NKE

Nike, Inc.

104.96
USD
-0.94%
104.96
USD
-0.94%
82.22 173.37
52 weeks
52 weeks

Mkt Cap 134.12B

Shares Out 1.28B

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2 NASDAQ earning reports to watch in October

It’s that time of year again; earning session for US stocks. With so many other variables contributing to volatility in the US markets (e.g., inflation, Fed rate hikes, recession, oil prices, quantitative easing), anything out of the ordinary can result in huge moves in stock prices. This has already been witnessed in an early report from Nike NKE last week, where it missed on some metrics and was punished with a -12.8% fall in its stock price. So, with this in mind, here are two earning reports to watch this October. Advanced Micro Devices AMD AMD updates the market with its earnings on Tuesday October 25, alongside some of the other major companies on the NASDAQ, including Microsoft MSFT and Alphabet GOOG. AMD shares fell +23% in September, partly impacted by the weak report from sector compatriot Micron Technology MU. It is the weak demand outlook that Micron painted for personal-computer products that makes AMD’s upcoming announcement one to watch. Similarly, Taiwan Semiconductor TSM is reporting on October 13, which could serve as another barometer for the industry before AMD delivers its report. It may be a make-or-break earnings report for Netflix NFLX on Tuesday 18 October. Netflix shares climbed +8.4% over September, and over +30% since its last market update in June, where it reported a loss of almost 1 million subscribers. In fact, Netflix was one of the top S&P 500 performers last month, where the broader market index fell by -8.0%. In the upcoming announcement, investors will be looking out for more details concerning the company’s plan to diversify its revenue base with ad-tier subscription and its heretofore mild penetration into the gaming space. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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