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NEWS
Market Mixed As Investors Eye “Mag 7” Earnings

This market remains all about earnings, with investors and traders both looking for catalysts to move their favorite individual stocks and sectors. A significant portion of the “Magnificent 7” stocks will report in the next few weeks, so all eyes are temporarily shifting away from the Fed and toward fundamentals. 👀

Today's issue covers Netflix’s positive print, two stocks soaring to new highs on earnings, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 4 of 11 sectors closed green, with energy (+0.48%) leading and utilities (-0.89%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $SNA, $TRV, $MBLY, $PSTG, $AU, 📉 $DUO, $AFRM, $CSX, $CNC, $NRG*

*If you’re a business and want to access this data via our API, email us.

EARNINGS
Investors Give A “Thumbs Up” To Netflix Results 👍

Netflix tops the list of media companies investors pay attention to each earnings season as it provides a critical update on the global streaming environment, content costs, and the ability to monetize customers via paid and ad-supported methods. 📺

Netflix shares had pulled back from all-time highs ahead of its results, but with the company surpassing estimates for its key metrics, they’re regaining some ground in the after-hours session.

Its 5.1 million subscriber additions brought the total to 282.7 million, topping estimates slightly. Ad-tier membership rose 35% QoQ, and management said it will roll out to Canada this quarter and more broadly in 2025. However, given the small base and 200 billion hours of content to build ad inventory around, it does not expect advertising to become a primary growth driver until 2026. 🗓️

During the conference call (which thousands of people listened to live on Stocktwits), management harped on the company’s commitment to quality and strong balance sheet as Netflix’s key differentiator for its peers.

While legacy media companies turn to bundling and discounting to drive market share and engagement, Netflix expects its focus on offering the most value at the lowest possible cost to reign supreme.

Traders expect the momentum to continue tomorrow as shares rise 5% in after-hours trading. However, investors were unimpressed by the lack of material business updates and questioned the stock’s ability to continue higher, leaving Stocktwits community sentiment in ‘neutral’ territory as the debate rages on. ⚔️

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