Equity Research / Stock Analysis

Tesla Earnings Analysis: Hype in META, Opportunity in NFLX?

Oct 21, 2026 2 min read Bob Desmond
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META, Tesla (TSLA), and SpaceX (SPCX) are grabbing the earnings headlines. So why did I buy the Netflix pullback through NFXL instead?

In this market review, I break down the earnings reactions, valuation concerns, and technical setups behind my latest decisions. A strong earnings report does not automatically make a stock a good buy. The chart still has to earn your capital.

IN THIS VIDEO:
• META: Headline earnings versus adjusted results—and why a stock split alone does not create business value.
• TSLA: Why I’m reluctant to chase Tesla at a demanding valuation.
• SPCX: The potential SpaceX short setup I’m watching as Tesla merger speculation develops.
• NFLX: The historical support behind our short-term Netflix trade through NFXL.
• HE: Hawaiian Electric’s support retest, selling volume, and bond-yield risk.
• MGM: Improving RSI, a possible washout, and what I want to see before buying.
• IBM and TXN: Earnings reactions and broader market participation.
• NKE: Why we booked profits and reduced consumer discretionary exposure.

YOUR CALL: Is Netflix’s pullback the better opportunity—or do META, Tesla, and SpaceX deserve the premium? Tell me which chart you would trade and why.

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Positions reflect the time of recording and may change. Our Netflix trade used NFXL, a leveraged ETF, rather than NFLX common shares. NFXL targets twice NFLX’s DAILY performance; longer-term returns can differ substantially because of compounding. Leverage magnifies losses as well as gains. No SpaceX short position was announced in this video.

Educational market commentary, not personalized investment advice.

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Bob Desmond
About

Bob Desmond

Founder of The Contrarian Trader Operating System. 20+ years of swing trading experience. Focused on structure, discipline & real trader psychology.

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