Netflix drops on earnings, Johnson & Johnson slips; Halliburton, United Airlines rise

Netflix (NFLX) shares fell 12% after reporting fourth-quarter earnings below expectations, citing subscriber growth slowdown and rising content costs. Johnson & Johnson (JNJ) declined 4% despite revenue beat, as guidance raised concerns over margin pressure. Halliburton (HAL) and United Airlines (UAL) rose 5% and 6%, respectively, on strong operational results and improved outlooks. Intel (INTC) also gained 3% following a turnaround plan announcement, though revenue missed estimates. As of Jan. 16, 7% of S&P 500 companies had reported Q4 results, with analysts forecasting an 8.2% year-over-year EPS increase—down from 13.6% in Q3 but still marking the 10th consecutive quarter of earnings growth for the index. Wall Street has revised upward expectations for tech firms, driven by AI-related revenues. This week’s calendar includes reports from Procter & Gamble (PG), 3M (MMM), D.R. Horton (DHI), GE Aerospace (GE), Abbott Laboratories (ABT), and Capital One (COF). The market remains focused on whether broader sectors can sustain momentum beyond Big Tech.