Investors are Excited About the Upcoming Release of Netflix Results

Bidding on October 18 at American stock markets ended mainly in the green zone. The S&P 500 Index climbed 0.34% to 4486 points, the Nasdaq rose 0.84% ​​and the Dow Jones dropped a marginal 0.1%. The growth leaders were the sectors of cyclical consumer goods (+ 1.2%) and technology companies (+ 0.85%). Among the outsiders were the utilities (-0.97%) and healthcare (-0.72%) sectors.

Apple (AAPL: + 1.2%) unveils new MacBook Pro, third generation AirPods and updates for Apple Music. With regard to Walt Disney (DIS: -3.0%), analysts are concerned about a slowdown in growth for the Disney + service. Medtronic plc (MDT: -5.5%) was under pressure from news of the increased recall of devices for the treatment and prevention of brain diseases.

Today, global stock markets are showing mixed dynamics. The S&P 500 went into negative territory, responding to the publication of data on the dynamics of industrial production in the US for September. The indicator dropped by 1.3% m / m against the forecast of growth by 0.2%. The negative dynamics of industrial production is associated with the consequences of Hurricane Ida and with a shortage of semiconductors. However, the stock market quickly bounced back on the decline thanks to oil prices and lower yields on US Treasuries.

WTI futures rose 0.2% to $ 82.44 a barrel. The yield on 10-year government bonds rose 1 pp to 1.58%, after falling from a high of 1.63% intraday. The recovery in profitability supported the “growth” stock while the broad market was moving sideways.

Asian Stocks

Asian stock exchanges finished the session on October 19 in positive territory. Japan’s Nikkei 225 climbed 0.65%, China’s CSI 300 rose 0.99%, and Hong Kong’s Hang Seng gained 1.36%. In turn, EuroStoxx 50 has declined 0.75% since the start of trading.
The 10-year Treasury yield remains at 1.58%. Brent futures price exceeds $ 85 per barrel. Gold falls to $ 1,764 per troy ounce.

Today there are data on the volume of new home construction in the United States in September (forecast: 1.620 million versus 1.615 million in August).

The upcoming release of Netflix’s results is causing particular excitement. Market participants expect the number of streaming service subscribers to increase by 3.8 million, with management forecast at 3.5 million.

The Freedom Finance Sentiment Index remains at 59 points. The S&P 500 has consolidated above its 50-day exponential moving average. “Bullish” divergence of the RSI and MACD indicators has materialized, their values ​​signal the seizure of the initiative to buyers