Netflix's earnings report toppled estimates thanks to huge streaming numbers
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| | 4/22/2020 | |
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Stock Futures in Rally-Mode as Black Gold Steadies | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are signaling a rally this morning, taking cues from stabilizing oil prices. With the May contract now expired, June-dated crude futures have come off their 21-year low of $6.50, and were last seen at $11.25 per barrel. There's also optimism out of Washington D.C., after Congress last night approved a $484 billion coronavirus relief package focused on small businesses, hospitals, and testing efforts. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also pointing to strong gains at the open, as investors unpack a blowout earnings report from Netflix (NFLX). The FAANG name's new subscribers more than doubled estimates amid the widespread stay-at-home orders. Continue reading for more on today's market, including: - Schaeffer's Senior Quantitative Analyst Rocky White broke down the best SPX stocks since the February top.
- Coca-Cola stock took a post-earnings breather.
- Plus, Delta Air Lines climbs post-earnings; Chipotle touts online sales; and Chevron ordered out of Venezuela.
| >> Continue reading... | |
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