Breaking News
Get 45% Off 0
Selloff or market correction? Either way, here's what to do next
See Overvalued Stocks

Earnings Results To Flood Wall Street This Week

By Zacks Investment ResearchStock MarketsJan 20, 2020 10:20PM ET
www.investing.com/analysis/earnings-results-to-flood-wall-street-this-week-200500299
Earnings Results To Flood Wall Street This Week
By Zacks Investment Research   |  Jan 20, 2020 10:20PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
US500
-1.76%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
-1.48%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HK50
-0.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NFLX
-0.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Market futures are in the red this Tuesday morning, after a three-day weekend that celebrated Martin Luther King Jr. in the U.S. yesterday. Coming off new all-time highs here at home, fears of a new coronavirus coming out of central China caused Asian markets to sell off overnight. Now domestic traders appear to be following suit.

The death toll from this coronavirus — which originated in the city of Wuhan on the Yangtze River, between Shanghai and Chongqing — has reached 6 as of this morning, with nearly 300 having fallen ill from the virus. Face masks in the region are selling out of stores, as many believe person-to-person contact is how the disease is being spread. Even more on the minds of the Chinese citizenry is the upcoming Lunar New Year celebration later this month; with the holiday marking the busiest travel time of the year in China, fears are the virus could spread throughout the country.

The coronavirus is reminiscent of the SARS epidemic from the early 2000s. It also began as an unknown coronavirus in China, and made its way as far as New York City before it was corralled. This time, the first market sell-offs came for the travel industry stocks in China: hotels, airlines, travel technology, etc. The Shanghai composite fell 1.4% on Tuesday, and the Hang Seng came down 2.8%. In the U.S. we see the Dow down 74 points, the Nasdaq -32 and the S&P 500 -11.

Meanwhile, President Trump meets with some of the wealthiest world and business leaders today at the 50th World Economic Forum in Davos, Switzerland, while at home the U.S. Senate plans to open impeachment hearings against Trump. After today’s market closes, we’ll get our first of the FAANG stocks reporting this quarter: Netflix (NASDAQ:NFLX) . Zacks currently has a #3 ranking on its shares, and expects 51 cents on the bottom line and revenues of $5.44 billion on the top. Netflix has not missed earnings estimates since Q3 2017.



Netflix, Inc. (NFLX): Free Stock Analysis Report

Original post

Zacks Investment Research

Earnings Results To Flood Wall Street This Week
 

Related Articles

Earnings Results To Flood Wall Street This Week

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email