Netflix looks to rebound, Salesforce workers pressure company, Barclays rates Spotify

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Netflix (NFLX) is looking to recover this morning, following its worst sell-off in 2 years.  After climbing nearly 100% so far this year, the stock slid 6.5% on Monday. Netflix is facing new headwinds after the ouster of its communications chief for using a racial slur.

Salesforce (CRM) is facing a backlash from some employees over its contracts with the Trump administration. Bloomberg says hundreds of workers have signed a petition, demanding the company re-evaluate those contracts in light of the recent border crackdown. Salesforce says it welcomes the conversation with its workers – and that its software isn’t used by Customs and Border Protection to separate families.

Spotify (SPOT) is looking to get a boost today, after sliding with the markets on Monday. Barclays just rated the stock “overweight” and set a price target of $210 a share. That’s well above Spotify’s $182 all time high. Barclays praised the company’s ability to innovate and create ‘best in class’ user experiences.

A big deal for U.S. defense giant Northrup Grumman (NOC). It’s selling long-range drones to Australia for more than $5.1B. The Triton drones have the wingspan of a 737 and will be used in surveillance missions. Australia is responsible for patrolling parts of Southeast Asia and the Pacific and Indian Oceans as part of an international intelligence network.

Scroll to continue with content

What to Read Next