Everything I know about the Blue Jays comes from my husband’s dramatic play-by-play: talking me through pitching depth, reliever availability and something about hot bats. With that level of passion, I’m shocked they haven’t called him up for advice. Then again, despite all his bold predictions, he’s 0-for-4 on calling the final score.
Earnings season starts to pick up and could be a welcome distraction from the current anxieties around credit quality in the banking sector. This week, 88 companies on the S&P 500 and nine companies on the Toronto Stock Exchange will report. Here are some notable earnings to watch.
K-pop: Netflix NFLX-Q is set to report Tuesday after the bell. And after the sensation that is KPop Demon Hunters swept the globe, analysts are expecting the streaming service to post its fastest sales growth in more than four years.
The animated film about a Korean girl group, which is dominating TV ratings and music charts alike, broke records with its release on Netflix, notching 325 million views (100 million of which were in my household). Netflix had a great run to start 2025, but the stock has flatlined over the last three months – signalling that investors might be waiting to see just how much “pop” KPop added to the quarter.
Vroom vroom: Tesla TSLA-Q reports Wednesday after the bell and analysts are expecting the best sales growth in three quarters. In fact, if it delivers, it will be a record for sales in the quarter. While profit is expected to be down 16 per cent, sales benefited from a pull forward of demand as EV tax credits expired in the U.S. The focus will be on fully self-driving cars and robotaxis as the company is closer than ever to deploying its fleet.
“We believe Tesla could reach a US$2-trillion market cap in early 2026 in a bull case scenario and US$3-trillion by the end of 2026, as full-scale volume production begins of the autonomous and robotics roadmap,” wrote Dan Ives, analyst at Wedbush Securities.
Trillions is the world we are living in and don’t forget that if Elon Musk takes Tesla there, he could earn a US$1-trillion compensation package just for himself. The package unlocks, in part, if Mr. Musk is able to take Tesla from US$1.4-trillion to US$8.5-trillion in market value. Last week, proxy adviser ISS recommended shareholders vote against the pay package, but that was its recommendation in 2018 when three-quarters of investors voted for it anyway.
Goldfinger: Newmont Corporation NGT-T has been one of the best performing gold stocks, outperforming peers and bullion so far in 2025 and trading near a record high. The world’s largest gold miner will report results and investors are expecting to see the benefits of high gold prices with a 46-per-cent jump in free cash and 74-per-cent increase in profit.
Newmont recently announced a new chief executive officer. RBC Capital Markets analyst Josh Wolfson says the status of its leadership and the hiring of a chief financial officer will be a key focus in the quarter.
Please hold: Rogers RCI-B-T will be one of the standout Canadian earnings stories with the telco reporting on Thursday morning. The stock has caught a nice bid recently, up 60 per cent from its March low outperforming peers. Less immigration has stymied growth in the wireless unit, but price competition among the carriers seems to be abating.
Rogers is also expected to show the benefit of its full stake in Maple Leaf Sports and Entertainment, with the media unit’s revenue poised to grow 17 per cent, according to analyst estimates.
Inflation: Statistics Canada will release the latest Consumer Price Index data on Tuesday morning. Inflation is expected to advance to 2.2 per cent, the first reading above 2 per cent since March. Core inflation is expected to remain sticky at around 3 per cent.
“The Bank of Canada needs to see signs that underlying inflation is slowing for a follow-up rate cut at the Oct. 29 policy announcement,” wrote Bank of Montreal’s Canadian rates and macro strategist Benjamin Reitzes.
As for the U.S., we will get a delayed reading of inflation for September just in time for the U.S. Federal Reserve’s interest rate decision next week.
In the Money with Amber Kanwar is Canada’s top investing podcast. New episodes out Tuesday and Thursday. Subscribe now! www.inthemoneypod.com
Editor’s note: This story has been updated to reflect that the delayed U.S. inflation reading would be released this week.