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Afternoon Note

All Eyes on Earnings

By Karina Hernandez, Senior Research Analyst
1/23/2024 1:58 PM

Today’s price action follows earnings results from blue chip names which have been mixed. Shares of 3M (MMM) are getting crushed on disappointing earnings guidance due to ongoing legal liabilities.

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Most sectors are higher, led by Consumer Staples (Procter and Gamble’s (PG) impressive margins results) and Communication Services (Verizon (VZ) solid Q4 numbers).

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All eyes on earnings after the close. 

It has been great for shares of Netflix (NFLX) who reports after the bell. Everyone is holding their breath. 

NTFLX Earnings Reactions

1-Day

1-Week

Oct 2023

+19%

16.3%

Jul 2023

-11.4%

-8.3%

Apr 2023

-3.4%

-3.2%

Jan 2023

+13.9%

+7%

 

 

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