📈 Netflix's Blockbuster Quarter

Good Morning!

Yesterday was a tough day for the economy with investors worried about the Federal Reserve potentially raising rates despite signs of a slowing economy, causing the Dow to lose 0.76%. On the other hand, China's stock market is on a roll heading into a week-long break for the Lunar New Year. This is the fourth straight week of gains for the index, which has surged 19% from an October low.

In other news, Netflix shares surged 5% as global subscribers grew by 7.66 million, beating their 4.5 million estimate - It's like they're on a mission to make us all couch potatoes. For those interested in swing trading, we'll be exploring the 7 best swing trading books to buy in 2023.

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Markets

Stocks close lower on Thursday, Dow and S&P 500 notch third day of losses (3 minute read)The market had a tough day on Thursday, with investors worried about the Federal Reserve potentially raising rates despite signs of a slowing economy. This, coupled with speculation on unemployment reports, caused the Dow Jones Industrial Average to lose 0.76%. However, the 30-stock index is still down 0.31% for the year, and the S&P 500 and Nasdaq Composite are still positive for the year despite falling 0.76% and 0.96% respectively.

European markets muted as investors weigh Fed risks (4 minute read)European markets opened relatively stable today with the Stoxx 600 index not seeing much change. Insurance stocks are up at 0.5%, but auto stocks are down by the same amount. The markets closed lower yesterday due to some not-so-great retail sales figures coming out of the US which has resurfaced some worries about a recession. Investors are also getting a bit nervous that the Federal Reserve will keep raising interest rates despite some signs of slowing inflation.

China Stocks Near Bull Market Ahead of Lunar New Year Holidays (3 minute read)China's stock market is on a roll heading into a week-long break for the Lunar New Year. The CSI 300 Index, China's equity benchmark, ended Friday just shy of a bull market, with a 0.6% increase. This is the fourth straight week of gains for the index, which has surged 19% from an October low. Investors are betting on increased retail spending and a better business environment due to President Xi Jinping's moves to exit Covid-Zero and focus on growth.

Investing

3 Top Passive-Income Stocks to Own in 2023 (7 minute read)Investors have faced tough times in the past year with major indexes hitting bear territory and strong stocks declining. However, difficult periods do not last forever and one way to cushion a portfolio from shock is by investing in dividend stocks, which provide passive income during both good and bad times. In this article, the Motley Fool deep dives into Johnson & Johnson (JNJ), Abbott Laboratories (ABT), and Target (TGT) as dividend kings for 2023 and beyond.

Netflix shares surge 5% on Q4 subscriber beat (5 minute read)Netflix had a blockbuster quarter - global streaming paid net additions grew by 7.66 million, which is well ahead of their 4.5 million estimate. This was driven by both strong acquisition and retention, thanks in large part to the success of their Q4 content slate. Although their earnings per share might not have been Oscar-worthy, coming in at $0.12, their revenue was a box office smash, reaching $7.85 billion. The company also announced that Reed Hastings will be stepping down as co-CEO and will be taking on the role of executive chairman.

If Crypto Winter Really Thaws, Consider These ETFs (4 minute read)2022 was a rough year for digital currencies with Bitcoin losing almost two-thirds of its value and other smaller cryptocurrencies suffering even bigger losses. As a result, some big investors are calling for more regulation in the crypto market. We'll have to wait and see how regulations shape up in 2023, but if the crypto market starts picking up again, Todd Shriber from NASDAQ suggests checking out these equity-based ETFs: Invesco Galaxy Crypto Economy ETF, VanEck Digital Transformation ETF, and Siren Nasdaq NexGen Economy ETF as potential options.

Money

The 7 Best Swing Trading Books in 2023 (12 minute read)Swing trading is a popular investment strategy that involves taking advantage of short-term price swings in the stock market. It can be an effective way to make money but it requires discipline and knowledge. Fortunately, there are many books out there that can help you get started with swing trading and become a successful investor.

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