8:38 am: Investors using better-than-expected earnings to take profits in individual stocks
Wall Street may be using the earnings season to take profits off the table after the market's stunning run to record highs this past one year. Data compiled by Bespoke Investment Group shows stocks have opened higher by an average of 0.62% after a company reports quarterly earnings. However, those stocks decline by an average of 0.56% into market close."We're seeing investors use earnings as a reason to lighten up a bit," Bespoke said in a tweet.
Wall Street analysts largely looked past the weakness and believe Netflix is on the right track to profitability . Goldman Sachs said the company's content investments, distribution partnerships and global positioning should drive subscriber growth "significantly above consensus expectations." Bank of America expects Netflix to be "increasingly dominant overseas" in the next year. Credit Suisse said the set-up is "quite favorable for Netflix heading into 2020," and the subscriber guidance looks "conservative.
. The implied open for the Dow is about 80 to 100 points higher. IBM shares popped more than 4% in the premarket on the back of strong earnings. S&P 500 and Nasdaq 100 futures also pointed to solid gains at the open. Sentiment on Wall Street was lifted amid dissipating concerns over the coronavirus that has swept across China. Chinese authorities have unveiled measures to curb the virus' spreading. President Donald Trump also said the U.S.
OMFG he's wearing a 29,000 hat! Overconfidence people. Overconfidence crashes markets. Lots of fake money out there from the GOPTaxScam and QE. dowjones
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dow futures pull back as stock market stages pause from record-setting riseU.S. stock-index futures headed lower on Tuesday, as investors returned from a holiday, but found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks.
Consulte Mais informação »
IBM set to report earnings after the bellIBM's revenue is expected to decline again, even after it began shipping a new mainframe computer. I have a way to make earnings. Yet nobody wants to listen to me. GodBless CNBCStockMarketNews interested in my stock? I have an excellent pitch just ask my lawyer👼🏻
Consulte Mais informação »
Stocks making the biggest moves after hours: IBM, Netflix, TD Ameritrade & moreCheck out the companies making headlines after hours on Tuesday.
Consulte Mais informação »
How companies like Google and IBM plan to make money from quantum computingHere's how quantum computing works, and how it could change everything from Wall Street to Big Pharma and beyond. Make smart decisions. Why spend 100k in education if it’s only gonna make you 35k a yr? Great Video 👍🏾
Consulte Mais informação »
Tesla crosses $100 billion stock market valuation in extended tradingTesla Inc became the first $100 billion publicly listed U.S. carmaker in extende... Not worth it. Drug cartels move up from Mexico and wherever after they get the guns. That'll be a hoot. that's 100 billion potential repair jobs. A car is still a car, isn't it?
Consulte Mais informação »