Markets End the Day Down After a Promising Afternoon
Netflix Has A Breakout Day After Excellent Q1 Earnings Report. Share prices surged for Netflix (NFLX) today, after announcing that their Q1 earnings would beat expectations. Their subscriber base grew both overseas and at home, and higher profits followed.
UnitedHealth Bounces Back, Other Health Care Providers Follow Suit. After an uncharacteristically hard day yesterday, health services companies were back on the upswing. UnitedHealth (UNH) rose 4.28 points to close the day at $121.60 per share. Cigna (CI) was up 2.58 points to close at $132.80. Aetna (AET) shares climbed 3.35 points to close at $109.43. Anthem (ANTM) recovered from yesterday's 2% fall to add 3.63 points and close the day's trading at $154.93 per share.
Phillip Morris Issues Smoking Q1 Earnings Report. For an industry that has had public sentiment turn against it for more than a decade, the management at Philip Morris (PM) is making the best of a tough situation. Earnings are up even as new smokers are down, and the company is a textbook example of how to manage and diversify when your company can count on less year to year customers. In trading today, Philip Morris rose 6.83 points and closed at $84.96.
ADT Drops As Customers Feeling More Secure. Home security and monitoring company ADT (ADT) saw its stock price fall by 3.54% today on the news that new enrollments are down. The company is a strong performer in its market segment, and indeed leads the American home security industry as a whole in capitalization. ADT lost -1.51 points in trading today, and closed at $41.10 per share.
Natural Gas Up $0.20 On The Week Despite Falling Trend. In a spot of good news for American energy producers, natural gas prices seem to be following crude oil's lead in a price rebound. The futures price of 1 million BTUs of natural gas rose by just over $0.07 today, despite heading into reduced summertime demand. Natural gas futures closed regular trading at $2.68 per million BTUs.
Published on Apr 16, 2015By Aaron Phillips