Traders work on the floor of the New York Stock Exchange after the Federal Reserve’s interest rate announcement on September 18, 2024.
Andrew Kelly Reuter
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Here’s what CNBC TV producers were watching Thursday and what they’re watching for Friday’s trading session.
Netflix revenue
The streaming giant reported better-than-expected revenue and earnings in the third quarter, sending its stock soaring toward record highs and posting a 35% increase in ad inventory subscribers from the second quarter. Announced. The stock price hit an all-time high on the 19th. On Friday, it closed down 6.5% from that level. The stock is still up 41% this year and 93% over the past 12 months. Stock chart iconStock chart icon
Netflix’s share from the beginning of the year to the present.
semi-rebound
winning streak record
Read more for consumers
Consumer staples giant Procter & Gamble is expected to report earnings on Friday morning to read about how shoppers are responding to continued price increases. The stock has risen slightly (only about 1.7%) over the past three months, but is up 17% since the beginning of the year. date. Financial services company American Express is also planned. The stock is up 14% in the past three months and more than 52% this year. Consumer lender Ally Financial is down 17.5% since its last report and 2.6% this year.
Travel super app?
Expedia shares rose 4.75% following reports that Uber is considering acquiring the company. Expe has underperformed rival Booking Holdings this year, which has risen 4%, while Booking has risen 23%. Airbnb was flat for the year, while Uber far outperformed rival Lyft. 2024 is up 30%, hitting an all-time high this Monday. LYFT is down 9% this year. DoorDash is up 53% in 2024. Instacart’s parent company, Maplebear, is up 82% this year. Stock chart iconStock chart icon
Expedia stock from the beginning of the year to the present.
Chinese stocks fall
China’s Ministry of Housing has announced new measures to prop up the country’s struggling housing market, but the market appears unimpressed. The iShares China Large Cap ETF (FXI) fell 2.6% and is now down 17.8% from this month’s high. iShares MSCI China ETF (MCHI) fell 2.7%, representing a decline of 19.1% from its 52-week high. China Internet ETF (KWEB) fell 3.8%, representing a decline of 20.4% from its 52-week high. Alibaba has fallen. 2% today and 15% from its 52-week high. Pinduoduo is down 3% today and 25% from its 52-week high. JD.com is down 4% today and 19% from its 52-week high. Baidu fell 3.3% today and is down 27% from its 52-week high. Tencent is down 2% today and is down 15% from its 52-week high.
nuclear interests
under the weather
Shares of health insurer Elevance fell 10%, its worst day since March 2020, after the company cited “unprecedented challenges” in its Medicaid business. The stock price is currently negative since the beginning of the year, with the stock trading at levels not seen since December 2021. Molina Healthcare fell sympathetically by 12.5%. It’s down nearly 20% this year. Centene fell 9% on Thursday and is down 15% in 2024. Stock chart iconStock chart icon
Elevance Health stock price over the past three months.
