NEW YORK (CNNMoney) -- With 180 members of the S&P 500 reporting this week, earnings continue to be a major driving force of market's action.
Baidu (BIDU) beat earnings and guided above consensus for the 7th consecutive quarter. The shares of the so called "Chinese Google" advanced 5% to a new all-time high.
Netflix (NFLX) slid 10% after admitting that it expects deceleration in subscribers' growth. Despite the drop, it is still among the best performing stocks for the past year. It's up over 140%.
In other news, Radioshack (RSH, Fortune 500) spiked 20% despite falling short on both earnings and sales estimates. But the electronics retail chain announced a deal with Verizon (VZ, Fortune 500) and that excited investors.
These are some of the themes discussed on StockTwits Tuesday:
MercenaryMike - $BIDU working on social networking platform. Is this "game over" for $RENN?
firstadopter - $BIDU is only up 16Xs in last 2.5 years. SICK!
EddyElfenbein - $NFLX has fallen ALL THE WAY back to where it was about a month ago.
bryanpatton - @TMTanalyst I have no position in $NFLX, but I don't see how they are going to alter their subscriber churn, it may only get worse
DynamicDividend - Radioshack Finds a Catalyst in Verizon: http://stk.ly/nm9DlZ / $RSH finally gets some attention thanks to $VZ deal, despite ugly Q2 results.
Brysapp - $RSH up 16% on top and bottom miss, announcement to sell $VZ products. Will prepaid wireless really generate that much business for them?
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
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