Netflix shares jump as subscriber surge, live sports streaming fuel growth

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Netflix shares jump as subscriber surge, live sports streaming fuel growth. 📺 The company’s shares soared in premarket trading on Wednesday after the company reported a blockbuster holiday quarter as a robust content line-up and its entry into live sports streaming brought in a record number of new subscribers. Reuters reports.

🏗️ InfrastructureAI: U.S. President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology. Reuters reports.

🔄 CloudShift: Microsoft loses status as OpenAI’s exclusive cloud provider. CNBC reports.

📈 J&Jump: J&J beats quarterly sales and profit estimates on cancer drug sales. Yahoo Finance reports.

🚗 EVSetback: Tesla stock sank around 3% Tuesday, reversing premarket gains on the first trading day since the inauguration of Donald Trump after the president scrapped a pro-EV policy put into place by his predecessor in an executive action late Monday. Yahoo Finance reports.

🏆 NvidiaThrone: Nvidia passed Apple in market value on Tuesday, once again becoming the most valuable publicly traded company in the world. CNBC reports.

👟 AdidasLift: Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year. Yahoo Finance reports.

🧬 BioWin: Moderna stock jumps as biotech gets $590 million from U.S. to develop bird-flu vaccine. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $ASST: Asset Entities
Total gain: +73.33%

2. $NEHC: New Era Helium
Total gain: +72.99%

3. $USEG: US Energy
Total gain: +35.09%

4. $NFXL: Direxion Daily NFLX Bull 2X Shares
Total gain: +28.74%

5. $IPA: ImmunoPrecise Antibodies
Total gain: +23.42%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.

What is a Measured Move?

Simply put, a measured move is a method where you measure areas of price action to predict the next move. They're very reliable because what you see on your chart represents two things: mob mentality and math. That's all it is. I was talking about chart patterns with a friend, and he said, "Oh, to me that just looks like a bunch of lines and squiggles."

And I replied, it is lines and squiggles, but behind every single line and every single squiggle is the mob. It's the market. It's human emotion and it's math. It's Fibonacci, it's Gann. It's all these things we see elsewhere in nature presented to you in the form of price action on a chart. And don't dismiss human nature as a driving factor in what happens on a chart.

When you're looking at a massive move on a price chart, you're seeing human emotion in that move, and it's either fear or greed—but it's emotion, make no mistake. So, when you're looking for measured move targets, you're looking for the next logically human-nature-driven mathematical target on a chart, and you're using previous price action to define it. That's what measured moves are.

The closing price of the top three market percent gainers trading near or above $3 on January 21.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $VATE: Innovate
Total gain: +86.69%
The stock appeared to be moving on no notable news.

2. $DWTX: Dogwood Therapeutics
Total gain: +68.45%
The company announced that dosing of the first patient in its Phase 2b clinical trial, referred to as HALT-CINP (Halneuron® Treatment of Chemotherapy-Induced Neuropathic Pain), evaluating Halneuron® to treat neuropathic pain associated with prior chemotherapy treatment, is expected to occur in the first quarter of 2025. Benzinga reports.

3. $USEG: US Energy
Total gain: +64.22%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

10:00 am - U.S. leading economic indicators - December

“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which stock to buy or sell.”

― Edwin Lefèvre

Sourced in:
“Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923.