{"id":38404,"date":"2023-07-20T20:11:16","date_gmt":"2023-07-21T00:11:16","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/netflix-shares-slump-on-revenue-outlook-teslas-stock-slips-on-margin-fears-and-other-stocks-on-the-move\/"},"modified":"2023-07-20T20:11:18","modified_gmt":"2023-07-21T00:11:18","slug":"netflix-shares-slump-on-revenue-outlook-teslas-stock-slips-on-margin-fears-and-other-stocks-on-the-move","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38404","title":{"rendered":"Netflix shares slump on revenue outlook, Tesla\u2019s stock slips on margin fears, and other stocks on the move"},"content":{"rendered":"
\n

Here are some of the biggest movers of the day:<\/p>\n

Stock gainers<\/h2>\n

Sirius XM Holdings Inc.\u2019s<\/strong>
\n SIRI,
\n +42.26%<\/bg-quote>
\n stock skyrocketed 28.2% prior to a trading halt for volatility. The stock has risen in recent days, apparently as a result of short covering.<\/p>\n

International Business Machines Corp.\u2019s<\/strong>
\n IBM,
\n +2.14%<\/bg-quote>
\n stock rose 2.3% after the tech giant reported better-than-expected second-quarter profit.<\/p>\n

\n

Shares of United Airlines Holdings Inc.<\/strong>
\n UAL,
\n +3.23%<\/bg-quote>
\n rose 2.5% after the air carrier raised its full-year profit outlook following strong second-quarter results. <\/p>\n

Zions Bancorp.<\/strong>
\n ZION,
\n +9.98%<\/bg-quote>
\n shares jumped 9.1% after the regional bank reported a profit that topped expectations, with executives citing a rebound in customer deposits but higher resulting costs.<\/p>\n

Stock decliners<\/h2>\n

Netflix Inc.\u2019s<\/strong>
\n NFLX,
\n -8.41%<\/bg-quote>
\n stock was off 8.7% after the streaming giant easily topped subscriber expectations but brought in less revenue than Wall Street was modeling and delivered a light top-line outlook for the current period.<\/p>\n

Tesla Inc. <\/strong>
\n TSLA,
\n -9.74%<\/bg-quote>
\n shares dropped 10.2% after the electric-vehicle maker beat Wall Street analysts for its second quarter but not in the blowout fashion that some market observers were expecting. <\/p>\n

Shares of Discover Financial Services<\/strong>
\n DFS,
\n -15.92%<\/bg-quote>
\n dropped 16.2% after the company reported above-expectations quarterly results but disclosed a FDIC probe.<\/p>\n

Equifax Inc. <\/strong>
\n EFX,
\n -8.89%<\/bg-quote>
\n shares fell 8.2% after the credit-reporting company reduced its full-year forecast, blaming a weak mortgage market.<\/p>\n

Casino operator Las Vegas Sands Corp.<\/strong>\u00a0
\n LVS,
\n -5.40%<\/bg-quote>
\n reported second-quarter results that beat expectations amid a broader rebound in tourism spending at its properties in Singapore and Macau, but shares fell 4.6%.\u00a0<\/p>\n

The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co.<\/strong>
\n TSM,
\n -5.05%<\/bg-quote>
\n fell 5.2% after the contract semiconductor maker topped second-quarter earnings expectations but reported margins that contracted, while providing a somewhat downbeat outlook.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are some of the biggest movers of the day: Stock gainers Sirius XM Holdings Inc.\u2019s SIRI, +42.26% stock skyrocketed 28.2% prior to a trading halt for volatility. The stock has risen in recent days, apparently as a result of short covering. International Business Machines Corp.\u2019s IBM, +2.14% stock rose 2.3% after the tech giant […]<\/p>\n","protected":false},"author":1,"featured_media":38405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-38404","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nNetflix shares slump on revenue outlook, Tesla\u2019s stock slips on margin fears, and other stocks on the move | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Here are some of the biggest movers of the day:Stock gainers Sirius XM Holdings Inc.\u2019s SIRI, +42.26% stock skyrocketed 28.2% prior to a trading halt for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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