|Bid||32.85 x 1300|
|Ask||32.92 x 1800|
|Day's Range||32.69 - 32.97|
|52 Week Range||28.96 - 38.21|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.68%|
Inside Netflix’s 2018 Performance and 2019 Expectations (Continued from Prior Part) ## Spending on original content Netflix (NFLX) added 7.0 million subscribers in the third quarter, beating its forecast of 5.0 million subscribers and helping it to report better-than-expected revenue and earnings. Its paid net additions were 6.07 million in the third quarter, which also exceeded its expectations of 5.15 million net subscriber additions. ## Investment in movies and films Netflix’s thriller Bird Box was watched by 45 million subscribers worldwide during its first seven days on the service. Another movie the company released in December, Roma, was declared 2018’s best movie by the New York Film Critics Circle. The movie was also given the Golden Lion Award. It’s now seeking to work with renowned Hollywood directors such as Martin Scorsese, Dee Rees, Steven Soderbergh, Guillermo del Toro, Michael Bay, and Noah Baumbach to expand its reach as a major studio. According to sources, Netflix is planning to produce 90 movies per year, of which 20 will be originals, with budgets ranging from $20 million to $200 million. It’s expected to release ~35 films per year with budgets of under $20 million. In comparison, Comcast’s (CMCSA) Universal Pictures reportedly produces ~30 movies per year. ## Netflix to grow in international markets Netflix also has plans to expand its presence in global markets, including in Mexico, Spain, Italy, Germany, Brazil, France, Turkey, and the Middle East. In India (INDA), Netflix is planning to release 12 local language original series and 20 local language films in 2019. In Africa, Netflix has already entered Nigeria after purchasing the rights to the series Lionheart. The streaming giant added ~5.87 million streaming members in international markets in the third quarter, exceeding its estimate of 4.35 million members. In the fourth quarter, the company expects to have added 7.60 million subscribers internationally. Continue to Next Part Browse this series on Market Realist: * Part 1 - Netflix Outperformed the Market and FAANG Stocks in 2018 * Part 2 - Competition in the Streaming Space Might Dent Netflix’s Dominance * Part 3 - Will Netflix Face a Threat from Disney and WarnerMedia in 2019?
Amazon (AMZN) and other US (SPY) e-commerce companies, including Walmart-backed (WMT) Flipkart, were hit hard recently after the Indian government announced new guidelines by which e-commerce companies must operate in India (INDA). According to the new rule, which will take effect starting on February 1, e-commerce companies such as Amazon and Flipkart will be restricted from selling products from companies in which they have an equity interest.
Apple (AAPL) continued to lead the global tablet market with a share of 26.6% and shipments of 9.7 million units. Apple has a 58% share in the domestic tablet market, up from 54% in the same period last year. The latest 451 Research report says iPad customer satisfaction is at 93% for the iPad and iPad Pro.
According to market research company IDC, the global personal computer (or PC) market fell 0.9% year-over-year to 67.38 million units in the third quarter of 2018. IDC stated, “The traditional PC market has trended toward stabilization since 2017 and even flirted with solid growth in 2Q18. While demand from mature regions remained key to the market, many emerging markets had to contend with unfavorable currency headwinds and other politico-economic factors that cramped demand.”
In the previous part of this series, we have seen that Apple (AAPL) may be struggling to increase iPhone sales in fiscal 2019. Apple managed to easily outperform the global smartphone market as shipments rose 0.5% to 46.9 million units. At the end of the third quarter, Apple had a market share of 13.2% in the global smartphone market.
As noted in the previous article, earlier this year, Berkshire Hathaway took a small stake in India’s Paytm. Walmart (WMT) also made a huge bet on India with its acquisition of Flipkart. Amazon (AMZN) has also been spending substantially in India.
The election results so far show the ruling BJP (Bharatiya Janata Party) trailing in two states and facing a nail-biting battle in another state. While Indian equity markets (INDA) started the day on a weak note, they closed with gains today. In another development, the Indian government appointed a new head of the central bank (IBN) (HDB) after the existing governor abruptly resigned.
