Earnings
Netflix, UnitedHealth, and Abbott anchor a heavy earnings day
Big reports land today, with Netflix already under pressure and several major names still due.
Earnings are front and center. Netflix stock falls as earnings forecast disappoints, and the company says it will give fewer engagement updates. CNBC says investors are watching ad-supported growth, engagement metrics, and M&A considerations.
UnitedHealth blows past estimates and hikes its earnings outlook as it reins in costs. Abbott is also on the schedule today, with an estimate of 1.2922 EPS on 12622215137 in revenue, alongside GE, U.S. Bancorp, State Street, ManpowerGroup, and a long list of other reporters.
The earnings tape is already moving stocks. ABT is up 10.7% in the marketwide list, while MAN jumps 32.4%. On the downside, INTC falls 5.8% and ORCL loses 6.3% in the watchlist, while the marketwide losers list also includes MaxLinear, AST SpaceMobile, and others with double-digit declines.
The next stretch of reports matters because the calendar stays packed. For now, the headline is simple: this is a heavy earnings day, and traders are already rewarding some names while punishing others.