Netflix stock tumbles, Johnson & Johnson falls, Halliburton and United Airlines climb

The latest quarter from Netflix (NFLX) left Wall Street wanting more, Yahoo Finance’s Brian Sozzi writes.

Read more here.

Oil services provider Halliburton (HAL) posted better-than-expected earnings and revenue for the fourth quarter, sending its shares up 2%.

The Houston-based company reported profits of $0.70 per diluted share, beating Wall Street estimates of $0.55 per share, according to S&P Global Market Intelligence. Profits were flat from a year ago, when the company also posted earnings of $0.70 per share.

Revenue of $5.7 billion also came in stronger than the $5.4 billion estimated. It was also higher than the $5.6 billion in revenue reported a year ago.

Halliburton’s revenue in its Completion and Production segment was roughly unchanged from a year ago at $3.3 billion, while revenue in the Drilling and Evaluation unit was $2.4 billion, also flat.

While the oil majors have shown reluctance in exploring Venezuelan oil following the US’s removal of Nicolás Maduro (ExxonMobil’s (XOM) CEO called it “uninvestable”), oil infrastructure companies like Halliburton have shown more eagerness to revisit the country.

Reuters reported on Tuesday that the company has started looking at resumes for roles in the country, in a sign that Halliburton may be ready to reenter Venezuela.

Interactive Brokers (IBKR) stock dipped in extended trading after beating expectations for the fourth quarter.

The online broker reported better-than-expected earnings per share of $0.63, compared to Wall Street estimates of $0.58 per share, as compiled by S&P Global Market Intelligence. Revenue rose to $1.64 billion, versus estimates of $1.63 billion.

Interactive Brokers benefited from a surge in trading activity during the final quarter of the year. The company reported that customer trading volume in options, futures, and stocks increased by 27%, 22%, and 16%, respectively, year over year.

The stock has started the year off strong, with an 11% gain since the beginning of 2026.

Listen to the earnings call here.

Yahoo Finance’s Pras Subramanian reports:

Read more about United earnings here.

Industrial bellwether Fastenal (FAST) is battling a “sluggish industrial economy,” the company’s executives said on an earnings call on Tuesday.

After reporting earnings per share of $0.26, in line with analyst estimates, the company’s new CFO Max Tunnicliff said that the industrial sector has “continued to see mixed signals.” Tunnicliff noted that “while some areas showed resilience, others faced continued headwinds that impacted demand and supply chains.”

Shares of Fastenal, which produces an array of products such as bolts, nuts, screws, and studs for industrial manufacturing and construction materials, fell more than 2.5% in afternoon trading Tuesday.

Sales of $2.02 billion slightly missed analyst estimates for $2.04 billion, according to S&P Global Market Intelligence.

Touching on the company’s heavy manufacturing markets, Fastenal president Jeffery Watts added that, while the company hasn’t seen declines, demand has been flat.

“We’re not really seeing [the economy improve], but we’re also not seeing any declines in our manufacturing as far as the year-over-year usage,” he said.

U.S. Bancorp (USB) gained about 1% in midmorning trading on Tuesday after the Minneapolis-based super-regional bank reported better-than-expected earnings for the fourth quarter on the back of strong consumer deposits.

The U.S. Bank parent reported $4.31 billion in net interest income, a 3.3% annual rise that topped Wall Street estimates for $4.28 billion. Revenue of $7.36 billion also beat estimates of $7.31 billion, according to S&P Global Market Intelligence.

Earnings of $1.26 per share came in higher than the $1.19 per share the Street was expecting.

U.S. Bancorp said it achieved record consumer deposits in the fourth quarter and saw green shoots in the beaten-down commercial real estate sector.

“The effectiveness of products like bank smartly, more sophisticated pricing capabilities, and a significant overhaul of skills, training, digital tools and incentives, together with investments in our branches drove our performance,” CEO Gunjan Kedia said on the earnings call. “Additionally, commercial real estate loans also showed modest growth after 11 quarters of decline.”

