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Tesla and Netflix Shares Slump on Q2 Results, Nine-Day Win Streak for the Dow? 7/20/23

Jim Cramer and David Faber led off the show with big tech earnings: Tesla shares down sharply despite better-than-expected quarterly results, overshadowed by lower margins in wake of price cuts. Netflix shares also under pressure after the company posted a Q2 revenue miss, even though its password sharing crackdown fueled subscriber growth. Are both stocks worth buying now? Also in focus: More earnings winners and losers, the Dow aims for a nine-day win streak and gets help from Johnson & Johnson's Q2 results and outlook, Taiwan Semiconductor's first profit drop in four years and what it could mean for the chip sector, Blackstone hits $1 trillion in assets, Cramer explains why one particular homebuilder is the "key to this market."

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Broadcast on:
20 Jul 2023

Jim Cramer and David Faber led off the show with big tech earnings: Tesla shares down sharply despite 

better-than-expected quarterly results, overshadowed by lower margins in wake of price cuts. Netflix shares 

also under pressure after the company posted a Q2 revenue miss, even though its password sharing crackdown 

fueled subscriber growth. Are both stocks worth buying now? Also in focus: More earnings winners and losers, 

the Dow aims for a nine-day win streak and gets help from Johnson & Johnson's Q2 results and outlook, 

Taiwan Semiconductor's first profit drop in four years and what it  could mean for the chip sector, 

Blackstone hits $1 trillion in assets, Cramer explains why one particular homebuilder is the "key to this market."

 

Squawk on the Street Disclaimer