Netflix (NFLX) reports earnings after the closing bell. The stock is up 262% year-to-date and 391% over the past year. The company is expected to post profits of 49-cents a share. That would be nearly quadruple the figure from a year ago on revenue that has likely hit $1.1 billion. Netflix is also expected to reveal that it now has more than 30-million subscribers. That would be more than HBO. The company is now trying to get onto cable systems where it would compete alongside HBO and other premium channels.
Google (GOOG) is poised to open above $1,000 a share for the first time. The stock rose 13.8% on Friday to close at an all-time high of $1,011 a share. The spike gives Google a market cap of $336-billion dollars, third behind only Apple and Exxon Mobile. The climb came after the company reported earnings, beating estimates and demonstrating that it is successfully navigating the massive shift to mobile. Going into this morning's session, Google stock is up 49% year-to-date. By the way our poll question on Friday was whether now's a good time to buy or sell Google. The majority of you said sell.
Texas Instruments (TXN) is another company reporting after the closing bell. Analysts are looking for earnings of 53-cents a share, up a penny from a year ago on revenue that's dipped a little to 3.23-billion. Shares of Texas Instruments are up 26% so far this year.
Wynn Resorts (WYNN) also reports this afternoon Expectations here are for earnings of $1.65 a share up considerably from a year ago on revenue that's climbed to $1.6-billion. Shares of Wynn hit an all-time high on Friday above $170 a share. They're up 45% year-to-date which is in line with other casino stocks like Las Vegas Sands which has climbed 48% also to a multi-year high.