FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Stock Market Report on Boeing Company, Netflix, Inc., FedEx Corp. and Micron Technology, Inc.
Boeing Company (NYSE: BA) shares tumbled by 4% on Monday after reports surfaced that the aircraft manufacturer could temporarily halt the production of the 737 MAX planes after it was reported that U.S. aviation regulators likely won’t clear the airplanes for flight until after 2020.
The same day, Netflix, Inc. (NASDAQ: NFLX) released metrics revealing its user base growth in international markets, in an effort to redirect eyes to its international growth and away from the highly competitive US market. Overall, Netflix has 158.3 million members globally.
Then on Wednesday morning FedEx Corp. (NYSE: FDX) shares cratered by 7.3% after the Company missed its second-quarter earnings and revenue estimates. The company earned just $2.51 cents per share on revenues of 17.32 Billion dollars while also lowering its 2020 guidance.
Lastly, Micron Technology, Inc. (NASDAQ: MU) reported its first-quarter results on Thursday before the market open and beat out analyst estimates across the board, earning 48 cents per share on 5.14 billion dollars in revenue, however, it was the positive trends in its DRAM and NAND memory market that sent shares upward.
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