What to Watch Wednesday: Netflix Takes Earnings Spotlight

For Wednesday October 14, get ready for a busy day as we see a wave of companies showing us their profits for the latest quarter. In the morning, we have bank and financial companies reporting including Wells Fargo (WFC), Bank of America (BAC), and PNC Financial Services Group (PNC). Then, we also get numbers from BlackRock (BLK) and Delta Air Lines (DAL) before the market opens, followed by Netflix (NFLX) after the closing bell. When the video streaming giant releases its third quarter earnings, analysts are calling for $0.08 a share on revenue of $1.75 billion. Additionally, we expect to see lots of economic reports on Tuesday. The morning is hectic with MBA Mortgage Applications due out at 7 a.m. Eastern. Then at 8:30 a.m., we get both retail sales and producer price index. An important one is business inventories, which comes out later that morning. This reflects production activity, and economists are expecting the numbers to be flat in August. Finally, we end the day with the beige book due out at 2 p.m. This is another key report since it shows the summary of current economic conditions. TheStreet’s U-Jin Lee reports in New York.