3 Things to Watch in the Stock Market This Week

By The Motley Fool28 days ago

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.

Continue read on nasdaq.com