Author Archives: Scalper1

Facebook, Netflix Plunge Below Critical Support Level

Facebook (FB) and Netflix (NFLX) dropped below key levels intraday in the stock market today as the sell-off intensified. Facebook is due to report its fourth-quarter results next Wednesday. Analysts expect the social media giant’s earnings to jump 26%, a slowdown from the third quarter’s 33% gain. The stock dropped in quick turnover on Wednesday, breaching the key 200-day line for the first time since the flash-crash in August. But as the market

IBM Price Target Cut As Earnings Outlook Disappoints

Analysts lowered their price target on IBM (IBM) after the tech giant reported fourth-quarter earnings after the market close Tuesday, showing its 15th quarter in a row of year-over-year revenue declines. While IBM beat the consensus estimate, its overall guidance for 2016 fell short of estimates, as Big Blue continues to struggle with a major reorganization. In a sharply lower day for equities, IBM was down nearly 6%, sitting near 121, in

5 key takeaways from Netflix’s Q4 earnings report

Netflix (NFLX) impressed Wall Street with its international growth in the fourth quarter, but its U.S. streaming subscriber gains came up short. Netflix stock rose 8% in after-hours trading following its Q4 earnings release late Tuesday. But in early afternoon trading on the stock market today, shares were down 7%, near 100,, amid an overall market sell-off. In Q4, Netflix earned 7 cents a share on sales of $1.823 billion. Analysts polled by