Stock Futures Rise Ahead of Inflation Data
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Truist Lifts Meta Platforms Stock Price Target, Stifel Reaffirms Buy Rating Ahead of Q3 Earnings
Social media giant Meta Platforms ($META) is scheduled to announce its third-quarter results on October 29. Ahead of the Q3 earnings, Truist
The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day policy meeting.
The current consensus predicts earnings of $1.22 per share on revenue of $5.23 billion. This is in comparison to figures from a year ago of $1.28 per
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $124,300 or around 10,000 shares. For a more modest $100 per month or $1,200 per year, you would need $24,860 or around 2,000 shares.
Looking ahead, the company expects momentum to continue. Netflix guided for 2025 revenue of roughly $45.1 billion, or about 16% growth. However, it reduced its 2025 operating margin outlook to about 29%, down from 30% previously, reflecting the Brazil expense.
Nevertheless, profit margins may experience slight pressure due to escalating energy, labor, and input expenses, alongside persistent inflation in mining
Following the news, SLMT shares jumped 46% during early U.S. market hours on Oct. 23, outperforming crypto stocks such as Circle (NASDAQ: CRCL) and Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN). At the time of writing, the stock traded around $12.44. At the time of writing, SLMT was trading at $12.44.