Beat the Street: Tesla; Netflix; Procter & Gamble; Middle East tensions lift oil; safe havens

(Video Transcript Summary)

Investors seek refuge

In this video, Angeline Ong talks about the current events that are affecting the stock market. She says there is caution on Wall Street because of factors like the earnings reports, tensions in the Middle East and the trade dispute between the US and China over computer chips.

Ong explains that these events are making investors nervous and they are closely watching oil prices and safe investments.

Tesla is expected to make more money this year, but there are concerns about how much profit they will actually make because they have been reducing their prices. Netflix is doing well financially because they raised their prices and made updates to their subscription plans.

Ong also talks about the recent news related to building permits and housing stocks, noting that the recent events in the Middle East have added uncertainty to the market, but despite that, the Dow Jones Industrial Average is doing relatively well.

Dow Jones on the up

IG financial analyst Axel Rudolph explains that the Dow Jones has gone up above a certain level, which is seen as a positive sign.

Several companies release earnings, including Procter & Gamble, Abbott Laboratories and United Airlines. Procter & Gamble and Abbott Laboratories both made more money than expected, while United Airlines is predicting lower earnings because they are spending more money.

Tesla, Netflix ready to report

The discussion then turns to Tesla and Netflix and their upcoming earnings reports. Ong highlights that Tesla's earnings may be lower, but what is more important to investors is the company's profit margins and how many cars they will deliver. She also mentions the potential impact on Netflix's bottom line if they start cracking down on people sharing passwords.

Finally, Ong talks about the US-China chip controversy and brings in Anthony Ginsberg, a guest who is an expert in technology investments. Ginsberg believes that the world is becoming less connected, with China and the West dividing the internet. He also discusses a law passed by President Biden, which will give money to US chip manufacturers.

Ong wraps up the video by giving updates on Alcoa's earnings report, gold prices and oil prices, noting that Wall Street is starting the day cautiously.