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Forget Starbucks; Netflix, Twitter, HealthEquity Up Late

Dow Jones futures edged lower early Tuesday morning, along with S&P 500 index futures and Nasdaq futures. Starbucks (SBUX) dipped late as Howard Schultz stepped down as chairman. But investors should focus on top stocks. IBD 50 stocks Netflix (NFLX), Twitter (TWTR), HealthEquity (HQY) and Coupa Software (COUP) were active after hours on news.

X

The Nasdaq composite rose 0.7%, hitting a record close. The S&P 500 index advanced 0.45%, edging above a recent range to its best levels since mid-March. The Dow Jones industrial average climbed 0.7%, but it’s still in its recent sideways trend.

Dow Jones Futures

Dow Jones futures fell 0.1% vs. fair value. S&P 500 futures sank 0.1%. Nasdaq 100 futures were just below fair value.

Starbucks

Starbucks stock fell 0.7% late on the news that longtime leader Schultz is stepping down, perhaps with an eye toward political office in 2020. Schultz turned Starbucks into a global coffee-shop giant, changing how Americans and much of the world thinks about coffee. But in recent years the stock has stagnated, with U.S. same-store sales frequently missing views.

Netflix, Twitter Added To Stock Indexes

Netflix stock rose a fraction on news it’ll be added to the Nasdaq 100, home to the Nasdaq’s biggest 100 nonfinancial companies. Twitter will join the S&P 500 index. Twitter stock jumped nearly 4%. Both Netflix and Twitter are already extended from recent buy points.

Netflix has been an IBD Leaderboard stock since early April

HealthEquity

The health-savings-account custodian reported better-than-expected earnings and revenue. HealthEquity stock rose 4.4% late.

Coupa Software

Coupa, whose cloud-based software helps businesses control their spending, topped quarterly views late. Coupa lost 1 cent a share, nearly breaking even and defying views for a widening loss of 11 cents a share. Revenue climbed to $56 million.

Coupa also offered bullish guidance.

Coupa Software stock rose 1.4% late.

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