Source: Benzinga Feeds
The reversal of Tuesday’s weak close, a few earnings reports and as always a discussion on Tesla, were a few of the topics covered on Wednesday’s PreMarket Prep Show . What Virus? Most of the weakness in the markets on Tuesday was attributed to the deadly outbreak of the coronavirus in China and fears of it becoming a major epidemic. Although there were more deaths related to the virus, it appears the Chinese government is making progress in containing it. At least, that’s what the iShares China Large Cap ETF (NYSE: FXI ) was indicating as the issue was recouping much of its earlier losses. The coronavirus was not mentioned once during the entire broadcast. Instead, the strength in the S&P 500 index futures off its 6:00 p.m. EST open and its implications for another green day was discussed. Netflix Volatile After Q4 Report After Tuesday’s close, Netflix, Inc. (NASDAQ: NFLX ) reported an EPS beat along with a slight revenue beat. However, after its nearly $100 rally since October, the report wasn’t good enough.