Published on 25 Jul 2022 on ETF.com via Yahoo Finance
The first-quarter earnings season swings into high gear this week, giving investors an opportunity to price stocks based on something other than macroeconomic variables like inflation and interest rates.
So far, the earnings reports from two of the most high-profile stocks, Netflix Inc. and Snap Inc., were a mixed bag. Netflix jumped more than 7% on the back of a report that showed a smaller-than-expected decline in subscribers, while Snap crumbled 39% after it warned that the digital ad market was slowing much more dramatically than many had anticipated.