Stocks to Watch Wednesday: Tesla, Netflix, Mattel -- WSJ

Dow Jones
Oct 22

By WSJ Staff

Netflix $(NFLX)$: Shares of the internet streaming service tumbled more than 7% in premarket trading after it reported earnings below analysts' expectations, citing an expense related to a dispute with Brazilian tax authorities.

Tesla $(TSLA)$: The electric-car maker is set to report earnings after markets close. Shares inched higher premarket.

DraftKings $(DKNG)$: The sportsbook operator, which has come under threat from the entry of Kalshi and other prediction markets into sports betting, said Tuesday that it had bought a federally licensed exchange as part of a new prediction-markets strategy. Shares jumped more than 5% ahead of the opening bell.

Western Alliance $(WAL)$: The Phoenix-based lender, whose shares sold off last week on concerns about its exposure to bad loans, reassured investors on Tuesday when it reported a rise in quarterly profit. Shares gained more than 2% in premarket trading.

Mattel $(MAT)$: The Barbie maker's shares dropped more than 5% ahead of the opening bell following a disappointing earnings report late Tuesday. Mattel's earnings failed to meet analysts' forecasts as tariffs have hurt North American sales.

Barclays $(BCS)$: The U.K. bank's shares rose nearly 4% in London after it announced a share-buyback program and raised guidance for the year.

Heineken (NL:HEIA): The Dutch brewer forecast a decline in full-year beer volumes and and said trade uncertainty had weighed on its U.S. performance. Still, its Amsterdam-listed shares gained.

Hermès International (FR:RMS): Shares of the Birkin bag maker sank more than 4% in Paris after it reported growing sales in the third quarter but fell short of some analysts' revenue expectations. French cosmetics maker L'Oréal also fell on disappointing sales.

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(END) Dow Jones Newswires

October 22, 2025 05:23 ET (09:23 GMT)

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