Andrew Burton / Getty Images News
Investors weigh in on their thoughts on tech stocks this week, like Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), AT&T (BILLION) and Verizon (VZ) provided their quarterly results to start the fall earnings season.
But, never fear… Elon Musk-Twitter ((NYSE:TWTR) the TV series managed to run over the weekend and extended its story months before its potential end.
Let’s start with the top earnings reports on Wall Street. And one of the winners is Netflix (NFLX), as the streaming TV giant gets back on track with growth in new subscribers surpassing expectations and also offering the prospect of more growth in the coming months.
It was successful enough that Netflix (NFLX) Co-CEO Reed Hastings went against the traditional good-natured comments often made on corporate earnings calls to express his feelings about what it means to company to return to remarkable subscriber growth.
Netflix (NFLX) the stock surged after the company’s report and there were a number of analysts says its “dark days” are over.
Longstanding tech giant IBM (IBM) on the good side of the market, as it reported third-quarter results topping Wall Street estimates, and suggested that sales will improve next year.
AT&T (BILLION) has one of its best days in over two years as the telecom giant reported third-quarter results that beat expectations for earnings, sales and new subscribers. Meanwhile, Verizon (VZ) became interested in it after its third-quarter subscriber count fell short of estimates and investors pushed the company’s stock down. to the lowest level in 12 years.
Social media company Snap (SNAP) was beaten, as its shares fell as much as 30% on Friday and fell to a 52-week low in the process, after the company reported quarterly results that Can’t help but disappoint Wall Street.
Meanwhile, Roblox (RBLX). Strong increase in bookings and daily users in September.
FuboTV (FUBO) also had a good week, as its shares rose in response to the streaming TV platform operator’s strong preliminary results for the third quarter, and said it will close its Fubo Gaming business.
Huge income is just the beginning for a technology field like Apple (NASDAQ:AAPL), Microsoft (MSFT), Alphabet (GOOG) (GOOGLE), Meta Platform (META) and Intel (INTC) are among industry leaders that could release quarterly results next week.
And just before the Q4 financial report, Apple (AAPL) introduced a new and less expensive version of it New Apple TV 4K and iPad Streaming Devices.
Twitter (TWTR) made headlines over the weekend as a series of reports sent shockwaves through investors, and potentially Twitter (TWTR) employees too.
Initially, a report late Thursday said that Elon Musk planned to cut 75% of Twitter (TWTR) workforce as he succeeds with a $44 billion acquisition of the social media giant.
That report cut Twitter’s (TWTR) shared on Friday before the company told employees that No such layoffs have been made.
The White House also joined in on Twitter (TWTR) matter as officials said they have said they are not aware of any kind of federal review of Musk’s previous dealings with basis of national security concerns.
And while testing between Musk and Twitter (TWTR) compared to his earlier attempts to get out of a corporate acquisition still underway on October 28, speculation has grown about the methods Musk may have to do to fund the deal.
