I have not been following NFLX lately but most likely they are losing market share to Amazon and others
I really don't watch many movies from lack of time but I like both Amazon and Netflix. What might give Amazon an edge is if you do a lot of buying and have Amazon Prime the movies are at your fingertip.
The $100 level has been resistance since July, this looks like it could be a good move here if the close is above $100 today.
$NFLX well that was a cute ewave I think today finishes wave 5 and its time to return to 94 wave 4 low
Looks like it's sitting right around some resistance right now, unless it gaps up. If it gets through $105, it shouldn't have much trouble getting up to $110.
I made a killing with put option with last the two ERs. This time I think there will be a surprise. Going with call option for $120 SP
Netflix goes wild as earnings beat, subscribers soar Shares of Netflix stock soared 20 percent on Monday as international subscriber growth blew away guidance. Netflix reported quarterly earnings and revenue that easily topped analysts' expectations on Monday, as sales past $2 billion for the first time thanks to original series like "Stranger Things" and "Narcos." The entertainment technology company posted third-quarter earnings per share of 12 cents on revenue of $2.29 billion in revenue. Analysts polled by Thomson Reuters expect the company to report third quarter earnings of 6 cents per share on revenue of $2.28 billion. The company said it gained 370,000 net memberships in the U.S. and 3.2 million internationally, a total of 3.57 million, handily beating the 2.3 million the company forecast. The company said in July it expected to add 300,000 subscribers in the U.S. and 2 million subscribers internationally in the third quarter. Analysts polled by StreetAccount 309,000 U.S. streaming subscribers and 2.01 million international streaming subscribers. Read More Here...
No matter what happens, you sell this as soon as possible. You lock those gains. Sell off will be ready. Don’t forget the RH Users.
Typically its always good lock in profits when you get a gift like this. It depends on whether you are trading the stock or an investor.
