January 12, 2026
Netflix shares slump on revenue outlook, Tesla’s stock slips on margin fears, and other stocks on the move

Netflix shares slump on revenue outlook, Tesla’s stock slips on margin fears, and other stocks on the move

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{ if ([‘subscriber’, ‘prosubscriber’].includes(window.utag_data.user_type)) { return; } const delayParam = parseInt(window.localStorage.getItem(‘swg-call-delay’), 10); if (delayParam && (delayParam > Date.now())) { return; } // If GaaMetering is initiated, it would initiate the subscriptions behind the scene // https://github.com/subscriptions-project/swg-js/blob/main/src/utils/gaa.js if (!this.hasInitGaaMetering) { subscriptions.init(productID); this.getEntitlements(subscriptions, productID); } }); }, getEntitlements(subscriptions, productId) { subscriptions.getEntitlements() .then(window.__googleEA?.handleSwGEntitlement(productId)) .catch((err) => { console.error(`[SWG Entitlements Failed]: ${err}`); }); }, getHandleLoginPromise() { return new Promise(() => { window.GaaMetering?.getLoginPromise() .then(() => { const LOGIN_URL = { WSJ: ‘www.wsj.com/client/login’, BOL: ‘www.barrons.com/client/login’, FN: ‘www.dowjones.com/client/login’, MW: ‘www.marketwatch.com/client/login’, MG: ‘www.dowjones.com/client/login’ }; const prefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const baseUrl = LOGIN_URL[window.utag_data.page_site_product]; const loginUrl = `https://${prefix}${baseUrl}`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }); }); }, getRegisterUserPromise() { return new Promise(() => { window.GaaMetering?.getGaaUserPromise() .then((credential) => { window.__googleEA?._registerUser(credential); }); }); }, showPaywall() { const SHOP_URL = { prod: { WSJ: ‘https://subscribe.wsj.com?target=’, BOL: ‘https://subscribe.barrons.com?target=’, FN: ‘https://partner.fnlondon.com/p/1140300052/eligibility?mod=subscribe-google-ea&targetURL=’, MW: ‘https://subscribe.marketwatch.com?target=’ }, dev: { WSJ: ‘https://subscribe.wsj.com?target=’, BOL: ‘https://subscribe.barrons.com?target=’, FN: ‘https://partner.s.dev.fnlondon.com/p/p_fnlondon/eligibility/?mod=subscribe-google-ea&targetURL=’, MW: ‘https://subscribe.marketwatch.com?target=’ } }; const product = window.utag_data.page_site_product; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); window.location.href = `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}${encodeURIComponent(targetUrl)}`; }, handleSwGEntitlement(productId) { return (entitlements) => { if (!entitlements || !Array.isArray(entitlements.entitlements) || !entitlements.entitlements.length) { window.localStorage.setItem(‘swg-call-delay’, Date.now() + (60 * 60 * 1000)); return; } let subscriptionToken; for (const entitlement of entitlements.entitlements) { if ((entitlement.source === ‘google’) && (entitlement.products.includes(productId))) { subscriptionToken = entitlement.subscriptionToken; } } if (!subscriptionToken) { return; } const isCxdjExist = window.setInterval(() => { if (window.cxdj?.meta?.topDomain && window.cxdj?.displaySwgScrim) { window.cxdj.displaySwgScrim(); clearInterval(isCxdjExist); } }, 100); }; }, getAllowedReferrers() { const PRODUCT_DOMAIN = { WSJ: ‘wsj.com’, BOL: ‘barrons.com’, FN: ‘fnlondon.com’, MW: ‘marketwatch.com’, MG: ‘mansionglobal.com’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com’, BOL: ‘accounts.barrons.com’, FN: ‘accounts.dowjones.com’, MW: ‘accounts.marketwatch.com’, MG: ‘accounts.dowjones.com’ }; const SHOP_URL = { prod: { WSJ: ‘subscribe.wsj.com’, BOL: ‘subscribe.barrons.com’, FN: ‘partner.fnlondon.com’, MW: ‘subscribe.marketwatch.com’ }, dev: { WSJ: ‘subscribe.wsj.com’, BOL: ‘subscribe.barrons.com’, FN: ‘partner.s.dev.fnlondon.com’, MW: ‘subscribe.marketwatch.com’ } }; const product = window.utag_data.page_site_product; const productHostNamePrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const productHostName = `www.${productHostNamePrefix}${PRODUCT_DOMAIN[product]}`; return [productHostName, LOGIN_URL[product], `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}`]; }, _registerUser(credential) { const PRODUCT_DOMAIN = { WSJ: ‘wsj’, BOL: ‘barrons’, FN: ‘fnlondon’, MW: ‘marketwatch’, MG: ‘mansionglobal’ }; const EDITION_ID = { WSJ: ‘WSJ-EN_US’, BOL: ‘BARRONS-EN_US’, FN: ‘EFN-EN_US’, MW: ‘MARKETWATCH-EN_US’, MG: ‘MG-EN_US’ }; const REGISTRATION_SOURCE = { WSJ: ‘WSJ’, BOL: ‘BARRONS’, FN: ‘EFN’, MW: ‘MARKETWATCH’, MG: ‘MG’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com/auth’, BOL: ‘accounts.barrons.com/auth’, FN: ‘accounts.dowjones.com/auth/fn’, MW: ‘accounts.marketwatch.com/auth’ }; const pageSiteProduct = window.utag_data.page_site_product; const registerUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const registerBasedUrl = `https://register.${registerUrlPrefix}${PRODUCT_DOMAIN[pageSiteProduct]}.com`; const registerEndpoint = `${registerBasedUrl}/api/createSocialConnectUser`; const loginUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

