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Stock Market Roundup, April 18: NFLX, JNJ, GS, HOG Slump on Earnings
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While Monday’s rally was an encouraging start to the week, stocks fell on Tuesday after a fresh wave of mixed results made the investors’ outlook for the current earnings season a little less optimistic.
Big names like Netflix, Johnson & Johnson, and Harley-Davidson slumped as their so-so results disappointed investors, while investment banking giant Goldman Sachs was punished for missing earnings expectations despite a strong showing from the rest of the industry.
While Netflix (NFLX - Free Report) will likely champion its strong earnings and revenue growth, its membership numbers missed company guidance and fell short of the highly-anticipated 100 million subscriber threshold.
Shares of Johnson & Johnson (JNJ - Free Report) slid nearly 3.5% in morning trading Tuesday after the pharma giant’s first-quarter earnings results were met with mixed reactions from investors. As the sell-off continues, investors focused on large-cap pharma companies may want to move their money into stronger options this earnings season.
On Tuesday, shares of American motorcycle manufacturer Harley-Davidson (HOG - Free Report) are falling, down about 4% in morning trading after the company reported first-quarter fiscal 2017 financial results.
Shares of Goldman Sachs (GS - Free Report) were down more than 4.8% through early afternoon trading hours Tuesday after the company reported disappointing first-quarter results. Try these bank stocks instead.
Sell These Stocks. Now.
Just released: today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>
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Stock Market Roundup, April 18: NFLX, JNJ, GS, HOG Slump on Earnings
While Monday’s rally was an encouraging start to the week, stocks fell on Tuesday after a fresh wave of mixed results made the investors’ outlook for the current earnings season a little less optimistic.
Big names like Netflix, Johnson & Johnson, and Harley-Davidson slumped as their so-so results disappointed investors, while investment banking giant Goldman Sachs was punished for missing earnings expectations despite a strong showing from the rest of the industry.
Zacks Rank #1 (Strong Buy) Top Movers
Value: OMV AG (OMVJF - Free Report) - +27.35%
Growth: OMVJF
Momentum: Spirax-Sarco Engineering (SPXSF - Free Report) - +8.06%
VGM: Applied Optoelectronics (AAOI - Free Report) - +2.01%
Income: Howden Joinery Group (HWDJY - Free Report) - +7.84%
Major Indexes
DOW: 20,530.67 / -106.25 / -0.52%
NASDAQ: 5,850.84 / -5.95 / -0.10%
S&P 500: 2,343.48 / -5.53 / -0.24%
Top Headlines
Netflix Reaches 98.75 Million Members
While Netflix (NFLX - Free Report) will likely champion its strong earnings and revenue growth, its membership numbers missed company guidance and fell short of the highly-anticipated 100 million subscriber threshold.
After Johnson & Johnson Earnings, Buy These Pharma Stocks
Shares of Johnson & Johnson (JNJ - Free Report) slid nearly 3.5% in morning trading Tuesday after the pharma giant’s first-quarter earnings results were met with mixed reactions from investors. As the sell-off continues, investors focused on large-cap pharma companies may want to move their money into stronger options this earnings season.
This is Why Harley-Davidson Stock is Falling After Earnings
On Tuesday, shares of American motorcycle manufacturer Harley-Davidson (HOG - Free Report) are falling, down about 4% in morning trading after the company reported first-quarter fiscal 2017 financial results.
Forget Goldman Sachs, Buy These Bank Stocks Instead
Shares of Goldman Sachs (GS - Free Report) were down more than 4.8% through early afternoon trading hours Tuesday after the company reported disappointing first-quarter results. Try these bank stocks instead.
Sell These Stocks. Now.
Just released: today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>