Good afternoon everyone. In case you missed it, here’s what happened in the markets this week. Despite the United States government being shut down for a record-setting 28 days, the stock market has ended the week on a positive note. And year-to-date the market has gone a long way towards erasing its losses from 2018.
Articles about the government shutdown I’ve been reading -- Why investors are starting to pay attention to the goverment shutdown from Marketwatch. And Canadian air traffic controllers send pizza to US counterparts affected by shutdown from Good News Network.
Netflix, one of the most watched stocks on Wall Street, released its earnings for the fourth quarter of 2018 yesterday. While Netflix’s revenue came in under estimates, their profit was actually higher than expected. And they managed to add 8.8 million new subscribers worldwide. This has been a busy week for Netflix who announced on Tuesday that they would be raising the price for their monthly subscription from $11 to $13.
Netflix movies worth watching -- For those like me who can never decide what to watch on Netflix here’s a list of the Most inspiring Netflix movies from Daily Burn.
And last but not least, the Wall Street Journal broke the news this week that some U.S. officials are considering lifting tariffs on China in an effort to create progress in the ongoing trade negotiations between the two countries (though this has not been confirmed).
If you’re wondering what a trade deal might look like -- Here’s an article from CNBC China to offer path to eliminate trade imbalance.
I hope everyone has a fantastic weekend. We’ll see you again next week!
*These are the general views of Stanton Burns and they should not be construed as investment advice for any individual. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Stanton Burns does not maintain positions in any securities mentioned as of the writing of this article.