Slowdown: Gloomy Netflix forecast erases much of stock’s pandemic gains (NFLX -20.28%)
Stalled: Peloton loses $2.5B in market value after report on production pause (PTON -23.93%)
Expansion: Sources tell Reuters that Intel is planning a $20B chip manufacturing site in Ohio (INTC -2.95%)
Later Today 🕒
IHS Markit Ltd. Earnings (INFO)
Schlumberger N.V. Earnings (SLB)
Huntington Bancshares Inc. Earnings (HBAN)
Ally Financial Inc. Earnings (ALLY)
First Hawaiian Inc. Earnings (FHB)
Today’s Market Terminology: Target Leverage Ratio
Target Leverage Ratio is the ratio of the market value of debt to the total market value of the firm that the management seeks to maintain
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