Earnings season is going strong so far. According to Refinitiv, one of the world’s largest providers of financial markets data, approximately 70 S&P 500 companies have reported results and so far, 86% of them posted earnings that beat analysts’ expectations.
You know when I get together with you all I review not only the different corners of the market, but I also analyze the charts on the FANG stocks and Tesla, Inc. (TSLA). I will also be keeping my eye on the earnings coming out from them all within the next 10 days.
As of now only Netflix, Inc. (NFLX) and Tesla, Inc. (TSLA) reported and both of them posted earnings beat.
Now that earnings are out of the way on these two, I will look at my scans and see if either or both come up on any scans. Some I may already have positions in, and others I may wait until the rest of the FANG stocks report before initiating any new options trades.