Although Twitter was ablaze this weekend with tweets about Netflix's (NFLX) fourth season of "House of Cards," investors weren't liking the stock on Monday as the shares tumbled 6%, making it one of the worst performers in the S&P 500.
Perhaps investors felt our own election cycle is resembling the Washington D.C.-based drama's story arc too closely. Or maybe, they agree with ITG Research, which issued a note on Monday, which reportedly said that Netflix's expectation that it will have 1.75 million new subscribers in the first quarter may be too ambitious. Or maybe, investors are just feeling depressed after too munch binge-watching, as this article in the New York Post suggests.
The broader market performed better on Monday with the S&P 500 up 0.09% , the Dow Jones Industrial Average gaining 0.40%, and the Nasdaq falling 0.19%
Oil, once again, was a big winner, as the price of crude was up nearly 5.5% Monday and just below $38 a barrel.
A number of energy names followed along with Monday's oil rally and some posted larger gains as shorts rushed to cover their positions. Murphy Oil (MUR) gained 12.62% and Southwestern Energy (SWN), a member of Real Money's "Stressed Out" index, rose 9.71%.
Shares of Urban Outfitters (URBN) are up 6% after the close, after the Philadelphia-based retailer posted fourth-quarter earnings of $0.61 per share on $1 billion in net sales. Shares of the company are down 29% over the last year and investors have worried about the health of teen apparel companies as the younger generation appears to prefer spending their allowance on tech toys.
"While apparel sales underperformed during the fourth quarter, I am pleased with the merchandise margin improvement delivered by the brands," said CEO Richard Hayne in the company's earnings release. "Additionally, our expansion categories performed above our expectations and continue to give us confidence in our future growth opportunities."