Netflix Inc’s (NFLX.O) quarterly report on Monday may offer an advanced preview of whether Facebook Inc (FB.O), Amazon.com Inc (AMZN.O) and other heavyweights behind much of the U.S. stock market’s record-breaking rally can keep delivering.
Many of the S&P 500’s largest companies - Microsoft Corp (MSFT.O), Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O), and Amazon.com - have outperformed in the first 12 trading days of 2018, with investors betting strong earnings growth will justify tech valuations at their highest levels in a decade.
As of Thursday, Netflix, which is due to report its quarterly results on Monday after the stock market closes, had jumped nearly 15 percent this year, outpacing the S&P 500’s 5 percent increase.
Netflix’s 53 percent surge in 2017, along with rallies by shares of Amazon.com and Silicon Valley’s largest tech companies, helped propel the stock market to new highs.
Many of the S&P 500’s largest companies - Microsoft Corp (MSFT.O), Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O), and Amazon.com - have outperformed in the first 12 trading days of 2018, with investors betting strong earnings growth will justify tech valuations at their highest levels in a decade.
As of Thursday, Netflix, which is due to report its quarterly results on Monday after the stock market closes, had jumped nearly 15 percent this year, outpacing the S&P 500’s 5 percent increase.
Netflix’s 53 percent surge in 2017, along with rallies by shares of Amazon.com and Silicon Valley’s largest tech companies, helped propel the stock market to new highs.
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