Wed Jan 21 outlook

The SPY closed yesterday at 202.05. It is currently trading around 201.50 in the pre-market.

Here's what I'm watching today with commentary from www.marketwatch.com and my notes below:

In late action Tuesday, Netflix Inc. NFLX, +19.40%  reported adjusted earnings of 72 cents a share on revenue of $1.49 billion. Analysts surveyed by FactSet had expected earnings of 45 cents and revenue of $1.49 billion. The streaming video-service said it added 4.33 million net subscribers in the fourth quarter, and expects to add 4.05 million new members in the current quarter, topping analyst expectations.
TT Notes:
Avg/max/min moves

NFLX

6.0

17.1

2.6

Cree Inc. CREE, +4.76%   posted fiscal second-quarter earnings of 33 cents a share on revenue of $313.2 million. Analysts expected 22 cents a share on revenue of $412.1 million.
TT Notes:
Avg/max/min moves

CREE

5.6

7.8

1.6

International Business Machines Corp. IBM, -3.05%  reported lower-than-expected sales, while topping profit estimates. IBM reported adjusted fourth-quarter earnings of $5.81 a share on revenue of $24.11 billion. Analysts had expected $5.44 per share on revenue of $24.83 billion.
TT Notes:
Avg/max/min moves

IBM

1.6

3.1

0.9

NEW YORK (MarketWatch) -- Shares of Qualcomm Inc. QCOM, +1.67% fell 3.1% in premarket trade Wednesday, after a report that Samsung Electronics will no longer use Qualcomm's chips in the next version of Samsung's Galaxy S smartphone. Samsung is Qualcomm's largest customer, as it accounts for 21% of Qualcomm's revenue, according to FactSet.