On the earnings front, Netflix reported mixed second-quarter results on July 16 and issued third-quarter guidance below estimates. The streaming platform reported second-quarter revenue of $12.56 billion, up 13% year-over-year.
Paramount is framing Netflix’s opposition as self-interested competitive maneuvering, while pushing back against labor groups’ concerns that the deal could hurt Hollywood workers.
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Kevin Simpson, Capital Wealth Planning founder and CIO, picked Amazon.com, Inc. (NASDAQ: AMZN ).
Lending support to his choice, Amazon, on July 30, reported second-quarter revenue of $200.61 billion, beating the consensus estimate of $196.46 billion, according to Benzinga Pro. The company posted second-quarter earnings of $5.75 per share, beating analyst estimates of $1.82 per share.
Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, said Amcor plc (NYSE: AMCR ) has a 5.4% yield.
Amcor will announce its fiscal 2026 fourth quarter earnings before the opening bell on Wednesday, Aug. 12. Analysts expect the company to report quarterly earnings of $1.19 per share on revenue of $6.08 billion.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, recommended The Estée Lauder Companies Inc. (NYSE: EL ).
Jefferies analyst Sydney Wagner, on July 28, maintained Estee Lauder with a Hold rating and raised the price target from $80 to $88.
Price Action
Netflix shares gained 0.6% to close at $74.14 on Friday. Amazon shares gained 0.8% to settle at $274.48 during the session. Amcor shares rose 1.7% to close at $47.86 on Friday. Estée Lauder shares gained 3.4% to settle at $88.35.Photo via Shutterstock
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