Fourth-Quarter Earnings on Deck
With Netflix, investors will be trying to divine if the company’s astounding $15 billion spent on content in 2019 is paying off, and what the entrance of the Disney+ streaming service portends for subscriber growth.
Procter & Gamble, the ultimate consumer products company, provides a line of sight into consumer strength or weakness, which is critically important since U.S. economic growth is tied to consumer spending. Poor earnings or a weak forecast from P&G could take the market down a peg.
As for Intel, which is battling Samsung (KRX: 005930) for the title of the world’s largest chipmaker, their earnings will help investors take the temperature of the tech sector, which represents the largest component of the S&P 500.
David R. Evanson is a financial journalist in Philadelphia.