In this article, we’ll see how analysts are rating Infosys (INFY). A weaker Indian rupee has been a tailwind for Indian technology companies (INDA) (EPI) such as Infosys, as they get most of their revenues from overseas. Infosys has received “strong buy” ratings from 12 analysts, while 24 have given it “buy” ratings.
Reserve Bank of India Gov. Urjit Patel unexpectedly resigns on Monday, leading investors to worry about who could replace him and what that could mean for the central bank’s independence.
In this article, we’ll see how analysts are rating the leading Indian banks. ICICI Bank (IBN) has received “strong buy” ratings from 19 analysts, while 22 have “buy” ratings on its stock. Two analysts have rated the stock as a “hold” or some equivalent, while the remaining analyst polled by Thomson Reuters on December 7 has rated IBN as a “strong sell.”
India (INDA) ranks among the world’s major oil importers. The country runs a big crude oil import bill, which, coupled with its massive trade deficit with China (FXI), has been a consistent drag on its current account.
The election results for five Indian states are scheduled to be released on December 11. Three of these states were among the key contributors to Prime Minister Narendra Modi’s victory in the 2014 general election.
Apple (AAPL) posted better-than-expected earnings and revenue in the fourth quarter of fiscal 2018, which ended on September 29, but it issued disappointing revenue guidance. Apple posted EPS of $2.91 in the quarter, beating the estimate of $2.78. Its revenue of $62.9 billion also exceeded the estimate of $61.57 billion in the quarter.
The last quarter of 2018 has been very volatile. Investors have lost significant wealth since the start of October 2018. The holiday season though has more often than not resulted in investor optimism and driven markets higher. In this series, we’ll look at five tech stocks that rose over 5% yesterday. Most of them seem to be on the road to recovery after trading close to 52-week lows.
Apple (AAPL) shares have fallen 14% since the beginning of October. Analysts have raised concerns about Apple’s iPhone, which is the company’s flagship product. The concerns have driven Apple’s share price lower.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? Physical gold (GLD) demand tends to act as a floor for gold prices. According to the World Gold Council (or WGC), in the third quarter as well, the demand for jewelry increased 6% YoY to 535.7 tons as lower prices attracted bargain hunters.
Earlier this week, Apple (AAPL) stock was trading lower driven by lower sales forecasts from its suppliers, including Japan Display and Lumentum. Apple stock fell 4% to $195 on November 12—the company’s lowest share price in the last three months. Apple stock fell below $200 for the first time since July.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? According to the World Gold Council (or WGC), central banks’ gold (SGOL) buying has hit the highest level in almost three years for the quarter ended September 2018. Central banks have been net buyers of gold since the beginning of the financial crisis of 2008.
Facebook (FB) witnessed sluggish user base growth during the third quarter of 2018. The Internet giant missed analysts’ expectations on monthly active users (or MAUs) and daily active users (or DAUs).
BAML (Bank of America Merrill Lynch) conducted a survey that polled 225 global investors with $641 billion in total assets under management between November 2 and November 8.
On October 30, Facebook (FB) delivered a sluggish user growth rate in its third-quarter results before the trading bell. Facebook’s weak user growth had a negative impact on the top-line growth in the quarter. The company’s revenues and global daily users lagged behind analysts’ expectations in the third quarter.
Netflix (NFLX) added ~5.87 million streaming members in the international markets in the third quarter. In an earnings letter to shareholders, Netflix (NFLX) stated that the international subscriber additions of 5.87 million were ~32.0% higher year-over-year on the back of its focus on the international market. Netflix’s international streaming revenues soared ~48.7% year-over-year to $1.97 billion in the third quarter.
Netflix (NFLX) is the global leader in movie and TV streaming services. The company invests in original content to grow its subscriber base. In the third quarter, Netflix’s global subscriber base reached 137.1 million and is expected to reach 146.5 million at the end of the fourth quarter.
India, referred to as "the jewel in the crown" in the days of the British Empire due to its strategic location and exotic foods, is an emerging market often overlooked by investors. According to a CNN article, the Indian government attributed the robust economic growth to a sharp spike in manufacturing and construction. "Indian GDP growth beat most expectations in [the latest quarter] and is likely to continue expanding rapidly over the coming months," Shilan Shah, India economist at Capital Economics, told CNN.