Yahoo Finance Netflix pops and Blackstone beats
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Netflix
It seems Netflix (NFLX) bulls like what they see. Shares popped over 10% on Thursday and touched new all time highs after the video streaming service posted impressive quarterly results.
Netflix is widely viewed as a growth stock on Wall Street, and investors seemed most impressed by subscriber growth – which rose 22% year over year to 4.8 billion.
CEO Reed Hastings said the company's original series including the third season of "House of Cards" and the new series "Unbreakable Kimmy Schmidt" helped bring in new customers.
Blackstone
It appears investors want assets in their portfolio. Blackstone (BX) gained more than 2% on Thursday after the asset manager beat expectations on both the top and bottom lines.
Blackstone cited its private equity and real estate units for the strength.
After bringing in record cash, Chairman and CEO Steve Schwarzman declared his private equity firm an “earnings machine.”
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Philip Morris
On Wall Street there’s a call for Philip Morris International (PM). Shares popped more than 7% on Thursday after the company beat estimates and raised guidance.
Philip Morris, which sells cigarettes outside the U.S., cited increased demand in Europe, the Middle East and Africa as the driving factor behind the strength.
The company did, however, acknowledge that the strong dollar may generate currency headwinds in the quarters ahead.
Those are your trending tickers. Tell us what you think in the space below or tweet us at #trendingtickers.
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