Top S&P 500 Stocks to Watch This Week: Goldman Sachs, Netflix, GE Aerospace

The S&P 500 Index is slowly nearing its all-time high, and this week will be crucial as the earnings season starts, US-Iran tensions escalate, and the US publishes its consumer and producer inflation reports.

Many companies in the index will publish their financial statements this week.

Some of the top ones to watch will be Goldman Sachs (NYSE: GS ), Netflix (NASDAQ: NFLX ) and GE Aerospace (NYSE: GE ).

Goldman Sachs to Release Strong Earnings Amid Trading and Investment Banking Boom Goldman Sachs stock has jumped by 20% this year and is slowly nearing its all-time high.

This rally will be put to the test this week as it releases its earnings on Tuesday.

These earnings come at a time when the company has taken part in some of the biggest deals this year.

It was a major player in the SpaceX (NASDAQ: SPCX ) IPO, NextEra’s $67 billion merger with Dominion Energy, and Unilever’s sale of its food business to McCormick.

The company will also play a role in future IPOs of companies like OpenAI and Anthropic.

At the same time, its trading business has boomed this year as investors take advantage of the US-Iran war and AI volatility.

Goldman Sachs revenue is expected to come in at $16.4 billion, up by 12.50% from the same period last year.

Its earnings per share are expected to move from $10.9 to $14.54.

In addition to GS, other large American banks like JPMorgan, Citigroup, Bank of America, and Morgan Stanley will also publish their earnings.

Read Also: DRAM ETF Inflows Gains Momentum Despite Memory Chip Risks Netflix in Focus as its Freefall Continues Netflix is another top S&P 500 Index stock to watch this week as it releases its earnings report.

These numbers come at a time when its stock has plunged by over 45% from its all-time high.

Its valuation, as measured by the price-to-earnings ratio has become the cheapest it has been in over four years.

Netflix’s sell-off accelerated during its attempt to acquire Warner Bros.

Discovery.

The decline continued even after the company abandoned the deal.

Since then, investors have become increasingly concerned about its growth trajectory, with quarterly revenue growth slowing to below 15%.

The upcoming earnings report will give the management team a chance to share the plans ahead.

They will also take advantage of the cheap stock price to boost its share repurchase program.

GE Aerospace Earnings to Validate its Valuation GE Aerospace is another top S&P 500 stock to watch this week as it reports earnings.

The results will be closely watched to see whether the company can justify its premium valuation, with the stock trading at a forward price-to-earnings ratio of 43, more than double that of the S&P 500 Index.

The average estimate is that GE’s revenue rose by 16.7% in the second quarter to $11.85 billion.

Its earnings per share are also expected to jump to $1.86 from $1.66.

Some of the other top stocks to watch this week will be BlackRock, BNY, UnitedHealth, Abbott, Travelers, and Intuitive Surgical.

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