In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Stocks jumped to their highs of the day on news that face-to-face talks between U.S. and Chinese trade negotiators would begin next week.US Marketsread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Check out the companies making headlines after the bell:
Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street's estimates of $4.5 billion, according to Refinitiv estimates.
For the second quarter Netflix expects earnings per share of 55 cents, lower than the 99 cents forecast by analysts.
Netflix added 9.3 million subscribers in the first quarter. Netflix's domestic paid subscriber additions were 1.74 million, topping expectations of 1.61 million, forecast by FactSet. International paid subscriber additions were 7.86 million, compared to the 7.31 million estimated. Netflix's stock recovered most of its loses.
Shares of Sprint plummeted more than 10% and shares of T-mobile fell more than 5% after market close Tuesday following a report that the Sprint and T-mobile deal is facing push-back from the Department of Justice's antitrust staff. The DOJ said the $26 billion merger is unlikely to be approved as currently structured, sources told the Wall Street Journal.
Shares of IBM fell more than 2% after hours Tuesday after posting mixed first-quarter earnings. The computer hardware company earned $2.25 per share, topping estimates of $2.22. Revenue came in at $18.18 billion, lower than the forecast $18.46 billion surveyed by Refinitiv.
Qualcomm shares continued to tick higher after market close Tuesday following its stock surging on news that Qualcomm and Apple have settled their royalty dispute. The settlement includes a six-year license agreement and a payment from Apple to Qualcomm. The settlement ended a trial that was expected to last until May. Qualcomm's stock closed up 23.21%.
United shares jumped more than 3% after hours Tuesday after the airline posted mixed first-quarter earnings. Revenue missed estimates of $9.61 billion, coming in at $9.59 billion. Earnings per share were $1.15, topping estimates of 95 cents, according to Refinitiv. The airline lowered its full-year capacity expectation because of 737 Max issues. United estimates an increase of 4% to 5% instead of 4% to 6%.
Shares of CSX rose more than 4% in extended trading Tuesday following the release of the railroad company's better-than-expected first-quarter earnings. CSX posted earnings per share of $1.02 on revenue of $3.01 billion. Analysts estimated earnings per share of 91 cents on revenue of $3.0 billion, according to Refinitiv.
Interactive Brokers shares ticked a percent higher after hours Tuesday after reporting strong first-quarter earnings. The foreign exchange company earned $558 million in revenue, topping estimates of $505 million. Earnings per share were 64 cents, beating Refinitiv estimates by 11 cents.