70% Of Earnings Thus Far Are Beating Expectations
b'Recent earnings reports have boosted market sentiment. "So far, 9% of the S&P 500 companies have reported earnings and 70% of those were positive. Netflix (NFLX) beat on both EPS and revenue as they added 2.41M net subscribers in the third quarter. The streaming service will start their ad-supported tier next month, which could boost revenue. Also, United Airlines (UAL) also released a strong earnings report. Finally, Tesla (TSLA) will release their data in the post-market session today," says Michael Zarembski.'