Stock market live updates: Dow set to rise, IBM surging, coronavirus effect
Live updates of what's moving the market now. Big IBM gains and easing coronavirus fears are boosting stock futures.rose more than 1% and Delta Air and Southwest all gained slightly in premarket trading. -Fitzgerald 8:38 am: Investors using better-than-expected earnings to take profits in individual stocks Wall Street may be using the earnings season to take profits off the table after the market's stunning run to record highs this past one year. Data compiled by Bespoke Investment Group shows stocks have opened higher by an average of 0.62% after a company reports quarterly earnings. However, those stocks decline by an average of 0.56% into market close."We're seeing investors use earnings as a reason to lighten up a bit," Bespoke said in a tweet.— Imbert Netflix was the first of the so-called FANG stocks to report fourth-quarter results. The streaming giant beat on the top and bottom line, but gave disappointing guidance and posted a miss on domestic subscriber growth. Wall Street analysts largely looked past the weakness and believe Netflix is on the right track to profitability . Goldman Sachs said the company's content investments, distribution partnerships and global positioning should drive subscriber growth "significantly above consensus expectations." Bank of America expects Netflix to be "increasingly dominant overseas" in the next year. Credit Suisse said the set-up is "quite favorable for Netflix heading into 2020," and the subscriber guidance looks "conservative." Shares of Netflix rose more than 1% in premarket trading on Wednesday, after losing as much as 2% Tuesday after the bell following the earnings report.Click here to read more about what every major analyst had to say about Netflix's latest earnings. -Li 8:30 am: Dow set to rise Big IBM gains and easing coronavirus fears are boosting stock futures . The implied open for the Dow is about 80 to 100 points higher. IBM shares popped more than 4% in the premarket on the back of strong earnings. S&P 500 and Nasdaq 100 futures also pointed to solid gains at the open. Sentiment on Wall Street was lifted amid dissipating concerns over the coronavirus that has swept across China. Chinese authorities have unveiled measures to curb the virus' spreading. President Donald Trump also said the U.S. has everything "totally under control" as it relates to the coronavirus. —Imbert Read more: CNBC
OMFG he's wearing a 29,000 hat! Overconfidence people. Overconfidence crashes markets. Lots of fake money out there from the GOPTaxScam and QE. dowjones
Dow futures pull back as stock market stages pause from record-setting riseU.S. stock-index futures headed lower on Tuesday, as investors returned from a holiday, but found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks.
IBM set to report earnings after the bellIBM's revenue is expected to decline again, even after it began shipping a new mainframe computer. I have a way to make earnings. Yet nobody wants to listen to me. GodBless CNBCStockMarketNews interested in my stock? I have an excellent pitch just ask my lawyer👼🏻
Stocks making the biggest moves after hours: IBM, Netflix, TD Ameritrade & moreCheck out the companies making headlines after hours on Tuesday.
How companies like Google and IBM plan to make money from quantum computingHere's how quantum computing works, and how it could change everything from Wall Street to Big Pharma and beyond. Make smart decisions. Why spend 100k in education if it’s only gonna make you 35k a yr? Great Video 👍🏾
IBM forecasts full-year profit above estimates on cloud growthInternational Business Machines Corp forecast full-year profit above market expe... I estimate that I am winning with LinusTech So cloud is finite who will lose share Micro Amazon Google nooooo no one will and the market will keep on going up
Tesla crosses $100 billion stock market valuation in extended tradingTesla Inc became the first $100 billion publicly listed U.S. carmaker in extende... Not worth it. Drug cartels move up from Mexico and wherever after they get the guns. That'll be a hoot. that's 100 billion potential repair jobs. A car is still a car, isn't it?