NFLX, AMZN, DIS, PTON, LAZR: Trending Stocks Today Fri 21 Jan

By Duncan Ferris

Share:

In this article

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

US markets continued to fall on Thursday, dropping back amid disappointing earnings and worse than anticipated unemployment data. Will equities manage to finish the week on a high?

Despite opening in the green on Thursday, US markets fell back once again yesterday as concern surrounding inflation and monetary policy continued to spook investors.

US Treasury Secretary Janet Yellen hinted at upcoming changes in fiscal policy on Thursday, telling CNBC:

"Inflation rose by more than most economists, including me, expected and of course it's our responsibility with the Fed to address that. And we will".

Meanwhile, disappointing earnings from Netflix (NASDAQ: NFLX) have only added to the morose mood after the bell.

Data on initial jobless claims was also cause for caution, with the numbers showing a three month high in newly unemployed American workers. While this could simply be the quick impact of the Omicron variant, it may hint at longer term trends.

NASDAQ S&P500 Bitcoin
14,154.02 (-1.30%) 4,482.73 (-1.10%) 38,819.48 (-7.84%)

Here are some of today’s top stories: 

  • Netflix (NASDAQ: NFLX) shares have tumbled after the streaming service warned of drastically slowing subscriber growth in its first quarter earnings.

  • The news has also sent rival streaming outfits Amazon (NASDAQ: AMZN) and Disney (NYSE: DIS) lower.

  • Shares in Peloton (NASDAQ: PTON) have also taken a dive after CNBC reported that the company will temporarily halt production of new units. However, Peloton has since branded the information in the report “incomplete, out of context, and not reflective of Peloton's strategy”.

  • Luminar Technologies (NASDAQ: LAZR) has signed a deal with Mercedes Benz to develop automated driving technology for the luxury carmaker’s vehicles.  

  • Intel (NASDAQ: INTC) has announced plans to invest $20bn in two new advanced chip manufacturing sites in Ohio as part of its response to global chip shortages.

Cryptocurrency news:

  • Bitcoin (BTC) has seen its value fall below the $40,000 mark and to the lowest level since August 2021, with most other digital currencies in the red as well.

  • Russia is the latest nation to move towards a clampdown on cryptocurrencies. The country’s central bank announced its intention to pursue a ban on crypto mining, warning that the volatility of the currencies threatened its citizens’ financial stability.

  • Twitter (NYSE: TWTR) has added unique profile picture features for verified NFT owners, as well as launching an authentication service.  

Asian market news:

  • In Japan, shares in Toyota (TKY: 7203) fell after the carmaker confirmed that it could slow production at as many as 11 of its factories in the country. Toyota said it had been affected by COVID infections among its own workforce and that of suppliers.

  • Chinese tech stocks, like Alibaba (HK: 9988) and NetEase (HK: 9999) fell in Hong Kong overnight, following their US peers downwards. On the other hand, Macau-based casino operators such as Las Vegas Sands (HK: 1928) have surged this week.

If you enjoyed reading this overview of what to expect in the financial market today, why not read our in-depth reports on ESG investing and Healthcare investing. Or check out our 12 investing themes for 2022.

Share:

In this article:

Topics:
Trending Stocks
Companies:
Netflix
Amazon
Walt Disney
Peloton Interactive
Luminar Technologies
Intel

Author: Duncan Ferris

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Duncan Ferris does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Duncan Ferris has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!

Top Picks for Q2 2022

View More

Crypto Corner

Learn your NFTs from your BTCs