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%
Momentum: Spirax-Sarco Engineering SPXSF - +8.06%
VGM: Applied Optoelectronics AAOI - +2.01%
Income: Howden Joinery Group HWDJY - +7.84%
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%
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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