Wall Street Breakfast October 19: Netflix Jumps, Clears Q3 Forecasts
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 19 October 2022
⏱️ 8 minutes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
| 0:06.8 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
| 0:11.2 | Good morning. Today is Wednesday, October 19th, and I'm your host Julie Morgan. |
| 0:15.7 | Our Top Stories. |
| 0:17.2 | Netflix, the SBR, Apple, Tesla, Olaplex, General Electric, Leafley, and Blink. |
| 0:25.0 | Wall Street extended its recent rebound on Tuesday with the major U.S. equity averages |
| 0:30.6 | finishing with their second consecutive day of gains. |
| 0:33.6 | The NASDAQ closed up 0.9%. |
| 0:36.2 | The S&P 500 finished up 1.1% and the Dow Jones ended up 1.1%. |
| 0:42.1 | For the second consecutive session, all 11 S&P sectors ended the day in the green. |
| 0:46.8 | This included a 2.4% advance in industrials. There were also standout gains in utilities and materials. |
| 0:54.0 | Turning to the bond markets, the 10-year Treasury yield slipped two basis points to around 4%, |
| 1:00.0 | and the two-year yield declined two basis points to 4.44%. |
| 1:05.0 | In the earning spotlight today, Tesla, Procter and Gamble, Abbott Laboratories, Travelers |
| 1:11.6 | Companies, Las Vegas, Sands, and IBM. |
| 1:15.0 | In our day watch, Oleplex Holdings. |
| 1:19.0 | At last check, Oleplex is down nearly 42% in pre-market trading. |
| 1:23.4 | Olaplex Holdings announced Tuesday its decision to lower its full year financial guidance |
| 1:28.4 | as sales momentum drops over macroeconomic pressure and inventory rebalancing. |
| 1:34.0 | The California-based hair products company said it now expects fiscal year |
| 1:38.0 | 2022 revenue between 704 and 711 million dollars. Significantly down from the prior guidance and $1011,311 million, |
| 1:42.7 | significantly down from the prior guidance range of $196 to $826 million, |
... |
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