The Dow Jones Industrial Average hit a new record close on Tuesday, while the S&P 500 slipped into the red at the end of the day. Energy and technology sectors led the gains, with semiconductors particularly strong after a blowout quarter from companies like SMC and NVIDIA. Commodities also saw an uptick, with gold reaching record highs.
incorrectly indicates Netflix reported third quarter revenue of $10.13 billion and earnings per share of $4.23. The correct figures are third-quarter revenue of $9.83 billion and EPS of $5.40. The company's fourth quarter guidance projects revenue at $10.13 billion and $4.23 EPS. We regret the error.There is a close of me on Wall Street and now it is market domination overtime sponsored by tasty trade.
So the company um beating estimates, it seems like the forecast also leaves it room to beat estimates as well.So pretty much in line, but you see the shares bouncing around here.This year was up around 100% in the past 12 months.Um I I am looking to see, you know, there was a lot of questions about whether we would see a price increase.
Well, the no landing scenario looks like a pretty strong one now and it certainly renders the question of whether the fed should cut rates in 2025 at all.Um, I, I think they should do maybe a couple quarters for the rest of the year, big deal.Clearly, they're underestimating the growth potential of the economy.
Uh You would have probably a pull back in the market which is not un uh uh uh entirely an unhealthy thing. Um We look at the market and think it's just expensive at 30 times cape operating earnings uh when it should be around trend line 26 5, it's about 800 points overvalued. Uh So we're just waiting on that frothiness that um euphoria that I referred to earlier when I was doing the quote.I remember those IP O si remember the silliness.Uh, you write in your latest note that it doesn't, it doesn't really matter who wins the election, who moves into the White House next month because you argue populism has already won.
And so that's, that's kind of, this is kind of one aspect of, of a multi pronged effort from the Harris campaign we're seeing this week on that front.I I was on with you guys yesterday talking about Elon Musk.So, so they kind of both have their own folks on each of their sides, any risk to linking yourself so closely be hip to hip with Mark Cuban.I think, you know, the the guest was talking about populism.
Uh The company's third quarter earnings per share $5.40 512 is what analysts had been anticipated there. You know, people aren't sort of automatically satisfied even when Netflix comes out with a beat, talk me through sort of the quality of this beat, so to speak, it's a pretty high quality beat.Uh if you're looking for the top line growth number, they obviously over delivered on that.So they've already upped their margin guidance.
And that valuation, you know, revenue growth is really kind of what underpins that, that lofty valuation and for you to have consistent revenue growth, obviously, you need those price increases and why not?So it's obvious that, you know, they have a lot of pricing power.They're going to have to do it very carefully because remember they're trying to balance subscriber growth along with revenue growth.
So obviously, the NFL games coming as well, which is so interesting, I mean, pushing harder and harder into sports.So keep me loyal or is it to attract, you know, new subscribers or maybe it's both, it's a little bit of both Josh, definitely, but it's more a statement to the advertising community.Uh You know, you are going to, they obviously have a built in captive audience.
So uh 40% of all TV viewing is on, you know, streaming platforms, half of all streaming television viewing is happening on youtube and Netflix.And so that gives them then pricing power that gives them then that base to go to advertisers, it's just going to now become a question of execution and monetization.We to get some more reports from the consumer goods and financial sector including Procter and Gamble and American Express, Procter and Gamble.
This is coming after comments from Waller on Monday calling for a more gradual pace on interest rate cuts after some mixed inflation data, that'll do it for today's market domination over time.
Dow Jones S&P 500 Technology Energy Semiconductors
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
Read more »
Wall Street grows cautious on gold, Main Street remains optimistic about further gainsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Wall Street remains cautious on gold, Main Street optimism wanes further for next weekThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Incredible Wall Murals That Seem To Pop Off The Wall, By Sergio Odeith (19 New Pics)Street artist Sergio Odeith continues to shock us with his realistic 3D murals.
Read more »
Stock market today: Wall Street slips below its record highsNEW YORK (AP) — U.S. stocks are edging down from their records. The S&P 500 slipped 0.3% in early Thursday trading. The Dow Jones Industrial Average was down 65 points after likewise setting an all-time high the day before.
Read more »
Stock market today: Wall Street drifts near record highs following recent big movesNEW YORK (AP) — U.S. stocks are drifting around their records as financial markets around the world take a pause following big recent moves. The S&P 500 was up 0.1% in early trading Wednesday.
Read more »