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Stock Market Roundup, Jan 13: FB, NFLX, & TSLA Gain, NTDOY Falls
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Friday the 13th proved to be less-than-spooky for investors today, as stocks had a relatively smooth day on the back of solid gains from tech leaders like Facebook, Netflix, and Tesla.
Nevertheless, some investors were still in the mood to punish companies with disappointing news. Just take a look at Nintendo, which fell nearly 6% after announcing a higher-than-expected debut price point for its new Nintendo Switch console.
Shares of Nintendo (NTDOY - Free Report) fell more nearly 6% on Friday—hitting their lowest point of 2017—following the company’s announcement of the launch details for its new Nintendo Switch console. The device will hit stores on March 3 for a starting price of $299.
Two of the market’s most notable tech companies—social media giant Facebook and video streaming leader Netflix (NFLX - Free Report) —are gaining on Friday, sending both stocks near their 52-week highs. With earnings season approaching quickly, many investors are wondering which of these two is most likely to carry its momentum through its earnings announcement.
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest story: the resolution of Volkswagen’s emission cheating scandal and the start of similar scandal involving Fiat Chrysler . Listen now:
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like a sneak peek at the stocks Zacks experts recommend? Starting today, for the next month, you can follow all of Zacks' private buys and sells in real time. You can track value and momentum stocks, ETFs, stocks under $10, options moves, insider trades, and stocks set to report positive earnings surprises (we've called them with 80%+ accuracy) Click here for all Zacks trades >>
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Stock Market Roundup, Jan 13: FB, NFLX, & TSLA Gain, NTDOY Falls
Friday the 13th proved to be less-than-spooky for investors today, as stocks had a relatively smooth day on the back of solid gains from tech leaders like Facebook, Netflix, and Tesla.
Nevertheless, some investors were still in the mood to punish companies with disappointing news. Just take a look at Nintendo, which fell nearly 6% after announcing a higher-than-expected debut price point for its new Nintendo Switch console.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Eagle Bancorp Montana (EBMT - Free Report) - +5.83%
Growth: Ceragon Networks (CRNT - Free Report) - +6.45%
Momentum: EBMT
VGM: EBMT
Major Indexes
DOW: 19,890.08 / -0.92 / -0.01%
NASDAQ: 5,573.89 / +26.40 / +0.48%
S&P 500: 2,275.63 / +5.19 / +0.23%
Top Headlines
Nintendo Stock Falls On Nintendo Switch Launch Details
Shares of Nintendo (NTDOY - Free Report) fell more nearly 6% on Friday—hitting their lowest point of 2017—following the company’s announcement of the launch details for its new Nintendo Switch console. The device will hit stores on March 3 for a starting price of $299.
Facebook and Netflix Near 52-Week Highs, Should You Buy?
Two of the market’s most notable tech companies—social media giant Facebook and video streaming leader Netflix (NFLX - Free Report) —are gaining on Friday, sending both stocks near their 52-week highs. With earnings season approaching quickly, many investors are wondering which of these two is most likely to carry its momentum through its earnings announcement.
Examining Volkswagen and Fiat Chrysler's Emissions Cheating Scandals
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest story: the resolution of Volkswagen’s emission cheating scandal and the start of similar scandal involving Fiat Chrysler . Listen now:
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like a sneak peek at the stocks Zacks experts recommend? Starting today, for the next month, you can follow all of Zacks' private buys and sells in real time. You can track value and momentum stocks, ETFs, stocks under $10, options moves, insider trades, and stocks set to report positive earnings surprises (we've called them with 80%+ accuracy) Click here for all Zacks trades >>