Netflix earnings, fresh Fed commentary: What to Watch

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Time now for what to watch Tuesday, October 21st.

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Let’s start off on the earnings front. We’re entering the thick of earnings season now with some big names reporting on Tuesday, including General Motors and Netflix.

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General Motors is going to be announcing results for the third quarter before the markets open.

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Analysts expecting GM’s profits to come in as forecasted around 226 per share, which is 24% lower than last year, but US sales are still up about 7.7%.

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Some buyers rushing to purchase before tariffs and that $7,500 EV tax credit expiration in September, which could mean weaker demand later this year.

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And switching over to Netflix, the streaming giants reporting third quarter earnings after the closing bell, and us anticipating Netflix to report strong growth, about 17% higher revenue in Q3, driven by popular new shows and movies like Squid Game Season 3, Wednesday and K-pop Demon Hunters.

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And taking a look at the Federal Reserve, we’re going to be getting some commentary from Fed Governor Christopher Waller on Tuesday.

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This is coming ahead of an important week for the Fed with the Bureau of Labor Statistics finally releasing the September consumer price index report on Friday.

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Investors are going to be listening for any clues about the Fed’s path forward with monetary policy ahead of its FOMC meeting toward the end of October.