Stocks pushed further into record territory last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 1%. Both indexes stand roughly 11% higher in 2021 after surging last year.
Earnings season continues with many of the market's favorite stocks reporting results over the next few trading days. That list includes Netflix (NASDAQ: NFLX), Procter & Gamble (NYSE: PG), and Tractor Supply (NASDAQ: TSCO), whose announcements we'll preview.
Image source: Getty Images.
Netflix pads its lead
Netflix has a hard act to follow after its 2020 fiscal year brought in a record-setting 37 million paying members and pushed the streaming video giant above 200 million users. Investor expectations for a growth hangover help explain why the stock has trailed the market this year heading into its Tuesday earnings announcement.
Yes, that report should show subscriber gains slow to 6 million from 16 million a year ago when the pandemic started placing a huge premium on at-home entertainment. But Netflix is still aiming to pad its lead in 2021, even if its sales and earnings growth seems tepid compared to last year.