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Goldman Sachs, Netflix, Tesla – 5 things you need to know before the market opens



Here are five things you need to know on Tuesday, April 17:

1. – Shares climb

U.S. Stock futures indicated Wall Street gains on Tuesday, April 17, as investors responded to a mixed set of economic data from China and continued to focus on the corporate earnings season.

The contracts for the Dow Jones Industrial Average rose by 184 points. while those associated with the wider S & P 500 gained 13.50 points. Nasdaq futures up 32.75 points

Asian equities ended the mixed session on Tuesday, after China outperformed 6.8% in the first quarter, supported by solid consumer spending. However, investors focused on a weaker-than-expected expectation in March for manufacturing activity in the world's second-largest economy.

Stockpiles in the US rose on Monday, April 1

6 as concerns about prolonged military action in Syria eased. The focus for investors shifted to the outcome.

The Dow Jones closed 212 points or 0.87% to 24,573, the S & P 500 up 0.81% and the Nasdaq up 0.70%.

The US economic calendar on Tuesday includes housing starts in March at 8:30 am ET and industrial production for March at 9:15 pm

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2. – Goldman Sachs, UnitedHealth, and Johnson & Johnson Report Profits

UnitedHealth Group Inc. (UNH) posted a slightly weaker than expected first quarter result on Tuesday, but raised its full-year outlook as sales forecasted Wall Street exceeded. The stock gained 1.8% in pre-trading hours.

Johnson & Johnson (JNJ) generated $ 2.06 per share in the first quarter, higher than estimates of $ 2. Revenues increased 12.6% to $ 20.01 billion in the quarter, outperforming guidance. In pre-trading, equities rose 0.9%.

Goldman Sachs Group Inc. (GS) reported earnings of $ 6.95 per share for the first quarter, which is against estimates of $ 5.58. Revenues for the quarter were $ 10.04 billion compared to $ 8.03 billion a year ago. The stock rose 0.9% in pre-trading hours.

Also at United Continental Holdings Inc. (UAL), the International Business Machines Corp. (IBM) and the CSX Corp. (CSX) the profit is expected.

UnitedHealth and Goldman Sachs are shares in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Would you like to be warned before Cramer buys or sells the stocks? Learn more now.

3. – Netflix Rises on Subscriber Profits

Netflix Inc. (NFLX) gained 7% on pre-trading day after first-quarter streaming giant generated impressive subscriber growth and also exceeded earnings and revenue expectations [19659004] Netlfix said that Sales in the three months of March increased 40% year-on-year to a record $ 3.7 billion, up 62.8% to $ 290.1 ​​million or 64 cents per share. Netflix also said it added $ 1.96 million and 5.46 million international streaming subscribers, outperforming consensus estimates of $ 1.5 million and $ 5 million, the highest levels since the IPO in May 2002 [19659004] Growth should slow down somewhat in the second quarter but still strong: Netflix led to $ 1.2 million and 5 million net client net user gains, consensus estimates of $ 973,000 and $ 4.27 million, respectively.

See TheStreets executive editor Brian Sozzi, who breaks down the Netflix results below.

Netflix is ​​a beastttttttttttt $ NFLX https://t.co/SyMqmM1W7

– Brian Sozzi (@BrianSozzi) April 16, 2018

4. – Tesla Interrupts Model 3 Production

Tesla Inc. (TSLA) shares slipped 0.8% on pre-IPO Tuesday after the electric car maker said it would temporarily discontinue production of its Model 3 sedan to "bottlenecks." Addressing the Factory in Fremont, California

The move, first reported by Buzzfeed and later confirmed by the company, marked the second time that Tesla discontinued production of Model 3 this year. The production shutdown could raise further questions as to whether the company will be able to meet its aggressive assembly targets and generate the kind of revenue that will make it a positive cash flow in the coming quarters, Tesla founder and CEO said Elon Musk last week was imminent.

"These timelines are being used to improve automation and systematically address bottlenecks to increase production rates," said a Tesla spokesman. "That's not unusual and is indeed common in production ramps like this one."

TheStreet criticized Tesla's Elon Musk critically. Look at the latest.

5. – Matthew Mellon, billionaire of banking, dies

The billionaire of bank heir Matthew Mellon died. He was 54.

Mellon, a member of the Mellon and Drexel families of the Bank of New York Mellon and Drexel Burnham Lambert, was struggling with drug addiction, and reportedly died in a rehabilitation center in Cancun, Mexico. [19659028] Mellon most recently served on the Associated Press as a consultant to digital currency company Ripple Labs.

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