Weekly Market Recap January 24th, 2024
Weekly Market Insights: Corporate Earnings Highlights
This week, major companies made headlines with their earnings reports:
- Netflix (NFLX) hit a record high ??, adding 18.9M new subscribers, fueled by blockbuster events like the Tyson-Paul fight and NFL games. Analysts see future growth potential in price hikes and ad-supported plans.
- Capital One (COF) exceeded expectations ?? with core earnings of $3.09 per share, driven by solid fundamentals and better-than-expected credit performance.
- Johnson & Johnson (JNJ) reported mixed results ??, beating estimates but facing a YoY earnings decline. Optimism remains with its upcoming Ottava surgical robot and promising medical innovations.
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