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HomeStocks in FocusNetflix Lights Up the Week with Strong Subscriptions, While Tesla and Humana...

Netflix Lights Up the Week with Strong Subscriptions, While Tesla and Humana Face Setbacks.

Recap of the earnings reports


Netflix rises 10% on excellent subscriber figures and guidance.
After reporting greater Q4 subscriber growth than experts expected, Netflix (NASDAQ:NFLX) shares rose 10% on Wednesday.

The streaming platform added 13.12 million subscribers in the quarter, a 71% rise from the previous year and considerably exceeding analyst projections of 8.9M.

Analysts were surprised by the company’s 12% revenue growth to $8.83 billion. Netflix raised its full-year operating margin target to 24% from 22%-23% in a shareholder letter, expressing confidence in its business health. Annual sales growth is expected to be “healthy double-digit”.

Tesla falls 12% after Q4 shortfall and weaker sales warning.
Tesla (NASDAQ:TSLA) shares plunged 12% on Thursday after its Q4 earnings report below analyst estimates. Electric vehicle manufacturer announced Q4 EPS of $0.71, compared to consensus estimate of $0.73. The quarterly revenue of $25.17B was below the consensus expectation of $25.61B.

Tesla’s forecast for “notably lower” sales growth in 2024 exacerbated the market reaction. This estimate comes amid rising electric vehicle competition and falling demand from budget-conscious automobile purchasers. This despite prior price cuts that hurt profit margins and worried investors in the world’s most valuable automaker.

IBM shares rise 9% after Q4 beat and positive outlook.
International Business Machines (NYSE:IBM) shares rose 9% on Thursday after the company reported better-than-expected Q4 results and full-year outlook due to strong demand for its IT software and consultancy services, particularly from AI-integrated businesses.

IBM beat the average estimate of $3.77 with Q4 EPS of $3.87. The quarter’s sales was $17.38B, exceeding the consensus projection of $17.23B.

IBM expects a $12B fiscal year free cash flow, above the average expectation of $10.92B. IBM expects revenue growth of 4-6% in 2024, exceeding consensus projections of 3%.

Humana shares fall after Q4 shortfall and poor forecast.
Humana’s (NYSE:HUM) stock fell nearly 11% on Thursday after the health insurer announced a 2024 profit outlook below market forecasts. Due to rising Medicare Advantage expenses for older persons in 2024, this slump is expected to continue.

Humana expects adjusted EPS of $16.00 in 2024, below the consensus expectation of $26.09.

Humana reported EPS of ($0.11) in its fourth quarter, below analysts’ forecasts of $2.15. The company’s quarterly sales was $26.46B, exceeding the consensus expectation of $25.6B.

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Airbnb suffers as a result of KeyBanc’s downgrade 

Airbnb (NASDAQ:ABNB) shares were down nearly 3% in premarket trading Tuesday after KeyBanc downgraded the business from Overweight to Sector Weight.  

Following the split, WK Kellogg began at Sell. 

Following the conclusion of Kellogg Company’s (NYSE:K) spinoff of its North American cereal division into the WK Kellogg standalone entity, Goldman Sachs commenced coverage on WK Kellogg (NYSE:KLG) with a Sell rating and a price target of $11.00. 

WK Kellogg’s stock dropped significantly on the first day after the spinoff, closing more than 9% down on Monday.  

Nortfolk Southern and Bread Financial have been downgraded. 

Norfolk Southern (NYSE:NSC) shares fell more than 2% on Monday after BofA Securities downgraded the firm to Neutral from Buy and reduced its price objective to $215.00 from $266.00, citing operational difficulties and excessive costs.  

Bread Financial (NYSE:BFH) has been downgraded to Sell from Neutral by Goldman Sachs, with a $32 price target. As a result, shares dropped about 2% on Monday. 

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ell suffers as a result of a downgrade by Barclays.
Dell Technologies (NYSE:DELL) shares tumbled 3% before the bell on Thursday after Barclays downgraded the firm to Underweight from Equalweight, with a $53.00 price target.

Cloudflare began at Underperform.
Cloudflare (NYSE:NET) has been added to BofA Securities’ coverage with an Underperform rating and a $52.00 price objective.

Crocs (NASDAQ:CROX) shares were down more than 2% in pre-market trading today after B.Riley downgraded the firm to Neutral from Buy and reduced its price objective to $101.00 from $125.00.

Verint Systems (NASDAQ:VRNT) was downgraded from Outperform to Perform by Oppenheimer.
Following the company’s announced Q2 EPS and sales misses, as well as dismal full-year forecasts, shares fell more than 17% pre-market today.

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