The story of the day is Netflix (NFLX) , proving that it is no "House of Cards," as the company reported stronger-than-anticipated results late Monday. Shares were soaring by more than 19% during midday trading Tuesday. Earnings of $0.12 per share on revenue of $2.29 billion surpassed analysts' estimates of earnings of $0.06 a share on revenue of $2.28 billion. But it was subscriber growth that really moving the needle today. Netflix added about 400,000 domestic subscribers and 3.2 million international subscribers in the quarter.
"It is so clear that this is a hit-driven company," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning. "In this case, it was 'Narcos' -- and 'Narcos' was gigantic."
Domino's Pizza (DPZ) also surprised Wall Street with strong third-quarter results. Earnings of $0.96 a share beat analysts' estimates of $0.90 per share. Revenue of $566.7 million for the period also topped expectations of $543 million. Same-store sales in the U.S. surged 13%.
"This is an amazing, amazing quarter," Cramer said on "Squawk on the Street."
"They are really executing at a very high level," Cramer added, "They're doing a fantastic job. They're getting it."
Meanwhile, Harley-Davidson (HOG) shares were rising during the trading session Tuesday, after it posted in-line results for the 2016 third quarter. The motorcycle manufacturer reported earnings of $0.64 per share, which was in line with analysts' expectations. Consolidated revenue was $1.27 billion for the period; revenue from motorcycles and related products was $1.09 billion, meeting forecasts.
Harley-Davidson will also "streamline" operations in the fourth quarter on the back of declining industry growth in the U.S.: Retail motorcycle sales fell 7.1% year-over-year in the U.S. The company expects charges between $20 million and $25 million in the fourth quarter to cover employee separation and reorganization costs.
Finally, investors seem to be pretty positive on the banks. After JPMorgan Chase (JPM) , Wells Fargo (WFC) , Citigroup (C) , Bank of America (BAC) and Goldman Sachs (GS) all beat Wall Street's expectations, shareholders seem fairly confident that Morgan Stanley (MS) will do the same. The bank's shares were rising into its third-quarter earnings report before Wednesday's opening bell. Analysts are forecasting earnings of $0.63 per share on revenue of $8.13 billion.