Tesla Stock on a Knife’s Edge: $900 Target & Netflix Impact Ahead of Q3 Earnings
Market Overview: Tech in Focus, Futures Flat U.S. stocks ended mixed on Oct. 21, with the Dow up about 0.47% (close ~46,925) 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 (matching estimates) 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 (e.g. Coca-Cola, GM) beat estimates, but with indexes near highs and valuations stretched,