Archives of “NETFLIX” tag

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NASDAQ closes at a new record.

  
Analysis, US Market
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Major indices close higher

The NASDAQ index close at a another record high. The previous high close came in at 11,210.84. The index close today at 11,264.95. The S&P index traded above its all-time high closing price but could not sustain the gains into the close.
The final numbers are showing:
  • S&P index up 10.69 points or 0.32% at 3385.54. The high price reached 3390.80. The low price extended to 3354.69. The all-time high close was at 3389.78. The index closed just below that level. The all-time intraday high from Wednesday’s trade reach 3399.54.
  • The NASDAQ index closed up 118.49 points or 1.06% at 11264.95. The close was above the previous high close at 11,210.84. Intraday the pair also traded to a new all time high of 11,283.61.
  • the Dow industrial average lagged the other indices but still closed higher by 46.85 points or 0.17% at 27739.73. It’s high price extended to 27781.46 while the low reached 27526.25.

Late day comments from the CDC that the southern states may have reached a peak and the death rate should start to go down next week helped to push the stocks up near the close.

Apple closed with a market capitalization above $2 trillion for the 1st time. It closed at $473.10 up $10.27 or 2.22%. Microsoft rose by 2.33%. Facebook rose by 2.45% cotton Netflix rose by 2.75%, and Alphabet rose by 2.05%.
In the European markets, the major indices all closed over 1% lower on the day with the UK FTSE leading the way with a decline of -1.61%.

US major indices close lower on coronavirus concerns

  
Analysis, US Market
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No records today

The major US indices are closing lower as concerns about the coronavirus worried investors.
  • The S&P index closed down -8.83 points or -0.27% at 33 to 0.79
  • NASDAQ index fell -18.135 points or -0.19% at 9370.80. The high reached 9397.578 (new all-time intraday high. The low reached 9350.20
  • Dow fell -152.06 points or -0.52% at 29196.04. The high reached 29341.21. The low extended to 29146.47
After the close Netflix reported earnings
  • revenues 5.47 billion versus 5.45 billion estimate
  • global net adds 8.76 million versus 7.6 million estimate
  • +550 K subscribers in US and Canada
  • earnings-per-share $1.30 versus $0.52 expected
  • sees first-quarter streaming paid net change of +7.00 million versus 7.82 million estimate
  • sees first-quarter EPS of $1.66 versus $1.16 estimate
Netflix stock is currently trading down $5.37 or -1.59% at $332.74 and after hours trading despite the beat. The subscriber numbers estimate for the 1st quarter is hurting the market even though this quarters global net adds surpassed the estimates by 1.1 million.
Meanwhile IBM reported:
  • earnings of $4.71 versus estimates of $4.69
  • revenues $21.8 billion versus $21.6 billion estimate
  • IBM is currently trading up $6.69 in after-hours trading

Tech Gained $1.7 Trillion in 2017

  
Analysis, Education
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“Between the FAANG quintet and China’s rivaling BAT companies, gains in the world’s top technology shares are nearing a whopping $1.7 trillion in market value this year.
That’s more than Canada’s entire economy, and exceeds the worth of Germany’s biggest 30 companies put together. The eight tech giants — Facebook Inc., Amazon Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc., as well as their Asian peers Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — have amassed as much money in 2017 as Pacific Investment Management Co., one of the world’s biggest fund managers, has done in about 46 years.” (emphasis added)

The chart nearby shows some comparison veresus, DAX, Pimco and Canada!
 
Monster Tech Gains 2017 YTD
click for ginormous graphic

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