Materials sector

After falling for three consecutive trading days, the materials sector gained strength on Wednesday. The S&P 500 Materials sector rose 0.59% and helped the S&P 500 Index close positive. Alcoa (AA) and Nucor (NUE) were the top gainers in the materials sectors on Wednesday. Alcoa, one of the largest aluminum producers in the world, rose 6.7% on January 18.

Why Is Netflix Expected to Open Higher on January 19?

Alcoa rose on Wednesday along with US steel and aluminum stocks—supported by comments from Commerce Secretary nominee Wilbur Ross. On Wednesday, he said that a tariff might be required to control aluminum and steel dumping in the US. He also said that the government could play a direct role in matters related to infrastructure.

Consumer discretionary

The S&P 500 Consumer Discretionary sector fell 1.9% on January 18. After the market closed on Wednesday, Netflix (NFLX) posted upbeat fourth quarter earnings. It reported $2.48 billion in revenue in the fourth quarter—better than $1.82 billion during the same period last year. Netflix added 7.05 million new members in the fourth quarter—1.93 million are domestic members and 5.12 million are international. It’s better than the forecast of 5.2 million. Netflix is expected to open higher on Thursday.

Dividend

The Dow Jones US Select Dividend Index (DJDVP) tracks the performance of major dividend-yielding stocks in the US. On January 18, DJDVP rose 0.21%. On Wednesday, Fastenal (FAST) declared an increased dividend. The quarterly dividend rose 6.6% from $0.30 per share to $0.32 per share. It pushed Fastenal to the highest levels since August 2013. On January 18, Fastenal rose as high as $51.56 and closed the day at $51.06—a gain of 5.8%

Latest articles

19 Jul

Afya's IPO Sees Strong Listing Gains

WRITTEN BY Mohit Oberoi, CFA

Afya (AFYA) listed on the Nasdaq Global Select Market on July 19. The company priced its IPO at $19 per share.

19 Jul

What to Watch For in Amazon's Q2 Earnings

WRITTEN BY Sanmit Amin

e-Commerce giant Amazon (AMZN) is scheduled to report its second-quarter earnings results after the closing bell on July 25.

19 Jul

Barrick Gold Reaches Deal to Buy Acacia Mining

WRITTEN BY Anuradha Garg

After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.

19 Jul

Comcast Shares Pop on Goldman's Optimism

WRITTEN BY Ruchi Gupta

Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."

19 Jul

Why Analysts Are Bearish on Netflix Stock

WRITTEN BY Aditya Raghunath

Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.

On Thursday, pet retailer Chewy (CHWY) reported its first-quarter results after the market closed. The company reported its earnings for the first time.