Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Netflix, Verizon Fall Premarket; Nasdaq Rises

Stock MarketsApr 21, 2021 07:56AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, April 21st. Please refresh for updates.

  • Netflix (NASDAQ:NFLX) stock fell 8.5% after the streaming giant reported a dramatic slowdown in subscriber growth in the first quarter, with just under 4 million people signing up from January through March, below the 6.25 million expected. The company also estimated it will add just 1 million new streaming customers in the second quarter, while analysts had expected a forecast of nearly 4.8 million.

  • Verizon (NYSE:VZ) stock fell 0.5% after the telecommunications giant lost more wireless subscribers than expected, to the tune of 178,000 wireless phone subscribers, during the first quarter as it faced intense competition from its rivals.

  • Nasdaq (NASDAQ:NDAQ) stock rose 1% after the stock exchange operator beat quarterly expectations, helped by double-digit increases in equity and fixed income trading revenue. The company also announced a 10% dividend increase.

  • Welbilt (NYSE:WBT) stock soared 18% after the maker of professional foodservice equipment agreed to being taken over by rival Middleby (NASDAQ:MIDD), down 6.5%, in an all-stock transaction with an implied value of $4.3 billion.

  • Interactive Brokers (NASDAQ:IBKR) stock rose 2.1% after the brokerage firm posted better-than-expected first-quarter results on higher customer trading volumes within an active trading environment worldwide.

  • Tenet Healthcare (NYSE:THC) stock rose 3% after the company reported stronger-than-expected quarterly earnings and increased its FY 2021 outlook.

  • Intuitive Surgical (NASDAQ:ISRG) stock rose 3.9% after the surgical-robotics equipment firm beat quarterly expectations, reporting a return to double-digit growth for procedures using its da Vinci robotic surgery system. 

  • Procter & Gamble (NYSE:PG) stock fell 0.4% after Citigroup (NYSE:C) downgraded its investment stance on the consumer staples giant to ‘neutral’ from ‘buy’ after its earnings report, saying the company faces tough spring and summer quarters.

  • Norwegian Cruise Line (NYSE:NCLH) stock rose 2.2% after Goldman Sachs (NYSE:GS) upgraded its stance to ‘buy’ from ‘neutral’, saying the cruise operator is best positioned to benefit from the industry’s restart, when it arrives.

  • CSX (NASDAQ:CSX) stock fell 0.1% after the railroad operator’s first-quarter profit declined 8%, hurt by frigid polar vortex temperatures, ongoing pandemic disruptions and higher fuel costs.

  • GameStop (NYSE:GME) stock rose 1.3% after Reuters reported that CEO George Sherman will receive a windfall of just under $180 million when he steps down at the end of June thanks to a deal that was inflated by this year's dramatic meme stock rally.

  • Anthem (NYSE:ANTM) stock rose 1.3% after the health insurer posted a 9.3% rise in first-quarter profit, helped mainly by higher revenue from its unit that includes its pharmacy benefits management business.

  • ASML (NASDAQ:ASML) ADR rose 3.9% after the Dutch chip maker reported stronger than expected first-quarter sales and margins, reflecting the extreme tightness in the global market for semiconductors.
  • Heineken (OTC:HEINY) (OTC:HKHHY) rose 2.3% after the world’s second-largest brewer’s trading update pointed to better-than-expected beer volumes for the first quarter, with sharp growth in Africa and Asia.

  • Ericsson (BS:ERICAs) (NASDAQ:ERIC) ADR rose 4.1%  after the Swedish telecoms company announced an organic sales uplift of 10% in the first quarter, continuing to cash in on the momentum surrounding 5G.


Netflix, Verizon Fall Premarket; Nasdaq Rises

Related Articles

Boeing, Pharma, McDonald's Earnings: 3 Things to Watch
Boeing, Pharma, McDonald's Earnings: 3 Things to Watch By - Jul 27, 2021

By Dhirendra Tripathi Stocks sold off on Tuesday ahead of earnings reports from tech giants and the Federal Reserve’s next policy announcement, due out Wednesday afternoon. The...

Will the Stock Market Bounce Back Last?
Will the Stock Market Bounce Back Last? By StockNews - Jul 27, 2021

Last Monday, the major benchmarks suffered their worst declines of the year. The rising case count for COVID-19, primarily driven by the highly contagious Delta variant, led to the...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email