Netflix saw its share price skyrocket. This followed the company revealing that it gained 13.1 million subscribers in the fourth quarter, significantly exceeding Wall Street’s expectations.
In fact, this is the platform’s highest uptick in paid memberships since the first quarter of 2020. The platform giant also plans to increase its programming slate and expand into different areas such as advertising and gaming, enticing investors.
What’s more, American Express rallied strongly following its announcement of strong guidance which increased its dividend.
Amex is also anticipating its revenue will rise from 9% to 11% in 2024. The surge in the firm’s gains were driven by higher net interest income and intensified card member spending.
Elsewhere, natural gas’s price increased notably in value in the past week. Analysts suggest this pick up was caused by an oversold market which often results in a temporary rise in prices.
In addition, cold weather conditions are expected to hit the western US in early February, leading to growing demand. However, it is worth mentioning that ongoing geopolitical conflicts continue to affect the commodity’s volatility which we expect to see in the rising and falling in the weeks to come.
Tesla declined considerably in value driven by falling demand, increasing competition, and continuing high interest rates. In addition, the electric vehicle giant stated in its shareholder letter that vehicle volume growth is expected to be significantly lower in 2024 compared to the growth in 2023.
Furthermore, Intel’s share price plunged last week as a result of the chipmaker’s outlook for this quarter’s sales being less than desired, discouraging investors. In fact, approximately seven Wall Street firms cut their price targets on the stock following the earnings report, while two other firms dropped Intel’s shares from buy to hold.
A few weeks after Boeing’s mid-flight blowout, its shares continue to fall. This drop follows the suspension of plans to increase production of the 737 Max, one of the company’s jet models.
Analysts predict a bleak outlook for the company as this pause on output by the Federal Aviation Administration will affect its growth momentum and free cash flow.
