Kim Kahn
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Among active stocks, Netflix is down after inline guidance that failed to impress, though analysts are defending the stock.
Wedbush blamed the underwhelming report for the weakness, saying investors have grown used to phenomenal results.
Jefferies echoed the bullish stance, expecting Netflix to remain the dominant streaming player and grow free cash flow at about 15% a year over the next five years.
And Morgan Stanley noted Netflix surpassed 325 million members in 2025, adding more than 25 million net new subscribers, more than any other major streaming service, despite already having the largest base.
Johnson & Johnson reported better than expected Q4 revenue, driven by its pharma and medtech divisions, but adjusted earnings for the quarter missed expectations.
J&J also rolled out its 2026 outlook, guiding EPS of $11.53 on $100.5 billion in reported sales, both above forecasts.
And SanDisk is up again, extending a redonkulous six-month rally that has seen shares climb more than 1,000% as it pivots from general storage to a high-performance AI-focused brand.
And in today's trading, U.S.
natural gas futures continue their massive gains, now up more than 50% in two days, as freezing temperatures across much of the country drive heating demand.
Front month NYMEX natural gas for February delivery is up about 20%, hitting a fresh year-to-date high above $4.65 per million BTUs.
Contracts are on track for their biggest weekly gain in more than 35 years.
Cold weather has sent energy prices sharply higher worldwide, Japan's power prices have hit a three-month high, and European gas futures are up nearly 30% so far this month.
Snow is also forecast this weekend in Texas, home to key gas production sites, raising the risk of temporary outages and lower exports.
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.
Today is Tuesday, January 20th, and I'm your host, Kim Kahn.
Netflix is moving further to cement its acquisition of Casablanca, Batman, Middle Earth, and, of course, the Animaniacs.
The streaming giant pulled the trigger on an all-cash offer for Warner Bros.
Discovery's streaming and studio units at $27.75 per share.