After-the-Bell Today
Coach Mark here.
Earnings season is certainly underway and we are getting numerous companies report before and after-the-bell every day. This is the time of year I eagerly look forward to the Halftime Report where my brother Matt breaks down all the numbers. He didn’t have the most enthusiastic response on the podcast this weekend (which you can listen to here) to earnings so far and I am interested to hear his analysis after companies such as D.R. Horton, Johnson & Johnson, 3M, GE, and Verizon have reported over the last 24 hours. We are certainly getting a good cross section of companies reporting this week!
I am also curious to the price response to Netflix after-the-bell today and what it does tomorrow. While the raw numbers will certainly be interesting, what I am curious about is the markets’ reaction to whatever those number may be. Netflix has served as a barometer for market sentiment often in recent years both on the bullish and the bearish side. The market has been hot recently and Netflix is a great “heat check” to see if those animal spirits are alive and kicking.
This is a busy week and we will continue to break it all down with world-class analysis each day on the Halftime Report. Have a fantastic Tuesday!
Chart of the Day: Netflix (NFLX)
Netflix’s pattern is interesting heading into earnings. A month long consolidation pattern heading into a big event. My eyes will certainly be on this chart over the next 24 hours to help determine market sentiment.
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