Netflix didn't add as many subscribers as expected by a bunch of people on Wall Street who on a quarterly basis govern whether or not it'll be more valuable than Comcast -- and that is probably a bad thing, as it's one of the primary indicators of its future potential for said finance folk. While it's still adding subscribers (a lot of them), it fell below the forecasts it set for itself during the second quarter. This comes amid a spending spree by the company, which is looking to create a ton of original content in order to attract a wider audience and lock them into that Netflix ecosystem.
The U.S. stock market is hours from hitting a notable milestone, but it isn’t one that investors will feel particularly good about. For the S&P, exiting correction territory would require it to rise to 2,839.1, or a 10% gain from its low of the correction.
If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.
Netflix (NFLX) missed expectations on its subscription numbers when it reported earnings on Monday, with total streaming adds of 5.14 million versus analysts’ expectations of 6.27 million. The company’s stock had previously surged nearly 146% over the last 12 months, driven by strong revenues and consistently higher-than-expected subscriber growth. Netflix is scheduled to report its second-quarter 2018 earnings on Monday afternoon after the markets close.
"We had a strong but not stellar Q2," Netflix said in a quarterly letter to shareholders. Netflix said it had "over-forecasted" quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index (.SPX).
Elon Musk can’t follow his own advice. Controversial outbursts are neither new nor unusual for Musk, who frequently spars with critics and investors betting against his company. After Tesla shares fell 22 percent in March -- the steepest monthly drop in more than seven years -- Musk jokingly tweeted on April Fools’ Day that the company had gone bankrupt.
Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A special committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter as the brand’s face and voice and is requesting he cease media appearances on behalf of the firm, the company said in a statement after a Sunday night board meeting. Schnatter came under pressure after a media report that he used a racial slur and graphic descriptions of violence against minorities in a conversation with the company’s former media agency, Laundry Service.
General Electric Co. said it remains unconvinced that demand for Boeing Co.’s potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. The U.S. turbine maker needs to do more work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive engine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show. “We’re still wrestling with what the size of the market is,” Joyce said in a media briefing.
came up big with its second-quarter earnings report. "It looks like banks are now showing their confidence," said Argus Research's Stephen Biggar, who reiterated a $35 price goal for the name. Biggar said Bank of America's earnings report, released before the bell, showed impressive growth in both commercial and consumer loans, indicating that the world's second-biggest lender feels the economy will continue to grow.
Tuna N. Amobi, director and senior equity analyst at CFRA Research, discusses his expectations for Netflix ahead of the company's earnings announcement.
Getty Images for The New Yorker Netflix could be a good stock to own before just before earnings, analyst Craig Huber of Huber Research Partners told Business Insider. The video-streaming giant reports second-quarter earnings Monday. Netflix has beaten
Way to bury the lede, Micron Technology Inc. The news was overshadowed when the Fuzhou Intermediate People's Court "ordered Micron Technology to stop selling certain products in China as part of a patent infringement," according to a note from Nomura Instinet. Nomura analyst, Romit Shah, believes that the credit line is interesting because "at the analyst meeting in May, Micron guided to a target liquidity model in the low $30% range of sales.
The rise of Chinese Internet giants like Alibaba and Tencent happened as the U.S. tech industry largely ignored that market, Yahoo co-founder Jerry Yang said. Famed founders of the current crop of Chinese Internet giants, like Jack Ma at Alibaba and Pony Ma at Tencent thus became “battle-tested entrepreneurs.” They began to develop original business models, he explained.
Jul.16 -- Netflix Inc. plummeted in late trading after posting disappointing subscriber growth in the latest quarter, threatening the run of one of Wall Street’s hottest stocks. Bloomberg Intelligence's Paul Sweeney and Bloomberg's Romaine Bostick have more on "What'd You Miss?"
By contrast, in the first quarter, Netflix blew away expectations for both national and international subscriber growth. In addition, for the third quarter, Netflix guided for five million subscriber additions (650,000 in the U.S. and 4.35 million international), below a consensus of around six million. TheStreet's tech columnist, Eric Jhonsa, is analyzing the company's earnings after the close and then a "video interview" with Netflix executives that's scheduled to begin streaming at 6 p.m. Eastern time.
CNBC's Jim Cramer spots a chance to invest in the FANG and subscription-service stocks after what he calls a "disappointing" quarter from Netflix. Netflix's NFLX "disappointing" earnings report could have just given investors an opportunity to buy into other high-quality tech stocks, CNBC's Jim Cramer said on Monday. Shares of the streaming giant sank as much as 13 percent in after-hours trading after it reported fewer-than-expected subscriber additions in its fiscal second quarter , Netflix's first miss on this line item in five quarters.
Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 16th: Ship Finance International Limited (NYSE:SFL): This operator of vessels and offshore related assets has witnessed the Zacks Consensus Estimate
Shares of Johnson & Johnson JNJ ticked down 1.1% during regular hours Monday, the last day of trading before it releases its latest quarterly earnings report. According to our latest Zacks Consensus Estimates, analysts expect Johnson & Johnson to report earnings of $2.06 per share on $20.25 billion in revenue. Two negative revisions have caused the Zacks Consensus Estimate to tick one cent lower in the past 90 days.
This 'Strong Buy' tech stock has won the attention of five top ranked analysts, who have all recently upgraded their recommendations to Buy. Verizon has jumped almost 9% throughout the last three months. The 12-month average price target suggests the stock boasts 10% in upside potential.
Shares of Amazon (NASDAQ:AMZN) just made a new all time high, closing above $1800 for the first time ever. AMZN stock is now within shouting distance of the magical $1 trillion market cap. Amazon is up an astounding 55% so far this year, dwarfing the very respectable 15% gains year-to-date in the major tech stocks (NASDAQ:QQQ).
Netflix added 5.2 million users in the second quarter, about a million fewer than the company predicted. Netflix’s stock has surged to record highs in recent months because investors believe the company will add tens of millions of customers around the world for years to come. Netflix released a thin slate of shows in the quarter, relative to its typical output.
Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition. In a research note, GBH Insights analyst Daniel Ives called the second-quarter showing "a near-term gut punch" to Netflix. The company gained 5.1 million subscribers worldwide during the quarter, more than 1 million below the number that management had believed it could.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Barrick Gold Corporation ABX-CA : “Look, I always think people should have some gold. I like the
Netflix falls on lower subscriber additions than estimated. Nothing about one quarter changes the long-term Netflix investment thesis. The core theory of Netflix NFLX 's wild run to a $175 billion valuation hasn't been debunked with one quarter of slower growth than forecast.
Netflix (NASDAQ:NFLX) is being beat like a drum after reporting its second-quarter earnings results. Expectations were high going into the report, given that shares have more than doubled so far this year. While Netflix earnings came in ahead of estimates