Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
It felt like it's the same story everyday.
And that's probably what the bear market looks like....making everyone run and too afraid to invest.
I felt that the picture below as captured from Microsoft's Money app described the current market in a very simple and clear manner.
The oil rallied but this time, another bad news. Apparently, disappointing services data raised the risk that weakness in manufacturing is spreading.
The Standard & Poor’s 500 Index fell a third day after data showed service industries expanded at the slowest pace in nearly two years. Banks led losses in America and dragged European equities to a third day of declines. The dollar plunged to a three-month low versus the euro.
The plunge happens even as the oil market rallies.
The S&P 500 fell 1.2 percent at 11:08 a.m. in New York, headed for a third straight drop after a 1.9 percent slide Tuesday. The index is looking for its first gain in February following a 5.1 percent drop last month that delivered the weakest start to a year since 2009.
Financial firms in the S&P 500 plunged 2.2 percent, bringing the loss this year past 13 percent. Legg Mason Inc. and Charles Schwab Corp. have lost more than 29 percent to pace declines, while investment bank Morgan Stanley is down 25 percent.
The Stoxx Europe 600 Index fell 2 percent, trimming losses of more than 1 percent as miners and real-estate companies paced gains. Italian banks slumped, as Banca Popolare di Milano Scarl, Banco Popolare Societa Cooperativa and Banca Monte dei Paschi di Siena SpA fell more than 5 percent.
The Hang Seng China Enterprises Index retreated 2.5 percent while the Shanghai Composite Index ended the day 0.4 percent lower after falling 1.9 percent. Chinese financial markets will be closed next week for the Lunar New Year. Japan’s Topix index sank 3.2 percent. Stocks around the world have lost $6.5 trillion of value so far this year.
What a way to start 2016....is this just the beginning of things to come? Hmmm...food for thought!
And that's probably what the bear market looks like....making everyone run and too afraid to invest.
I felt that the picture below as captured from Microsoft's Money app described the current market in a very simple and clear manner.
 |
| It's almost painful to watch the daily decline |
The Standard & Poor’s 500 Index fell a third day after data showed service industries expanded at the slowest pace in nearly two years. Banks led losses in America and dragged European equities to a third day of declines. The dollar plunged to a three-month low versus the euro.
The plunge happens even as the oil market rallies.
The S&P 500 fell 1.2 percent at 11:08 a.m. in New York, headed for a third straight drop after a 1.9 percent slide Tuesday. The index is looking for its first gain in February following a 5.1 percent drop last month that delivered the weakest start to a year since 2009.
Financial firms in the S&P 500 plunged 2.2 percent, bringing the loss this year past 13 percent. Legg Mason Inc. and Charles Schwab Corp. have lost more than 29 percent to pace declines, while investment bank Morgan Stanley is down 25 percent.
The Stoxx Europe 600 Index fell 2 percent, trimming losses of more than 1 percent as miners and real-estate companies paced gains. Italian banks slumped, as Banca Popolare di Milano Scarl, Banco Popolare Societa Cooperativa and Banca Monte dei Paschi di Siena SpA fell more than 5 percent.
The Hang Seng China Enterprises Index retreated 2.5 percent while the Shanghai Composite Index ended the day 0.4 percent lower after falling 1.9 percent. Chinese financial markets will be closed next week for the Lunar New Year. Japan’s Topix index sank 3.2 percent. Stocks around the world have lost $6.5 trillion of value so far this year.
What a way to start 2016....is this just the beginning of things to come? Hmmm...food for thought!
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