Netflix may put a near 24 percent sell-off it behind it with shares rising after global subscriber growth tops 48 million, earnings beat predictions, and plans for higher new membership fees ease growth fears. Conway G. Gittens reports.
Summary: Stocks march higher; Netflix stock jumps on results; Girl power boosts Hasbro results; Halliburton forecasts better profits; Ford to name Fields next CEO-source. Bobbi Rebell reports....
The second largest U.S. tobacco company, Reynolds American, has invited back CEO Susan Cameron to help breathe new life company's cigarette brands. Cameron retired in 2011 before being re-hired. She's just one of many CEO's who have recently returned to the helm of their former companies, including Alan George Lafley of Proctor and Gamble and Myron Ullman of J.C. Penney. It seems as though corporate America prefers the chief executive it already knows, as more companies turn to veteran leaders. Video provided by TheStreet
First quarter earnings results have more than met expectations thus far and certainly justify last year's multiple expansion, says Patrick Chovanec, Chief Strategist at Silvercrest Asset Management. Chovanec says the best way to play U.S. economic growth is via the energy, agriculture and technology sectors. He is less positive about Chinese growth and expects the Chinese economy to get worse before it gets better. However, he says problems in China will not undercut U.S. growth or market momentum. Video provided by TheStreet