Inflation, war, and surging interest rates have pummeled the market of late, especially tech stocks. Netflix (NASDAQ: NFLX) earnings may have shown the consumer pulling back on certain tech purchases -- at least those that are highly discretionary. With investors in a sour mood,
Video-streaming giant Netflix (NASDAQ: NFLX) has suffered at the hands of disappointed investors in 2022. To begin with, the first quarter's early going led to weak subscriber-growth guidance in January's fourth-quarter report. Then, the downturn accelerated during the quarter an
Netflix (NASDAQ: NFLX) gave a number of reasons for its subscriber losses in the first quarter and expectations for even further losses this quarter; not enough connected TVs, password sharing, competition, and the economy all made the list. But the reality of the situation is th
In the stock market, past performance isn't a guarantee of future success. Still, it's worth considering investing in companies with a habit of beating the market. If said company can replicate the formula (or something close to it) that has made it successful in the past, it may
Roku (NASDAQ: ROKU), a leading streaming platform, announced a few weeks ago that it is extending its partnership with the tech giant Amazon (NASDAQ: AMZN). The multiyear partnership will allow customers to stream Amazon Prime and IMDb TV apps on their Roku devices. Although this
Consumers continued to cut the cord in 2021, with approximately 4.7 million Americans saying goodbye to the big bundle. And while the price is still a major concern for many households, especially during this period of heavy inflation, the shift from cable isn't all about money.
Consumer-price-index inflation came in 8.5% higher year over year in March, marking the highest increase in more than 40 years. Perhaps even more concerning, the producer price index showed a record rise of 11.2% in the month -- the highest ever on record. Because it's reasonable
Earnings season is the period of a few weeks during which most companies report quarterly earnings, give updates on the state of the business, and field questions from analysts. Investors love it. It's one of the few times you get both quantitative and qualitative information abo
The dramatic fall of streaming company Roku (NASDAQ: ROKU) continues; shares are now down more than 70% over the past year. Drops this big can be stressful, and investors might wonder what the future holds for the company.
Wall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors.
Investors are hoping a flood of U.S. quarterly reports next week, including those from megacap growth titans, will confirm a solid profit outlook for corporate America and bolster the case for stocks after a rocky start to the year.
Wall Street slumped to a lower close on Friday, ending a whipsaw week of surprise earnings news and increased certainty around aggressive near-term interest rate rises, which also pushed them into negative territory for the week.
Earnings season kicked off with a bang when Netflix (NASDAQ: NFLX) reported its first-quarter results this week. The company's report surprised to the downside, noting subscriber losses for the first time in a long while and offering guidance that the weakness would continue thro
Netflix NFLX remains in the doghouse after coming out with quarterly numbers that have put a question mark over its business model and the outlook for the entire streaming space.The rude shock from the streaming giant has put the spotlight on other Tech leaders that are o
All three Wall Street benchmarks were more than 2% lower on Friday, stumbling towards the end of a week which has seen whipsaw moves caused by surprise earnings news and increased certainty around aggressive near-term interest rate rises.
What happened
As of 12:39 p.m. ET on Friday, shares of Peloton Interactive (NASDAQ: PTON) were down 16.4% week to date, according to data provided by S&P Global Market Intelligence. For context, the S&P 500 index was down 1.6%.
U.S. stocks tumbled on Friday after some weak earnings reports, with growth shares coming under pressure in a torrid week that saw bond yields surge on expectations of interest rate hikes.
U.S. stocks tumbled on Friday after some weak earnings reports, with growth stocks coming under pressure in a torrid week that saw bond yields surge on expectations of interest rate hikes.
Investors saw the stock market begin to cycle out of high-flying tech stocks into more consumer-defensive positions last November as the likelihood of a recession grew. Rampant inflation, rising gas prices, and interest rates poised to rise made stocks that had done especially we