Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Earnings top our list this morning. Netflix (NFLX), shares surged to a record after the streaming service added 5.2 million subscribers in the second quarter, crushing even its own estimates.
Dow component Johnson and Johnson (JNJ) lifted its profit outlook for the year after it posted earnings that topped expectations thanks to strong demand for some of its newer products. However, competition for some of its key drugs and a stronger dollar put pressure on revenue, which missed forecasts.
UnitedHealth’s (UNH) exit from the Obamacare marketplaces didn’t put a damper on growth in the second quarter. The health insurance provider raised its profit outlook for the year after reported better-than-expected earnings for last quarter thanks largely to growth in its pharmacy benefits business. Revenue was roughly in line with analysts’ estimates, rising about 8% from a year ago.
Tesla (TSLA) CEO Elon Musk is making good on his promise to diversify the company’s board. The electric auto maker is adding two independent directors Ebony Media’s CEO Linda Johnson Rice and 21st Century Fox (FOX) CEO James Murdoch. The move follows complaints from some Tesla shareholders that too many board members had ties to Musk.
And finally, investors are keeping an eye on PayPal (PYPL) today. The payment system is teaming up with Visa (V) to offer debit cards in Europe, according to the Financial Times. The deal gives PayPal a solid hook into brick-and-mortar while Visa benefits by gaining PayPal clients. The agreement also makes it easier for PayPal customers to shop wherever Visa is accepted.