Like other bank executives, Kedia weighed in on the proposed 10% credit card rate limit President Trump has floated. Kedia estimated that over 90% of U.S. Bancorp’s clients would see “a detrimental impact” if that rate cap were enacted, and that 50% would face a “crushing” impact.

“We have observed that just in the last few days, the conversation around the rate cap has shifted more productively to options for customers to help them in the short term,” Kedia added.

Homebuilder D.R. Horton’s (DHI) first quarter earnings were better than expected, but a sluggish housing market marked by affordability concerns weighed on results.

The company reported earnings per share of $2.03, beating estimates of $1.93, according to S&P Global Market Intelligence. Revenue of $6.8 billion also topped expectations of $6.6 billion, but fell from $7.6 billion a year ago.

Net sales orders increased 3% to 18,300 homes, which was slightly below estimates. Homebuilders have increased sales incentives in recent months to try and entice buyers off the sidelines. That, coupled with lower mortgage rates, has sparked some optimism that the housing market could improve.

D.R. Horton reiterated its full-year 2026 guidance for revenue in a range of $33.5 billion to $35 billion. The company expects to close 86,000 homes to 88,000 homes by the end of the year.

Listen to the earnings call here.

Post-it Note maker 3M (MMM) reported adjusted earnings per share that beat Wall Street expectations on Tuesday, but the stock fell 5% as part of a broader market sell-off.

The Minnesota-based company posted adjusted earnings, which strip out one-time costs, of $1.83, compared to analysts’ forecasts of $1.80, according to S&P Global Market Intelligence. The company expected temporary charges from tariffs and stranded costs from removing PFAS materials from its products. In Q4, 3M realized $0.56 per share in net costs from litigation.

Sales grew 2.1% in Q4 to $6.1 billion, topping expectations for $6 billion in sales.

For 2026, the company expects adjusted sales growth of around 4% for full-year adjusted EPS of $8.06. Full-year operating cash flow is expected to be $2.3 billion.

“2025 was an important year for 3M as we build a strong foundation that is reshaping our operating model and driving sustainable value creation,” 3M CEO William Brown said.

Despite the market holiday on Monday for MLK Day, the flow of earnings strengthens next week with 35 S&P 500 companies scheduled to report results. Here are some names to watch.

Monday: No major earnings reports. Markets are closed.

Tuesday: Netflix (NFLX), United Airlines (UAL), Interactive Brokers (IBKR), 3M Company (MMM), US Bancorp (USB), Fastenal (FAST), D.R. Horton (DHI), Fifth Third Bancorp (FITB), KeyCorp (KEY), Wintrust Financial Corporation (WTFC)

Wednesday: Johnson & Johnson (JNJ), Charles Schwab (SCHW), Prologis (PLD), Truist Financial (TFC), Kinder Morgan (KMI), Travelers (TRV), Halliburton (HAL), Teledyne Technologies (TDY), Citizens Financial Group (CFG), Ally Financial (ALLY), Pinnacle Financial Partners (PNFP)

Thursday: GE Aerospace (GE), Procter & Gamble (PG), Intel (INTC), Abbott Laboratories (ABT), Intuitive Surgical (ISRG), Capital One (COF), Freeport-McMoran (FCX), CSX Corporation (CSX), Huntington Bancshares (HBAN), Northern Trust (NTRS), McCormick & Company (MKC), Alcoa Corporation (AA), East West Bancorp (EWBC), Mobileye Global (MBLY)

Friday: SLB N.V. (SLB), First Citizens BancShares (FCNCA), Booz Allen Hamilton (BAH), Comerica Incorporated (CMA), Webster Financial Corporation (WBS), Moog Inc. (MOG-A, MOG-B), United Bankshares (UBSI)

Results from Morgan Stanley and Goldman Sachs on Thursday added to predictions of another strong year for Wall Street operations.

Bloomberg reports:

Read more here.

State Street (STT) stock fell more than 2% in premarket trading after a repositioning charge weighed on otherwise strong profits.

The asset manager reported rising revenue of $3.7 billion in the fourth quarter, driven by increased fee revenue and topping Wall Street analyst expectations for $3.6 billion in revenue, according to S&P Global Market Intelligence data. Net interest income increased by 7% year over year.

