US PRE-MARKET MOVERS: NFLX, PRGS, KHC, UAL, NVDA, JNJ, TFC, HAL, TRV

ES -0.1% NQ -0.2% RTY flat

• NFLX -7%: Despite modest earnings beat, as investor focus shifted to the costly & uncertain bidding war for WBD; Light Q1 profit view & paused share buybacks
• PRGS +6.5%: EPS & rev. beat w/ strong next Q & FY guidance
• KHC -5.5%: Disclosed that Berkshire Hathaway may sell its 27.5% stake, valued at ~$7.7bln
• UAL +3.5%: Top & bottom line beat w/ solid outlook
• NVDA +0.4%: CEO Huang plans to travel to China in late Jan. to reopen the AI chip market
• JNJ -2.6%: Profit missed
• TFC -1.6%: Earnings & rev. fell short of exp.
• HAL +3%: EPS & rev. topped Wall St. consensus
• TRV +1.8%: Profit & rev. impressed, authorised additional $5bln share buybacks & remain highly confident in the outlook