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Stock Market Roundup, April 18: NFLX, JNJ, GS, HOG Slump on Earnings

Ryan McQueeney

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 - +27.35%

Growth: OMVJF

Momentum: Spirax-Sarco Engineering SPXSF - +8.06%

VGM: Applied Optoelectronics AAOI - +2.01%

Income: Howden Joinery Group HWDJY - +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 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 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 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 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.

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Netflix, Inc. (NFLX): Free Stock Analysis Report
 
Johnson & Johnson (JNJ): Free Stock Analysis Report
 
HOWDEN JOINERY (HWDJY): Free Stock Analysis Report
 
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
 
Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report
 
Harley-Davidson, Inc. (HOG): Free Stock Analysis Report
 
OMV AG (OMVJF): Free Stock Analysis Report
 
SPIRAX SARCO (SPXSF): Free Stock Analysis Report
 
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