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Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.
1. Netflix Kicks off Tech Earnings
While there are plenty of earnings scheduled ahead of trading tomorrow, the big report comes after the closing bell as Netflix (NASDAQ:NFLX), one of the famous FAANGs, issues its results.
Big things will be expected as the stock has been on a tear. It’s up more than 31% since the start of the year, getting a major boost recently when it said it would be raising streaming subscription prices. The shares' 28.5% tumble in the 2018 fourth quarter pressured stocks overall.
On average, analysts expect that Netflix earned 25 cents per share in the latest quarter on revenue of about $4.2 billion.
But the real focus will be on streaming subscriber numbers.
Netflix said it expects 7.6 million paid net additions and 9.4 million total net additions (which includes free trials).
2. Morgan Stanley, American Express on Tap
Among the aforementioned before-the-bell earnings, Morgan Stanley (NYSE:MS) continues the parade of financial results.
Financial earnings and revenue have been strong so far, and Morgan Stanley is expected to post a profit of 90 cents per share with revenue of about $9.35 billion.
Also in the sector, American Express (NYSE:AXP) reports after the close.
On average, analysts forecast a profit of $1.80 per share on revenue of about $10.6 billion.
3. Jobless Claims, Philly Fed on Calendar
On the economic calendar tomorrow, the latest weekly jobless claims figures arrive at 8:30 AM ET (13:30 GMT).
Claims for first-time unemployment benefits for the latest week are expected to rise slightly to 219,000.
At the same time, the Philadelphia Fed will release its manufacturing index for January.
Economists forecast that the Philly Fed index rose to 9.7 last month from 9.4 in December.
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