Netflix Inc (NASDAQ: NFLX) shares are trading marginally lower by 1.05% to $322.90 Thursday morning. Morgan Stanley analyst Benjamin Swinburne maintained Netflix with a Equal-Weight and raised the price target from $275 to $300.
What's Going On?
The index futures point to a moderately lower opening for Wall Street stocks on Thursday, as the negative sentiment carries over into the new trading day.
Companies Reporting Before The Bell
• Procter & Gamble (NYSE:PG) is estimated to report quarterly earnings at $1.59 per share on revenue of $20.73 billion.
The CNN Money Fear and Greed index showed a drop in the market sentiment.
The Nasdaq Composite snapped a seven-day win streak on Wednesday as investors digested the retail sales data, which showed a decline of 1.1% month-over-month for December, higher than market expectations of a 1% drop. Producer prices for final demand in the US fell 0.5% month-over-month in December.
Major Wall Street indices closed over 1.2% lower on Wednesday, dragged by renewed concerns of a recession as U.S. retail sales declined by the most in 12 months, down 1.1% in December as against expectations of a fall of 0.8%.
Fans of the 1990s hit television show “Mighty Morphin Power Rangers” are in luck. The franchise is celebrating 30 years with a new streaming special that will see many of the old cast members reunite.
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
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