Futures slid following Tuesday’s positive trading session as investors brace for more earnings news — and more in Wednesday’s stock market recap.
Streaming giant Netflix jumped 6% in premarket trading after reporting a subscriber loss of 970,000, less than the 2 million projected.
While the company’s revenue came in under estimates, it reported better-than-expected earnings.
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While Netflix’s report was one of the most anticipated, several other heavy hitters are coming up this week, with Tesla and United Airlines reporting Wednesday, American Airlines on Thursday and Twitter on Friday.
In this morning’s stock market recap video, I’ll reveal why sector rotation is confusing right now… the top breakout sector and why… which sectors are consolidating and what to expect next… the top stock to buy in a strong earnings-growth area… the bottom stock to sell with a horrible long-term trend… plus an update on volatility and the bond market.
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The major indexes closed up on Wednesday afternoon, and looked set to open lower Thursday. This speaks to a pattern I’ve noticed with the last four or five big reports…
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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