Investing.com - Among the stocks trending on Tuesday are Goldman Sachs (NYSE:GS), Netflix (NASDAQ:NFLX), Yahoo (NASDAQ:YHOO), IBM (NYSE:IBM), Johnson & Johnson (NYSE:JNJ), Microsoft (NASDAQ:MSFT), and Nintendo (OTC:NTDOY). Let’s take a closer look at why these stocks are making headlines and creating buzz.
Goldman Sachs gained more than 1% in pre-market trade after the investment bank reported second quarter earnings and revenue that were higher than consensus ahead of Tuesday’s opening bell.
Goldman said adjusted earnings per share came in at $3.72 in the three months ended June 30, easily surpassing expectations for adjusted earnings of $3.04 a share.
Netflix saw shares plunge almost 13% ahead of the open after the streaming video company said it added fewer video streaming subscribers than expected from April through June as some customers canceled the service ahead of a price increase.
The dominant subscription video service on Monday also forecast slower-than-expected growth in U.S. and international markets in the current quarter.
Yahoo shares slumped 2% after the internet company’s quarterly earnings fell short of Wall Street expectations, in what may be the company's last financial report before it sells its core business. Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected.
IBM rose 2% after quarterly revenue beat analysts' expectations as the enterprise technology company's shift to high-growth areas such as cloud-based services begins to yield results.
IBM also stood by its full-year forecast for adjusted earnings of at least $13.50 per share, dispelling any concerns about the impact from Britain's vote to leave the European Union.
Johnson & Johnson jumped 3% after the diversified healthcare company reported a 3.9% increase in second-quarter sales, helped by strength in its pharmaceuticals business. Sales of the maker of medical devices, pharmaceuticals and personal care products rose to about $18.5 billion from $17.8 billion, a year earlier.
Microsoft shares eased slightly as investors readjusted positions ahead of the tech giant's corporate results due after Tuesday's closing bell.
Nintendo was in focus again due to the success of its wildly popular Pokemon Go mobile game. The consumer electronics company has seen a sharp spike in its stock price since the release of Pokemon Go on July 6.
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