Investing.com - Stocks in focus in pre-market trade Tuesday:
• Netflix (NASDAQ:NFLX) stock tumbled 12.59% by 8:17 AM ET (12:17 GMT) as it added 5.2 million new subscribers in the second quarter, falling short of expectations by about 1 million new users. The stock tumbled about 13% immediately after reporting earnings after hours Monday.
• Goldman Sachs (NYSE:GS) stock rose 0.8% as the firm reported better-than-expected revenue and profit, but its revenue from equities missed expectations.
• UnitedHealth stock fell 1.79% despite the fact that the company reported better-than-expected second-quarter earnings. Second-quarter revenues were in line with consensus and the firm raised its outlook for 2018 adjusted net earnings to a range of $12.50 to $12.75 per share, compared to forecasts for $12.62.
• Amazon.com (NASDAQ:AMZN) stock fell 0.41% as technical glitches plagued the start of its 36-hour summer marketing event, Prime Day, on Monday. Analysts expect the firm to pocket approximately $3.4 billion during the promotion, up more than 40% from last year’s Prime Day.
• Johnson & Johnson (NYSE:JNJ) stock gained 0.73% after quarterly revenue and earnings topped consensus. The firm did lower the mid-range of its full-year revenue forecast to between $80.5 billion and $81.3 billion, from a previously projected $81 billion to $81.8 billion.
• Caterpillar (NYSE:CAT) stock fell 0.64% as Goldman Sachs removed the firm from its Conviction Buy List. These analysts now have a straight buy recommendation.
• Tesla (NASDAQ:TSLA) stock lost 0.19%, extending Monday’s decline, as analysts worried that chief executive Elon Musk’s comments on Twitter were distracting him from the firm's main business of producing electric cars.