(EMAILWIRE.COM, October 25, 2011 ) Chicago, Ill. -- And just when one thought things could not get any worse for Netflix.
The movie rental giant suffered yet another setback on Monday following a poor earnings report. Turns out, more people fled Netflix than expected after the company changed its pricing plans.
Shares of Netflix (Nasdaq: NFLX) closed at 118.84 on Monday. In after hours trading, however, shares plummeted to 85.75, down nearly 30 percent. NFLX was trading over 300.00 earlier this year.
According to The Stockfather (http://www.thestockfather.com), publisher of a free stock stock alert newsletter, NFLX is one to definitely watch on Tuesday because if it opens in the eighty-dollar range, it could bounce up.
Another stock to watch for a bounce is SXC Health Solutions. The Nasdaq stock which trades under the ticker SXCI closed at 43.37, down 13.05 or 23 percent.
SXC Health Solutions Corporation provides pharmacy benefits management services and healthcare IT solutions to the healthcare benefits management industry.
Other stocks making noise heading into Tuesday include McDonalds (NYSE: MCD) and 3M Company (NYSE: MMM).
Shares of MCD closed Monday at 92.01 which is very close to its 52-week high, reports The Stockfather. Analysts feel one of the reasons is the fast food chain recently brought back its popular McRib sandwich.
3M has earnings coming out on Tuesday. The Stockfather states that shares of 3M could make a move in response to that news. Shares of MMM closed at 82.18 on Monday with a 52-week range of 68.63 - 98.19.
The Stockfather searches the markets (from OTC to NYSE) for stocks positioned to make big gains. Stocks and companies are featured on The Stockfather web site and e-newsletter.
Disclaimer:
For this news release, The Stockfather was not paid to profile the company(ies) or stock(s) mentioned. The Stockfather does not own any shares of the stock(s) mentioned. The Stockfather is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should visit www.thestockfather.com for further disclosure information.
