Tesla, Coca Cola, and American Airlines are set to release quarterly results this week. To date, 10% of S&P 500 companies have reported quarterly results with 86% exceeding consensus earnings per share expectations. Blended earnings decline, actual and expected results, for Q3 is 18.4% less than expected 20% drop. 

  • Consensus analysts expect Netflix’s new paid streamers to total 3.3 million, with sales growing 22% this year to almost $6.4 billion.
  •  Tesla’s total volume of electric vehicle deliveries is expected to be 486,000, in line with CEO Musk’s full-year delivery growth of 30% to 40%, but below the company’s 500,000 target
  •  Airline carriers like American Airlines (AAL) and Southwest (LUV) are set to report results.
  •  Consumer giants Procter & Gamble (PG) and Coca-Cola (KO) are set to report results
  • Health care companies Biogen (BIIB) and Quest Diagnostics (DGX) are set to release results

Futures are mixed

S&P 500 is up 0.83%

NASDAQ 100 is up 1.01%

Nikkei 225 is up 0.57%

DAX is down 0.14%

FTSE 100 is down 0.18%

Crude Oil WTI is down 0.17%

GOLD is up 0.72%

BTC is down 0.12%

Dollar Index is down 0.51%