looks like yet another good Citron call from yesterday - $15 to go to their $300 pt https://twitter.com/CitronResearch/status/973195194018353152
wish they would go back to doing more penny stocks along with tweeting more than they do b/c so far, they have been pretty right on!
NFLX up 7% on subscriber growth numbers. Netflix shares jump more than 7% after subscriber growth tops Wall Street estimates Source: https://www.cnbc.com/2018/04/17/net...criber-growth-tops-wall-street-estimates.html The streaming giant said Monday after the close it added a total of 7.41 million subscribers in the first quarter. Analysts polled by FactSet expected Netflix to add a total of 6.5 million subscribers. "Overall, NFLX continues to execute extremely well, emphasizing its case as the best global, secular growth story in tech," a J.P. Morgan analyst notes.
As technology improves, more consumers will be able to download content quickly via the web and play it on their televisions or alternative devices. What's more, Netflix's expansion outside the U.S. could remain unprofitable and drag on cash flow due to different tastes and lower video consumption. I do not feel positive about Netflix's future.
While the landscape for original content has become increasingly competitive with new market entrants (Fox remains a wild card), Netflix remains in a unique position of strength to grow its content and distribution channels over the next couple of years.
The first mover advantage Netflix has enjoyed over the last 10 years is already well reflected in the stock price. But I wouldn't buy or sell short a stocks like Netflix ath these levels simply because it has too strong of a following (likeTSLA) and there is no telling how the street will react to a Disney or Comcast acquisition of Fox. The space is big enough for more than one player to compete.
Of course, valuing NFLX on fundamentals makes no sense. But based on the gathering the stock has, and I can't believe I am about to say this, it can actually continue on its run with whatever little help the market offers. If $347.96 hold by the end June 2019 and $372.01 by the end of next year, there isn't much of a reason to abandon the trade. However, to keep the momentum alive -- $415.17 and $432.22 will need to hold into the middle and end of next year, respectively. All told this can rally last up to $543.00 and as high as $615.44 in a few years time before we can call into question the end of the run.
Netflix started 2018 with strong subscriber growth as the firm beat its guidance once again. While segment contribution came in above analysts' projections, the firm pushed out its content and marketing spend into the second half of the year.
Closer to $300 and I start liking it. I see a lot of people freaking out over "ads" in Netflix. While I am not fan of ads in my service, these are essentially in-network invitations to come view another show the person may be interested in. Im trying to see Netflix's side on this, Im curious to see if community backlash has any effect.
From what I understand (have not seen it yet) they are including the ability to "skip" I don't think it will be a major backlash but jury is still out...
Im not sure what benefit these ads even have to Netflix because they are simply advertising their own content. Outrage seems overdone.
Me neither, it could be geo targeted for now, but even if an ad does pop up, its skipable. Still, I prefer my binges ad free.
It's definitely tempting. I prefer some more clearly defined support though, and, I don't see that until $250 so this would probably be a pass for me. Wouldn't be surprised to see it go up though.
