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Luke Kawa

Here’s how much traders think Google and Tesla are poised to move after earnings

Earnings season really heats up this week, and the highest-profile events on the calendar come when two of the Magnificent 7, Alphabet and Tesla, report after the market closes on Wednesday.

The options-implied post-earnings move for Tesla is about plus or minus 6%. Shares moved less than that on the heels of its previous two releases, but more than than twice as much in the four prior to those! Since Q2 2014, shares of Tesla have moved plus or minus 7.2% in the session following the release of quarterly earnings.

Shares of Alphabet, the parent company of Google, are poised to swing plus or minus 5.3% on earnings versus an average move of plus or minus 4.8% over the past decade and change.

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Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close, as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after-hours trading on Thursday following the announcement.

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