What to Expect in the Week Ahead (Retail Sales Report and Business Inventories; Earnings From ASML, TSM and Banks)

Among the names reporting next week are $Netflix (NFLX.US)$, $ASML Holding (ASML.US)$, Investment Banks like $Bank of America (BAC.US)$, $Citigroup (C.US)$, $Goldman Sachs (GS.US)$ and of course $Taiwan Semiconductor (TSM.US)$.

$Netflix (NFLX.US)$ is set to release its Q3 2024 earnings report on Thursday, October 17th. As the first among the FAANG stocks to report each quarter, the streaming giant is under close scrutiny. The market anticipates quarterly revenue of $9.77 billion and a net income of $2.23 billion. Earnings per share are expected to be $5.16, a notable increase from $4.88 in Q2. Recently, analysts have raised their expectations for Netflix's EPS estimates, while revenue projections have also seen a slight upward adjustment. However, net income estimates have been slightly revised down by 0.11%.

$Goldman Sachs (GS.US)$ is scheduled to release its earnings on October 15th, as the share price aims to reach new record highs. This announcement follows several banks that reported on Friday to kick off earnings season, with JP Morgan and Wells Fargo surpassing expectations. Analysts anticipate that Goldman Sachs will report earnings per share (EPS) of $7.31 on revenue of $11.79 billion. These results come on the heels of a remarkable 150% increase in profits compared to the same period last year in the second quarter, driven by a surge in its investment banking division. CEO David Solomon remarked that we are in the early stages of a recovery in capital markets and mergers and acquisitions, which bodes well for the investment bank's future prospects.