we have to expect single-family starts to drift lower, returning-like new home sales-to their pre-Covid level," Ian Shepherdson, chief economist for Pantheon Macroeconomics, wrote in a note published Sept. This would follow a 3.9% monthly jump in August, though this increase was flattered by a boost in volatile multi-family housing starts in the Northeast. Consensus economists expect to see the pace of new homebuilding come in unchanged in September, compared to August, or at a seasonally adjusted annualized rate of 1.615 million. ![]() Tuesday's housing starts report from the Commerce Department is expected to be one print illustrating these ongoing pressures. housing market this week, as materials shortages and concerns around affordability continue to weigh on the sector. Investors are also set to closely monitor a slew of data on the U.S. And Netflix announced late last month it was acquiring its first gaming studio, Night School Studio. The company said last quarter that it would be investing in video gaming, focused initially on mobile games. Updates on new business areas will also be in focus in Netflix's results. He rates Netflix a Buy with a price objective of $680 per share, and said he expects the company to guide toward 7.7 million net subscriber additions for the fourth quarter. will tell us more on whether or not Netflix can get back to its pre-COVID 25 million+ net sub adds/year trend," Bank of America analyst Nat Schindler wrote in a note last week. REUTERS/Mike Blake/File Photoįor the fourth quarter, "we see the continuation of some of the highly-viewed and highly-rated Netflix TV shows to likely drive subscriber growth and we expect 4Q guidance. The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. Netflix had added just 5.52 million net subscribers total in the first and second quarters this year, compared to a record 25.86 million additions in the first half of 2020 at the height of pandemic-era stay-in-place orders. Netflix shares have risen 16.2% for the year-to-date, versus the S&P 500's gain of 19% over that same timeframe.Īfter a marked slowdown in subscriber growth in the first half of 2021, many Wall Street analysts are expecting to see the start of a turnaround for Netflix heading into the final months of the year. The streaming giant will report on Tuesday after market close.Įxcept for Google's parent-company Alphabet, each of the high-flying so-called "FAANG" tech stocks have underperformed the S&P 500 so far this year, as traders rotated away from the winners of the stay-at-home era of 2020. ![]() One closely watched name will be Netflix ( NFLX), which, as usual, will be the first Big Tech company to reveal its performance for the quarter ended in September. This week, companies spanning a range of industries are set to post results, offering more details about how lingering virus-related disruptions and supply-side constraints have impacted different companies, especially heading into the key holiday season. That figure - based on both actual earnings from companies that have reported so far and expectations for future results - represented an increase from the prior week, when the anticipated earnings growth rate for the third quarter stood at about 27.6%. ![]() ![]() All the original logos and trademarks are copyright of their respective brands/owners.As of Friday, the expected earnings growth rate for the S&P 500 was 30%, according to FactSet. HarveyĭISCLAIMER: This article offers for download legal free fonts similar to famous logos (please check the license specified for each font).
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