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