What is likely to move the market?

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Here’s what CNBC TV producers saw on Thursday and what’s on the radar for Friday’s trading session.

Netflix earnings

• The Streaming giant has seen its shares rise again to record highs after the company posted better-than-expected third-quarter profits and revenue and said its ad tier subscribers rose 35% compared to the second quarter.
• Shares hit an all-time high on Friday, but ended the session down 6.5% from that level.
• The stock is still up 41% this year and 93% over the past 12 months.

Half rebound

Winning streaks

Further reading on the topic of consumers

• Giant for staple foods Procter & Gamble reports earnings on Friday morning and provides an overview of how buyers are reacting to continually increased prices.
• The stock is up slightly over the past three months – only about 1.7%, but is up 17% year-to-date.
• Financial services company American Express is also on the calendar. This stock is up 14% in the last three months and more than 52% this year.
• Consumer Lenders Ally Financial is down 17.5% since the last report and down 2.6% this year.

A travel super app?

• Shares of Expedia rose 4.75% according to reports Above has dealt with the takeover of the company.
• EXPE has performed worse than its rival Booking stocks up 4% this year compared to 23% for Booking.
• Airbnb is flat for the year
• UBER has now far surpassed the competition Lyft up 30% in 2024 and hit an all-time high last Monday. LYFT is down 9% this year.
• DoorDash has increased by 53% in 2024.
• Instacart parent Maple Bear is up 82% this year.

China stocks fall

• China’s housing ministry announced new measures to shore up the country’s troubled real estate market, but markets didn’t seem very impressed.
• The iShares China Large-Cap ETF (FXI) After falling 2.6%, it is now 17.8% below its highs of the month.
• The iShares MSCI China ETF (MCHI) was down 2.7% and is 19.1% below its 52-week high.
• The China Internet ETF (KWEB) was down 3.8% and is 20.4% below its 52-week high.
• Alibaba is down 2% today and is 15% below its 52-week high.
• Pinduoduo is down 3% today and is 25% below its 52-week high.
• JD.com is down 4% today and is 19% below its 52-week high.
• Baidu is down 3.3% today and is 27% below its 52-week high.
• Tencent is down 2% today and is 15% below its 52-week high.

Nuclear gains

Under the weather

• Health insurer shares Height fell 10%, its worst day since March 2020, after the company cited “unprecedented challenges” in its Medicaid business.
• The stock is now negative year-over-year and has been trading at levels not seen since the intraday lows in December 2021.
• Molina Healthcare Likeability fell by 12.5%. This year it is down almost 20%.
• Centene fell 9% on Thursday and will fall 15% in 2024.