The two big earnings events yesterday were Netflix and Texas Instruments. Both stocks fell hard today.
Tonight, the two biggies are Tesla and IBM which – – yep – – also are both falling. I’m not sure what poor schmucks spiked IBM and vastly overpaid for it moments after earnings came out, but it flipped hard the other way.
Maybe one of these days the overall market will get the memo: fundamentals do NOT support these price levels!
