Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at

What’s Expected During this Q3 Earnings Season

Plus500 | Monday 19 October 2020

Markets are experiencing high volatility as traders begin to analyze Q3 earnings reports. Major market fluctuations have been a common theme throughout 2020 as a result of the Coronavirus, Brexit, and general uncertainty caused by global events. 

Earning season

Q3 Earnings Spotlight

Tesla (TSLA) will be announcing third quarter earnings on Wednesday October 21st. During these three months, Tesla’s stock price reached a new high and executed a 5-for-1 split. So far this year, the company’s market capitalization has leapt 400% grabbing attention across tech, automotive, and finance industries. Yet, despite their current capacity to produce 150,000 from their Model 3 and Model Y vehicles, Tesla only delivered 124,100 during the quarter, leaving traders to speculate if this was a result of Coronavirus factory shutdowns, or weak demand.

Netflix (NFLX) locked in 27 Million new subscribers during H1 2020, sending the stock up to a new high of $575, up from $298 in March. Recently, Netflix raised its prices in Canada giving traders reason to speculate that the streaming leader is looking to continue their growth into H2 of 2020.

One company looking to come back from a difficult year is the chip giant, Intel (INTC). Back in July, Intel announced a major setback to its 7nm processing chips, erasing 43 Billion USD in market capitalisation. At the same time, competitor AMD (AMD) saw shares rise more than double as they announced new technologies in a race to pick up what Intel left behind.

Index Volatility

This earnings season has been volatile for index futures as well. The S&P500 (USA500) sits just below 3500 points, above its January high and closing in on its September record high of 3580. The DAX 30 (Germany30) is still off its February peak, holding at 12,874 points. In contrast, the tech-heavy Nasdaq 100 (US-TECH100) started off January at 8,872 and has leapt to its current value of 11,906 points. This jump has been led by Apple (APPL), Tesla (TSLA), and many other technology giants who have thrived despite the uncertain economic landscape.

Get more from Plus500

Expand Your Knowledge

Videos & Articles help you expand your trading knowledge.

Prepare Your Trades

Our Economic calendar helps you explore global market events.

Trade Without Surprises

Understand the full costs of your trades now for better expense management later.

This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.

Need Help?
24/7 Support