Midday movers: Bed Bath&Beyond, Chegg, Zoom Video and more
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- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
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- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
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- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Wall Street analysts see Zoom's (ZM) workforce reduction as a positive, but remain neutral
February 8, 2023 11:58 AM ESTZoom (NASDAQ: ZM) announced Tuesday that it is cutting about 1,300 jobs, or nearly 15% of its workforce, resulting in its share price gaining more than 9% on the day.
While the stock has fallen around 3% so far on Wednesday, Wall Street analysts remained Neutral on the stock, despite the move.
Wells Fargo's Michael Turin said Zoom's headcount reductions signal margin expansion... More
