Apr 21- Summary: Stocks march higher; Netflix stock jumps on results; Girl power boosts Hasbro results; Halliburton forecasts better profits; Ford to name Fields next CEO-source. Bobbi Rebell reports.
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PLEASE NOTE: THIS VIDEO CONTAINS 4:3 FOOTAGE
Fear and anticipation on Wall Street - keeping stocks in line on Monday - waiting for results this week from a number of momentum stocks that have been causing a lot of pain lately.
The major indexes managing modest gains. European markets were closed for the Easter holiday.
Monday's big name - Netflix- after the bell - reporting higher profits- boosted by adding 2 and a quarter million customers to its streaming TV service. And it's going to raise prices on new members- by as much as $2 a month. Netflix stock, a big momentum play which has taken a big hit recently- moved higher.
There were some notable numbers earlier on- including Hasbro. Toys like My Little Pony ponied up some big numbers- girls turned out in big numbers for Hasbro's hits this past quarter; making Mattel's bruised Barbie results looking even worse. Hasbro stock rose on the results.
Christine Short, Director for Global Markets Intelligence, S&P Capital IQ:
SOUNDBITE: CHRISTINE SHORT, DIRECTOR FOR GLOBAL MARKETS INTELLIGENCE, S&P CAPITAL IQ (ENGLISH) SAYING:
"All eyes will certainly be on earnings this week. I think if these companies, this week, perform as you know the first 20% of the S&P 500 has reported for earnings season, we should expect to see momentum continue in stocks. But there is going to be a lot of other factors that come into play here. It's not just earnings, but we are also expecting some economic indicators to report mainly within housing."
Halliburton stock on the rise- the number 2 oilfield services company says profits will jump 25 percent in the current quarter. Its margins are getting better in North America- as is growth in overseas markets.
Pfizer stock also got a boost. The pharma giant may try again to buy British drug company AstraZeneca- going after its cancer drug pipeline. Its previous takeover approach was rejected.
Management changes likely coming at Ford. A source tells Reuters Chief Operating Officer Mark Fields could soon be named to the top job- succeeding 68-year old CEO Alan Mulally- who the source says will step down by the end of the year. Ford declined to comment.
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