"You could see an easy bounce back up to that $310 level," Guy Adami of Private Advisor Group says after Amazon misses on earnings.» Read More
Mark Mahaney, RBC Capital Markets, explains why he downgraded eBay to hold, and would buy Netflix at current levels.
Netflix Inc. shares sank Thursday on slower subscriber growth and fears of increased competition ahead. Netflix added 3 million worldwide subscribers during the three months ending in September. In the U.S., Netflix added about 1 million subscribers, missing the target of 1.3 million.
The Dow Jones industrial average was down 77 points, or 0.5 percent, to 16,067 as of 11:54 11:31 a.m. Eastern time Thursday. The latest swings in the market reflect a surge in volatility as investors worry that global growth with slow and that Europe could slip into another recession. Netflix plunged 22 percent after the company's subscriber growth fell short...
*Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. Adding to the positive tone, St. Louis Federal Reserve Bank President James Bullard told Bloomberg television the U.S. central bank may want to keep up its bond buying stimulus for now given a drop in inflation expectations.
Netflix CEO Reed Hastings defended the company's weaker than expected subscriber growth in Q3. Hastings also addressed competition with HBO. CNBC's Julia Boorstin reports
CNBC's Julia Boorstin spoke to Netflix CEO Reed Hastings after the company beat earnings estimates, but reported lower than expected subscriber additions.
*Netflix tumbles after quarterly results. *Goldman Sachs falls after earnings. NEW YORK, Oct 16- U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.
NEW YORK— CBS is jumping on the cord-cutting bandwagon, launching a stand-alone digital streaming service for $5.99 a month that will offer subscribers access to its current and older shows. Subscriptions to the service will include the ability to stream CBS stations live in 14 markets and watch previous seasons of current shows as well as older shows from...
France's CAC-40 dropped 2 percent and Germany's DAX declined 1.5 percent. In the U.S., Netflix plunged 26 percent after the company's subscriber growth fell short of the company's forecasts after a rate increase. U.S. crude declines $1.43 to $80.34 a barrel in New York.
Investors in Netflix Inc will need patience to reap the rewards of a costly push into original content and international markets, analysts said.
*Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 28.7 percent to $6.28 in premarket.
CNBC's David Faber and Jim Cramer discuss the outlook for Netflix after reporting slower-than-expected Q3 subscriber growth.
Oct 16- Investors in Netflix Inc will need patience to reap the rewards of a costly push into original content and international markets, analysts said, as slower subscription growth triggered a sharp drop in the company's stock. Netflix shares were set to open down 25 percent, enough to erase about $7 billion of the company's market value, after fewer new...
Some of the names on the move ahead of the open.
*Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 23.8 percent to $6.04 in premarket.
*Netflix tumbles in premarket after quarterly results. NEW YORK, Oct 16- U.S. stock index futures tumbled on Thursday, after the S&P 500 closed at its lowest in six months, amid concerns about weak global demand and its potential impact on the U.S. economy and businesses. Netflix shares shares plunged 25.9 percent to $332.40 in premarket after it reported quarterly...
Daniel Ernst, Hudson Square Research, provides his outlook on Netflix and its competition with HBO.
After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.
Then there are the many geopolitical uncertainties, from conflicts in Syria and Iraq and uncertainty over the impact of the outbreak of the Ebola virus. "The sailing has been much too smooth, so going forward, at the very least, back to normal turbulence," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank. "We had some positive economic...
BOSTON, Oct 16- Some of Wall Street's biggest names are licking their wounds as October lives up to its reputation as one of the market's roughest months. Morgan Stanley strategists said this week that their model portfolio through Monday had trailed the S&P by 3.6 percentage points due to bad bets on technology stocks, including GT Advanced Technologies, the...