Reply To: Traders Market Weekly: Fear, Greed, War and Volatility

#73850
Truman
Participant

Super Micro Devices (SMCI 770.01, -158.47, -17.0%) is the worst performing stock in the S&P 500 today after confirming its earnings release date without a pre-announcement/guidance, which seems to have spooked investors.

Netflix (NFLX 558.51, -52.05, -8.5%) is the next worst performing S&P 500 component after beating Q1 expectations and issuing above-consensus EPS guidance for Q2 coupled with below-consensus revenue outlook. The company will stop reporting subscriber additions next year.

On the flip side, Paramount (PARA 11.78, +0.80, +7.3%) is the top performing S&P 500 constituent following news it may receive a takeover offer of up to $29 bln from Sony (SONY) and Apollo (APO), according to Investing.com.