The Q3 earnings season is well underway, with more than 300 companies reporting, including 85 S&P 500 members. Positive trends are emerging, with companies beating EPS and revenue estimates at above-average rates. Aggregate Q3 earnings are on track to reach a new all-time quarterly record.
Key earnings reports this week include Tesla and General Motors. Netflix is expected to report $6.89 per share in earnings, while Tesla is expected to report $0.53 per share. Both companies have significant growth potential in the current market.
One under-the-radar chipmaker is poised to take advantage of the growing demand for data center hardware. Specializing in products that competitors like NVIDIA don’t offer, this company is in a prime position for future growth. Investors should keep an eye on this stock as it enters the spotlight.
Read more at Nasdaq: 3 Key Takeaways From the Q3 Earnings Season So Far
