The Week Ahead: Netflix, GE, P&G Kick Off Earnings Season
We'll see reports from Bank of America, Goldman Sachs, and Johnson & Johnson, among others. Plus, retail sales, industrial production, and housing starts.
Jeremy Glaser: Earnings seasons kicks into high gear this week. We'll see more reports from big financial institutions including Bank of America, Goldman Sachs, Morgan Stanley, and American Express.
Netflix is due on Monday. The shares have been under some pressure recently amid a broader tech sell-off, but analyst Neil Macker still sees the shares as dramatically overvalued. He points out that even though subscriber growth has come in ahead of expectations, the firm continues to burn through cash.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.