Tesla, Netflix earnings, UAW strike, Israel at war top week ahead
Lockheed Martin reports Tuesday; company supplies Israel with F-35 fighter jets
In the coming week, investors will continue to monitor the ongoing war between Israel and Hamas and any impact on oil prices and global markets.
Crude gained nearly 6% last week following the attack on Israel amid choppy trading.
U.S. Oil Fund
As for stocks, the benchmarks ended the week mixed on Friday with the Dow Jones Industrial Average notching a small gain, while the Nasdaq Composite and S&P 500 fell.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 43870.35 | +461.88 | +1.06% |
SP500 | S&P 500 | 5948.71 | +31.60 | +0.53% |
I:COMP | NASDAQ COMPOSITE INDEX | 18972.420086 | +6.28 | +0.03% |
NETANYAHU SAYS ‘HAMAS IS ISIS’ AS ISRAEL PREPARES FOR GROUND INVASION OF GAZA
Monday, Oct. 16
Disney turns 100
On Monday, Walt Disney will celebrate 100 years since its founding. Over the last 12 months, shares have fallen 12% amid executive upheaval and an ongoing proxy fight with activist investor Nelson Peltz.
DISNEY FACING ACTIVIST INVESTOR NELSON PELTZ AGAIN
DISNEY RAISES PRICES AT CALIFORNIA, FLORIDA THEME PARKS
CEO Bob Iger, who returned to the helm in November after the ouster of Bob Chapek, is mulling how to turn around the media giant, and possible moves involve selling assets.
Disney
On Wall Street, Charles Schwab will report to shareholders before the opening bell.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
SCHW | THE CHARLES SCHWAB CORP. | 80.80 | +0.34 | +0.42% |
CEO MARC ROWAN CALLS ON UPENN LEADERS TO RESIGN; ALUMS TO HALT DONATIONS OVER ALLEGED ANTISEMITISM
Tuesday, Oct. 17
Will Lockheed Martin reveal more deals with Israel?
Bank of America, Goldman Sachs, Johnson & Johnson and Lockheed Martin will report earnings before the opening bell, while Interactive Brokers Group, JB Hunt and United Airlines will follow after the session closes.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
BAC | BANK OF AMERICA CORP. | 46.46 | +0.40 | +0.87% |
GS | THE GOLDMAN SACHS GROUP INC. | 596.11 | +14.18 | +2.44% |
JNJ | JOHNSON & JOHNSON | 155.50 | +2.39 | +1.56% |
IBKR | INTERACTIVE BROKERS GROUP INC. | 191.71 | +3.85 | +2.05% |
JBHT | J.B. HUNT TRANSPORT SERVICES INC. | 181.57 | -0.01 | -0.01% |
UAL | UNITED AIRLINES HOLDINGS INC. | 94.40 | -0.23 | -0.24% |
X CEO SAYS APP REMOVES HUNDREDS OF HAMAS-LINKED ACCOUNTS
Defense stocks were active last week after Israel was attacked by Hamas. Investors will be watching for any update on weapons purchases, including Lockheed's F-35 fighter jets. Those shares gained around 10% for the week.
Lockheed Martin
ISRAEL WAR BOOSTS LOCKHEED MARTIN, NORTHRUP GRUMMAN, OTHER DEFENSE STOCKS
Data on retail sales will give a fresh snapshot on how the back-to-school shopping season fared. Month-over-month sales are expected to rise +0.3% versus 0.6% in August. Year-over-year sales may increase +1.5% versus +2.5% during the same period a year ago, according to Trading Economics.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
WMT | WALMART INC. | 88.39 | +1.21 | +1.39% |
TGT | TARGET CORP. | 121.59 | -0.17 | -0.14% |
AMZN | AMAZON.COM INC. | 198.38 | -4.50 | -2.22% |
PROJECT DYNAMO WORKING TO GET AMERICANS OUT OF ISRAEL AMID WAR AGAINST HAMAS
Additional reports include industrial production, business inventories and the NAHB housing market index.
Wednesday, Oct. 18
Tesla, Netflix report to shareholders
Tesla and Netflix are the two biggest companies with earnings on Wednesday.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
TSLA | TESLA INC. | 339.64 | -2.39 | -0.70% |
In July, Tesla's revenue and earnings per share came in above estimates for the second quarter of 2023 on $24.93 billion in total revenue, a 47% spike from the same three-month period in 2022. Tesla's net income for the last quarter rose 19.7% compared to 2022’s second quarter.
DOLLAR GENERAL SHARES JUMP AS RETAILER BRINGS BACK FORMER CEO
Shares have gained over 100% this year.
Tesla
ELON MUSK MAKES TESLA SUPERCHARGERS FREE TO USE IN ISRAEL
Meanwhile, Netflix's second-quarter earnings in July revealed a significant spike in subscriber growth, proving success with the controversial crackdown on password sharing and the rollout of a cheaper subscription option.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
NFLX | NETFLIX INC. | 897.48 | +13.63 | +1.54% |
The streaming platform also notched a 3% increase in revenue the last quarter, totaling $8.2 billion.
TWO STREAMING SERVICES RAISING PRICES FOR AD-FREE PLANS
Economic data on Wednesday includes mortgage applications, building permits, housing starts and EIA weekly crude stocks.
Thursday, Oct. 19
Who’s working? Jobless claims
On Wall Street, Alaska Air Group, American Airlines, AT&T, Blackstone and Union Pacific will report earnings before the opening bell, with data on initial jobless claims and existing home sales due.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
ALK | ALASKA AIR GROUP INC. | 52.30 | -0.84 | -1.58% |
AAL | AMERICAN AIRLINES GROUP INC. | 14.20 | -0.26 | -1.80% |
T | AT&T INC. | 22.98 | +0.15 | +0.66% |
BX | BLACKSTONE INC. | 194.01 | +8.98 | +4.85% |
UNP | UNION PACIFIC CORP. | 239.08 | +5.54 | +2.37% |
MORE THAN 200 VENTURE CAPITAL FIRMS SIGN PUBLIC STATEMENT IN SUPPORT OF ISRAEL
Friday, Oct. 20
EU Commission chief in U.S. to meet with Biden
American Express will report before the opening bell on Wall Street.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
AXP | AMERICAN EXPRESS CO. | 293.00 | +5.29 | +1.84% |
Meanwhile, the EU Commission chief and EU Council president will be in the U.S. to meet with President Biden for an EU and U.S. summit.
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FOX News’ Taylor Penley contributed to this report. FOX Business’ Eric Revell, Madeline Coggins and Elizabeth Pritchett also contributed.