If the next leg down in the markets fail to take NFLX down below $300, I would be adding to positions.
Of course. What do you do when the government orders you to stay at home? Many people will say WATCH NETFLIX!
Netflix (NFLX) Back to Outperforming Wed, Apr 15, 2020 In an earlier post, we highlighted Netflix (NFLX) as one of the stocks benefiting from the COVID-19 economy. Yesterday, it managed to reach a new 52 week high and today was up nearly 5% at the intraday high. That brings the stock to a new all time high, surpassing the previous record closing high from July 9th, 2018. That is while the broader market, the S&P 500, is down well over 2% on the day. That type of outperformance has not necessarily been the norm over the past two years. As shown in the second chart below, while NFLX tended to outperform the rest of the market (a rising line indicates NFLX outperforming the S&P 500 and vice versa) in the first half of the past five years, after its July 2018 peak, that outperformance began to subside. Another way of showing this is performance over the last two years. At the time of the S&P 500's high on 2/19, the performance of NFLX and the S&P 500 since mid April of 2018 were basically dead even at 25.5% and 26.5% respectively. After both saw those gains erased, NFLX's recent surge leaves it up nearly 40% over the past two years while the S&P 500 is only up 3.5%.
I'm up 14% with Netflix. Do I sell or roll the dice and wait for possible earnings bounce next week. What to do, what to do.
This news is explictly about Netflix, implicitly about Disney+ Netflix is [getting] new praise from Credit Suisse, which sees the streamer firming up its leadership and facing few threats. “Netflix continues to capture a growing share of global video consumption, and we do not see Netflix ever yielding its leadership position to ‘the old guard,’” analyst Douglas Mitchelson says. Aside from "the old guard," he adds that there will be little to no impact from the launch of new streaming services either.
That is an opinion I've held for awhile too. Netflix just has far too large of a variety, and I rarely hear about people who are unhappy with it or leaving. At least not unhappy enough to leave. I could live on Netflix alone for content (but choose not to of course). If Netflix could add some sort of streaming option for sports, that would be interesting.
I love nflx. It was my one that got away About a decade ago. But just to respond to a couple texts above, i did leave nflx. In favor of a firestick. I have never been happier with my streaming services.
Netflix shares rise 10% on strong subscriber growth, considers share buybacks Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 10% after hours. Here are the key numbers: Earnings per share (EPS): $1.19 vs $1.39 expected, according to Refinitiv survey of analysts Revenue: $6.64 billion vs $6.626 billion expected, according to Refinitiv Global paid net subscriber additions: 8.5 million vs 6.47 million expected, according to StreetAccount https://www.cnbc.com/2021/01/19/netflix-nflx-q4-2020-earnings.html Got lucky today, bought 50 shares at $503.80 and sold them AH at $557.00.
So Netflix has over 200 million subscribers. Subscriber numbers up, revenues up, net income down. $NFLX up strongly in pre market trade. Looks like the market likes their earnings
