Published January 23, 2014
Netflix Keeps on Streaming and Other #Stocks2Watch
#Stocks2Watch: Netflix Keeps Streaming
Netflix shares surged on Thursday after the video-streaming service revealed much better-than-expected quarterly results.
Analysts at Cantor Fitzgerald called Netflix's quarterly results 'impressive.' The video streaming service unveiled better-than-expected profits and considerably stronger subscriber growth than Wall Street forecast. The shares are soaring close to 15% in pre-market action.
EBay's tepid first-quarter profit and sales view was overshadowed by news billionaire investor Carl Icahn has bought slightly less than 1% of the company and has proposed a plan to spin off its lucrative PayPal division. The shares are up roughly 3% in choppy pre-market action.
Southwest Airlines [LUV]
Wall Street fell in LUV with Southwest Airlines' upbeat fourth-quarter profits. The share are zipping higher by 4% in pre-market action.
Arias Pharmaceuticals [ARIA]
Shares are Ariad Pharmaceuticals are roaring higher by 9% in heavy pre-market trading. It wasn't immediately clear what was driving shares of the firm that focuses on the development of cancer drugs.
McDonald's revealed mixed fourth-quarter results, with revenue growth that trailed expectations. Shares of the world's biggest burger chain slumped 0.6% in early action.