This year’s Q1 earnings season is set to continue this week as Netflix and Tesla release their first-quarter results. Several market factors may have influenced these business leaders’ Q1 revenues.
As this week’s trading opened on Monday, growth and tech stocks led a rally on Wall Street. Top tech firms like Netflix and Tesla seem to be recovering from recent selloffs on the back of strong fundamentals.
Netflix faced increasing competition and decelerating subscription growth over Q4 2021. Today after market close, traders will find out how these factors could have affected the firm’s revenue and earnings per share numbers.
After leading market gains for over a decade, are investors ready to pull out of technology stocks and move to other sectors?
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