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Movers & Shakers

Last Updated: July 20, 2023 at 10:49 a.m. ET First Published: July 20, 2023 at 5:33 a.m. ET

Netflix notched a sizable subscriber haul in the latest quarter but couldn’t meet Wall Street’s bar for revenue.

lionel bonaventure/Agence France-Presse/Getty Images

Here are some of the biggest movers of the day:

Stock gainers

International Business Machines Corp.’s IBM, +3.02% stock rose 2.9% after the tech giant reported better-than-expected second-quarter profit.

Shares of United Airlines Holdings Inc. UAL, +4.87% rose 1% after the air carrier raised its full-year profit outlook following strong second-quarter results.

Zions Bancorp. ZION, +10.85% shares jumped 8% after the regional bank reported a profit that topped expectations, with executives citing a rebound in customer deposits but higher resulting costs.

Stock decliners

Netflix Inc.’s NFLX, -9.01% stock was off 8.7% after the streaming giant easily topped subscriber expectations but brought in less revenue than Wall Street was modeling and delivered a light top-line outlook for the current period.

Tesla Inc. TSLA, -8.76% shares dropped 7.3% after the electric-vehicle maker beat Wall Street analysts for its second quarter but not in the blowout fashion that some market observers were expecting.

Shares of Discover Financial Services DFS, -15.77% dropped 14.9% after the company reported above-expectations quarterly results but disclosed a FDIC probe.

Equifax Inc. EFX, -10.28% shares fell 10.2% after the credit-reporting company reduced its full-year forecast, blaming a weak mortgage market.

Casino operator Las Vegas Sands Corp.  LVS, -2.98% reported second-quarter results that beat expectations amid a broader rebound in tourism spending at its properties in Singapore and Macau, but shares fell 3.1%. 

The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. TSM, -4.92% fell 5.2% after the contract semiconductor maker topped second-quarter earnings expectations but reported margins that contracted, while providing a somewhat downbeat outlook.

The liquidity drain isn’t crashing U.S. markets as feared. Here’s a big reason why.

The U.S. stock market hasn’t found a reason to call it quits yet on the 2023 rally, despite a flood of Treasury debt issuance at plump yields which is helping to drain liquidity from financial markets.

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