Market Movers Today: ResMed Inc. (RMD), Johnson & Johnson (JNJ), Netflix, Inc. (NFLX), Procter & Gamble Co (PG), and More

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Netflix, Inc. (NASDAQ:NFLX) (The Motley Fool)
What happened: Shares of Netflix (NASDAQ:NFLX) soared to new all-time highs on Tuesday, following the release of strong fourth-quarter results. The stock opened 13.2% higher and settled down at a 10.8% gain just before noon EST. So what: In the fourth quarter, Netflix added 8.3 million net new subscribers while also raising prices. Top-line sales increased 33% year over year to $3.3 billion, nearly tripling GAAP earnings to $0.41 per share.

Freeport-McMoRan Inc (NYSE:FCX) (Seeking Alpha)
Base metal mining companies including Freeport McMoRan (FCX -3.4%) and Teck Resources (TECK -2.5%) are smacked as copper prices fell after inventories surged the most in 10 months. Bloomberg analyst Andrew Cosgrove foresees more sideways to downward movement in the short run, with key catalysts including select physical market indicators remaining soft, better output visibility from miners as a result of earnings season and weaker seasonal demand in China.

Pretium Resources Inc (NYSE:PVG) (Benzinga)
Pretium Resources Inc (NYSE:PVG) tumbled 22 percent to $8.42 after the company issued an operations update of ramp-up at the high-grade gold Brucejack Mine for fourth quarter 2017 and the first six months. The company also issued guidance for the first six months of 2018.

Travelers Companies Inc (NYSE:TRV) (MarketWatch)
Travelers Cos. Inc. TRV, +5.08% shares rose 3% in premarket trade Tuesday after the company reported fourth-quarter profit and revenue beats in spite of charges related to devastating wildfires in California. Earnings for the latest quarter declined to $551 million, or $1.98 per share, from $943 million, or $3.28 per share in the year-earlier period. The results include a charge of $129 million related to the Tax Cuts and Jobs Act of 2017 and net realized investment gains of $70 million pre-tax, compared with $35 million in the year-earlier period, the company said.





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