Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


Only two of the 11 S&P 500 sectors closed in the green, consumer discretionary (+0.9%) and consumer staples (+0.1%). The other sectors showed losses ranging from 0.1% (energy) to 1.2% (industrials).

Netflix (NFLX 176.56, +2.11, +1.2%), Twitter (TWTR 36.73, +2.67, +7.8%), and ironSource (IS 3.28, +1.05, +47.1%) all made big moves today with news catalysts.

Netflix was up after it confirmed it’s partnering with Microsoft (MSFT 252.72, -0.95, -0.4%) on a new ad supported subscription plan.

Twitter was up big after filing a lawsuit against Elon Musk to enforce the merger agreement, according to CNBC.

IronSource surged after Unity Software (U 32.82, -6.94, -17.5%) confirmed a merger agreement. Unity, for its part, sold off on the news.