5 Stocks to Watch Today: Netflix, Coinbase, Alphabet, SVB Financial & More

Netflix saw a 6% increase in their stock after the streaming giant added 7.66 million net subscribers in the fourth quarter, surpassing the 4.57 million that was anticipated by StreetAccount. Founder Reed Hastings also declared that he is leaving his position as CEO. The company's earnings per share of 12 cents was lower than the 45 cents that Refinitiv had predicted, but this was mainly due to the effect of currency on debt.

Alphabet, the parent company of Google, experienced a 4.2% increase in stock prices after CEO Sundar Pichai declared that 12,000 employees would be let go. Pichai stated in a memo that the organization had hired personnel for a different economic situation than the one they are currently facing.

Coinbase, a crypto services company, saw a 6.6% increase in its stock after JPMorgan reaffirmed its neutral rating on the company. The bank noted that Coinbase could be a potential beneficiary of the issues that other brokers and exchanges have faced since the collapse and bankruptcy of FTX.

Shares of Eli Lilly, a pharmaceutical company, dropped by more than 2% after the U.S. Food and Drug Administration declined to approve the company's experimental Alzheimer's disease treatment due to insufficient trial data.

Shares of SVB Financial skyrocketed 16% the day after Wells Fargo declared the bank to be the "deal of the century" and a "trusted partner of the innovation economy." Although SVB Financial reported an earnings miss on Thursday, its fourth-quarter net interest of $1.05 billion was higher than the StreetAccount's estimate of $1.01 billion.

Shares of Ralph Lauren saw a 3% increase in value after Barclays upgraded the company's stock to overweight from equal weight. Barclays noted that investors are attracted to the apparel brand's impressive history of elevating its brand.

Shares of PPG Industries rose 5.2% after the company reported financial results that were in line with what analysts had predicted. The manufacturer reported adjusted earnings of $1.59 per share on $20.77 billion in revenue, which was in line with the Refinitiv estimates of $1.59 per share adjusted and $20.73 billion in revenue. Additionally, PPG Industries reaffirmed its full-year earnings growth.

Capital One saw a 5.6% increase in their stock on Thursday, making up for the losses from the day before. This came after reports that the company had eliminated 1,100 positions in their technology sector.

Shares of PagerDuty rose by over 5% after Morgan Stanley upgraded the software company from equal weight to overweight. The investment firm believes that PagerDuty is on track to become profitable.

Concentrix saw a 1.7% decrease in stock after the IT service management company released quarterly results that were not as strong as anticipated. The company reported earnings of $3.01 per share on revenue of $1.64 billion, while analysts surveyed by StreetAccount had predicted earnings of $3.33 per share on revenue of $1.68 billion.

Shares of Ally Financial surged 19% after the company reported quarterly results that exceeded expectations. Adjusted earnings per share of $1.08 beat the 97 cents a share that analysts had predicted, and revenue was also higher than anticipated.

Shares of American Tower dropped 2.4% following reports that the company may be considering a takeover of Spanish firm Cellnex. In response, Cellnex's stock rose by over 8%.