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Stock Market Roundup, Jan 19: NFLX Gains Despite Market Slump
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Stocks slipped on the eve of President-elect Donald Trump’s inauguration as investors appear unsatisfied with the solid earnings announcements from the banking industry this week. As earnings season continues to heat up, perhaps caution will be the theme.
Nevertheless, it was a big day for Netflix. The stock gained more than 4.4% after the release of its fourth-quarter financial results, which highlighted the success of its global expansion and underscored the worldwide popularity of its original content.
Netflix (NFLX - Free Report) posted earnings of $0.15 cents per share, beating our Zacks Consensus Estimate of $0.13 per share. The company saw revenue figures of $2.47 billion, matching our estimate of $2.467 billion. However, it was its impressive subscriber growth that stole the headlines.
Overall, Netflix added 7.05 million net new members in the quarter, surpassing its own expectations of 5.20 million. That figure includes 1.93 million new members in the U.S., exceeding the company’s forecast of 1.45 million. Most importantly, international membership grew by 5.12 million in the quarter, which significantly outperformed its forecasted 3.75 million international adds.
Whether it’s eating a gooey, chocolatey brownie or taking a few hits off a freshly rolled joint, it’s common knowledge that a lot of people like to get high. Many investors, however, have yet to “light up.” Some hesitate from adding marijuana stocks to their portfolio on apprehensions that pot companies are involved in scams or that it’s still deemed illegal by the federal government.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>
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Stock Market Roundup, Jan 19: NFLX Gains Despite Market Slump
Stocks slipped on the eve of President-elect Donald Trump’s inauguration as investors appear unsatisfied with the solid earnings announcements from the banking industry this week. As earnings season continues to heat up, perhaps caution will be the theme.
Nevertheless, it was a big day for Netflix. The stock gained more than 4.4% after the release of its fourth-quarter financial results, which highlighted the success of its global expansion and underscored the worldwide popularity of its original content.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Anhui Conch Cement (AHCHY - Free Report) - +3.99%
Growth: Finisar Corp. - +7.43%
Momentum: Fibria Celulose - +4.89%
VGM: AHCHY
Major Indexes
DOW: 19,729.75 / -74.97 / -0.38%
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Top Headlines
Netflix Stock Climbs on Fourth Quarter Earnings Beat
Netflix (NFLX - Free Report) posted earnings of $0.15 cents per share, beating our Zacks Consensus Estimate of $0.13 per share. The company saw revenue figures of $2.47 billion, matching our estimate of $2.467 billion. However, it was its impressive subscriber growth that stole the headlines.
Netflix Earnings: How International Original Content Is Driving Growth
Overall, Netflix added 7.05 million net new members in the quarter, surpassing its own expectations of 5.20 million. That figure includes 1.93 million new members in the U.S., exceeding the company’s forecast of 1.45 million. Most importantly, international membership grew by 5.12 million in the quarter, which significantly outperformed its forecasted 3.75 million international adds.
4 Best Marijuana Stocks to Play the Green Rush
Whether it’s eating a gooey, chocolatey brownie or taking a few hits off a freshly rolled joint, it’s common knowledge that a lot of people like to get high. Many investors, however, have yet to “light up.” Some hesitate from adding marijuana stocks to their portfolio on apprehensions that pot companies are involved in scams or that it’s still deemed illegal by the federal government.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>