The unstoppable machine that is Netflix (NASDAQ:NFLX) finally hit a road-bump. The company added fewer subscribers than expected in the second quarter. That caused NFLX stock, which was up more than 100% year-to-date heading into the report, to drop in a big way.
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NEW YORK, July 18 (Reuters) - * The Toronto Stock Exchange’s S&P/TSX fell 41.84 points, or 0.25 percent, to 16,477.40. * The biggest contributor to the TSX loss was Enbridge, weighing on the index by 5.78 points. Following suit, energy was the top sector drag to the downside, with 54.97 net points. * Leading the index were Detour Gold Corp, up 11.8 percent, Aphria Inc, up 8 percent, and Guyana Goldfields Inc, higher by 6.
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U.S. bank stocks like Bank of America (NYSE:BAC) haven’t had a particularly spectacular 2018. BAC stock, for instance, is up less than 2% so far this year. It’s pulled back about 9% from March highs — and hit a seven-month low in July before rallying.
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In the National Football League, the last twenty yards before the goal line are known as the red zone. This is where some of the grittiest plays can occur. And it’s where the best teams know how to score and prove it over and over. And when you’re in the fourth quarter with the game on the line, being in this red zone is even more challenging.
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Last year, I was vocally bearish on traditional retail giant Walmart (NYSE:WMT). WMT stock was being awarded a growth multiple. But, the company was still growing at a rather anemic rate and was stuck in the low-growth brick-and-mortar retail market. As such, I felt a collapse in Walmart’s valuation and WMT stock was imminent.
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It’s important not to confuse Amazon (NASDAQ:AMZN) with Netflix (NASDAQ:NFLX). The seemingly unstoppable tech darling reported disappointing second quarter numbers, stock dropped roughly 10% and brought the other FANG companies with them. As of this writing, Amazon stock is down just under a percent.
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CNBC's Jim Cramer often says that investors should watch the transportation stocks because they offer valuable insights into a key economic driver: commerce. And last week, things didn't look good.
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Groupon (GRPN - Free Report) made headlines Tuesday after (IBM - Free Report) announced a $167 million lawsuit for violation of four of its e-commerce IPs. The tech giant claims that while Amazon (AMZN - Free Report) , Facebook (FB - Free Report) , and Google (GOOGL - Free Report) each pay between $20 million and $50 million for use of these technologies, Groupon has been using them without permission.
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Intuitive Surgical is experiencing strong operating momentum and positive consensus estimate momentum, and despite its "high" trading multiple we think the stock has upside potential.
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WASHINGTON – Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars.
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Investors in Rite Aid Corporation (RAD - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 20, 2018 $2.00 Put had some of the highest implied volatility of all equity options today.
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So when Thyssenkrupp North America needed help predicting when to service its lifts, it turned to Microsoft Corp (MSFT.O), a partnership that illustrates how Microsoft’s chief executive, Satya Nadella, has leveraged the cloud to grow its own business.
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While Hasbro (NYSE:HAS) has been trying to grind out gains so far this year, it’s been tough sledding over the past 12 months. Hasbro stock is up 3.5% so far in 2018, but down about 17% over the last 12 months. With that said, Hasbro stock may be breaking out, paving the way to more upside.
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Johnson and Johnson (JNJ - Free Report) announced that the FDA has approved Symtuza, a darunavir-based once-daily single-tablet regimen, for the treatment of HIV-1 in treatment-naïve and certain virologically suppressed adults. Each film-coated tablet of Symtuza contains 800 mg of darunavir, 150 mg of cobicistat, 200 mg of emtricitabine and 10 mg of tenofovir alafenamide.
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The Interpublic Group of Companies, Inc. (IPG - Free Report) owned public relations agency, Weber Shandwick, has acquired London-based social creative agency — That Lot — for an undisclosed amount.
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NEW YORK (Reuters) - A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private equity investors in the United States warned at an investment conference on Wednesday.
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