Diamonds and Dogs
Dow component, Travelers (TRV) bucking the trend. The insurance giant is up 6% following earnings. Travelers beats by 52 cents even though severe storms in parts of the United States pushed up the insurer's catastrophe losses net of reinsurance to $535 million from $160 million a year earlier. However, Travelers battled the storms, will raise prices going forward and will hike their dividend and authorizes an additional $5 billion share buyback.
Netflix (NFLX) lower after missing first quarter subscriber estimates. The streaming giant did beat earnings estimates as revenue rose 3.7% to $8.16 billion. Cash flow continues to grow. Netflix estimates they will generate #3.5 billion in cash flow this year. The stock did get an upgrade with a $390 price target.
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