State Street’s assets under custody increased 16% year over year to $53.8 trillion, primarily due to higher market levels and flows. Assets under management in the fourth quarter, meanwhile, increased 20% to $5.7 trillion.

However, net income of $747 million declined 5% year over year. State Street’s GAAP earnings per share of $2.42 missed expectations of $2.45 per share. State Street’s overall expenses increased 12%, which the company largely attributed to a $226 million repositioning charge.

On Thursday, State Street launched its digital asset platform, which offers tokenized assets such as stablecoins and money market funds. The custody bank joins the fray of financial institutions pushing into crypto and tokenized assets, including Bank of New York Mellon (BK), JPMorgan (JPM), and Goldman Sachs (GS).

“This launch marks a significant step in State Street’s digital asset strategy,” State Street president Joerg Ambrosius said of the platform. “By pairing blockchain connectivity with robust controls and global servicing expertise, we’re enabling institutions to confidently embrace tokenization as part of their core strategy with an organization like us that they can trust.”

Freight and logistics company J.B. Hunt (JBHT) reported a 2% decline in revenue year over year, led by weaker volumes and revenue in its main Intermodal segment.

The Arkansas-based company posted diluted earnings per share of $1.90 for the fourth quarter, topping Wall Street analysts’ expectations of $1.82 per share, according to estimates on S&P Global Market Intelligence. Total revenue of $3.1 billion came in line with estimates but declined slightly from $3.15 billion in the fourth quarter of 2024.

In the Intermodal segment, its largest by revenue, the company reported a 2% decline in volume, driven by a 6% decrease in transcontinental network loads between US ports, Mexico, and Canada year over year (though eastern network loads increased 5%). J.B. Hunt also saw weakness in its last-mile segment due to softer demand in end markets, the company said.

The stock fell 4% in after-hours trading as the company’s earnings call began. Listen to the call live here.

Chip stocks broadly rose on Thursday after TSMC (TSM) beat Wall Street’s expectations and its chief executive, C.C. Wei, dismissed AI bubble concerns.

Yahoo Finance’s Laura Bratton reports

Read more here.

Like Goldman Sachs, Morgan Stanley’s (MS) fourth quarter benefited from a boom in Wall Street dealmaking.

Morgan Stanley reported an 18% lift in profits in Q4 as its total client assets in wealth and investment banking grew by $350 million to reach $9.3 trillion. Net income rose to $4.4 billion, or $2.68 per diluted share, from $3.7 billion a year ago. Analysts were expecting earnings per share of $2.45, according to S&P Global Market Intelligence.

The standout in the quarter was Morgan Stanley’s investment banking revenues, which increased 47% year over year to $2.4 billion. The company’s debt underwriting revenue, in particular, nearly doubled year over year to $785 million.

Revenue in the wealth management unit also surged 13% to $8.4 billion, compared with $7.5 billion a year ago.

For the full year, Morgan Stanley reported record net revenue of $70.6 billion and net income of $16.9 billion. However, the stock wavered in premarket trading.

Yahoo Finance’s David Hollerith reports:

Read more here.

Taiwanese chipmaker TSMC (TSM) stock jumped 6% in premarket trading on Thursday after the world’s largest manufacturer of semiconductors reported a 35% surge in fourth quarter profit and delivered a strong outlook.

In the fourth quarter, TSMC reported revenue of $33.73 billion, topping the company’s own guidance and Wall Street estimates of $32.8 billion, according to S&P Global Market Intelligence. Fourth quarter profits per ADR share hit a record $3.14, above expectations for $2.98 per ADR unit.

For the first quarter, TSMC expects revenue of between $34.6 billion and $35.8 billion, with gross profit margins between 63% and 65%.

The company also said it expects 2026 revenue to increase by close to 30% year over year as artificial intelligence supports strong demand for its chips. TSMC counts Nvidia (NVDA) and Apple (AAPL) among its customers.

Read more here from Reuters or listen to a replay of the earnings call here.