A wave of quarterly reports from Netflix and other top-tier, high-growth compani...
), account for about 17% of the S&P 500’s $26 trillion market capitalization, making reaction to their quarterly results key to Wall Street sentiment.
The reports by Netflix, scheduled for after the bell on Wednesday, followed by Microsoft on Thursday, and Facebook, Amazon and Alphabet next week could fuel gains on Wall Street, or put an end to the market’s recent strength. Mark Stoeckle, senior portfolio manager at Adams Funds, said his Diversified Equity Fund is overweight Netflix due in part to its strong original content. The fund is underweight Facebook on expectations that the company has not fully recognized the regulatory challenges it faces, including in relation to its plan to launch a cryptocurrency, which has faced a backlash from governments and central bankers since it was unveiled last month.
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