Tesla Stock on a Knife’s Edge: $900 Target & Netflix Impact Ahead of Q3 Earnings
U.S. stocks ended mixed on Oct. 21, with the Dow up about 0.47% and the Nasdaq down ~0.16% investing.com. Tech and growth shares have been choppy; notably, Netflix shares plunged on Tuesday after-hours. Netflix reported Q3 revenue of $11.51 B but EPS of $5.87, well below the $6.97 Wall Street forecast investing.com. The shortfall – due largely to a one-time Brazilian tax dispute – sent NFLX stock down roughly 5.6% in after-market trading investing.com. Other big names beat estimates, but with indexes near highs and valuations stretched, traders are cautious. As Investing.com/Reuters noted, “nothing is jumping out today to say there’s a strong opinion being expressed anywhere” investing.com.