Plenty of worry hit the markets today. Blame China. Blame poor earnings. Blame $NFLX! Sure, the stock soared on earnings, but that just means people are home streaming videos instead of out shopping and eating!
Here’s what was up over 1% on the NDX:
There are a handful of winners with big volume today. Back to Netflix, which is just going gangbusters, Charles Payne on Fox Business said that “Reed Hastings is the Richard Sherman” of movie content, as Hastings said that HBO boss’ password must be “Netflix bitch.”
Here’s what was down on the NDX, percentage and volume change, (not a complete list!):
Today’s market wrap from Marketwatch:
U.S. stocks closed sharply lower on Thursday as weak economic data from China prompted investors to sell resource stocks and emerging-markets assets and seek safety in bonds, gold, and high-dividend paying sectors.
From http://www.marketwatch.com/story/us-stocks-spooked-by-weak-china-data-2014-01-23
Was that ATT up today? And the emerging markets took another hit today. I took a position in EEM near the end of the day, just for giggles.
After hours, Microsoft and Starbucks were up on their earnings numbers. Man, I should just be long Starbucks if I did the Peter Lynch buy-what-you-know thing. I stand in a long line for expensive coffee at least 3 times a week.