351.35 +0.06 (0.02%)
After hours: 7:59PM EDT
|Bid||351.25 x 800|
|Ask||351.43 x 1100|
|Day's Range||348.83 - 354.36|
|52 Week Range||144.25 - 354.36|
|PE Ratio (TTM)||281.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The images are shocking. Famed movie producer Harvey Weinstein in handcuffs after turning himself in to face multiple sexual assault charges. Yahoo Finance's Seana Smith, Pras Subramanian and Jen Rogers discuss.
Gene Munster, Loup Ventures managing partner, and Stephanie Mehta, Fast Company editor-in-chief, discuss Netflix's market capitalization surpassing that of Disney to be the most highly valued entertainment company.
Between the scale and data advantages the streaming giant has built up and the quality of its decision-making to date, there's every reason to think it will rack up tens of millions of additional subscribers and successfully carry out new price hikes in the years to come. Following its latest rally, Netflix has an enterprise value (EV - market cap plus net debt) of $156.7 billion. Netflix's shares now trade for 76 times a 2019 GAAP EPS consensus of $4.64, and (though such a far-off estimate needs to be taken with a grain of salt) 21 times a 2023 EPS consensus of $16.87.
President Obama’s experience, talent and value are in front the camera, not behind it. Unless Netflix is really just paying him off for his now-defunct net-neutrality rules, then this week’s splashy production deal must rest on Netflix’s belief that he’s been hiding unsuspected gifts as an auteur. The Obama deal has been valued in the media at $65 million—almost exactly what Al Gore personally extracted from the cable industry for his Current TV carriage rights when he sold the unwatched cable channel to Al Jazeera in 2013.
Netflix, Amazon Prime Video and Hulu are turning out hundreds of hours of original video content each year and they show no signs of slowing down #tictocnews (Source: Bloomberg)
The Dow and S&P were both in the red for the majority of the day while the Nasdaq fluctuated between slight gains and losses finishing as the sole major index in the black. Oil prices fell sharply Friday after energy ministers from Saudi Arabia and Russia confirmed plans to ease production cuts in order to offset supply shortfalls from Venezuela. West Texas Intermediate crude dropped 4% to $67.88 a barrel.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
Netflix NFLX shares just hit their 27 th all-time high of 2018, and one Netflix bull sees even more explosive gains ahead. "I think by year-end we could see another 30 to 40 percent price appreciation from here," Mark Tepper , founder and president of Strategic Wealth Partners, told CNBC's " Trading Nation " on Thursday. Such an increase on top of year-to-date gains would easily make Netflix the best performer in the S&P 500 for 2018.
Citron Research, which began shorting Roku in two months after it went public last fall, said it now expects the Los Gatos company's stock will rise and that Netflix may acquire it.
was reviewed in the middle of April and I wrote that, "A close above $330 opens the way for a price target of $370." Prices have broken out to new highs and look to be on their way to $370 and perhaps even higher. In this daily bar chart of NFLX, below, we can see that prices have been strong since the beginning of the year. The daily On-Balance-Volume (OBV) line is positive but could use a new high to help confirm the year-to-date advance.
Some of the most highly rated companies will take their turn at earnings, including Lululemon and Ulta Beauty. Similarly, elite tech stocks like Salesforce.com and Workday also will report.
Netflix continues to attract more ownership by mutual funds and hedge funds, but fellow Nasdaq companies Cisco, Microsoft and Alphabet still have more fund shareholders.
Reed Hastings tends to be sanguine when asked about the video streaming service Netflix’s notorious refusal to release its ratings. In May 2017, speaking shortly after the cancellation of Baz Lurhmann’s long-awaited 1970s musical drama “The Get Down” after just one series, Hastings, Netflix’s co-founder, chairman and CEO, told CNBC’s “Squawk Alley” that he felt “our hit ratio is way too high right now. In the year since he made those remarks, Hastings has gotten his wish: 13 shows have been canceled over the course of the last 12 months.
Fidelity Investments recommends saving twice your income by the age of 35. Even some cash-strapped families have reached that goal.
Roku Inc. shares are up 4.5% in Friday trading after short sellers at Citron Research said they had changed their stance on Roku and now have a long position in the stock. "Roku is trading at the largest discount ever to over-the-top peers despite being the only OTT pure play that generates ad revenue," wrote the Citron team in a report. "With the recent surge in Netflix Inc. stock, Netflix could look towards advertising to generate new revenue and could easily acquire Roku." Citron initiated a short position in Roku in late November.
Titmouse produces animated programming for kids and adults, airing on networks including Adult Swim, Netflix and Amazon. If you’re a fan of contemporary animation, chances are you’ve run across the work of Titmouse, the award-winning production company behind Netflix’ Big Mouth, Amazon’s Little Big Awesome and Niko and the Sword of Light, and the long-running Adult Swim classic The Venture Bros, among many others.
The stock market has tossed and turned this week in reaction to changes in the negotiations with North Korea and the looming threat of trade wars, but overall, it continues to act positive. This is consistent with the fact that the advance/decline lines, which had been in the corrective mode since March, finally completed their corrective patterns two weeks ago. NEW YORK, NY - MAY 21: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 21, 2018 in New York City. Much of the concern was focused on Facebook (FB), after the news about Cambridge Analytica was revealed in the middle of March. As investors tried to evaluate the implications for the stock price of FB, many investors sold the other FANG members, as well as a number of the other big-cap tech stocks.
For the first time ever, hyper-growth streaming media giant Netflix, Inc. (NASDAQ:NFLX) is worth more than traditional media giants Comcast Corporation (NASDAQ:CMCSA) and Walt Disney Co (NYSE:DIS). As of this writing, Netflix stock has a market cap of $152 billion. Disney stock has a market cap of $151.5 billion.
"The move to cutting the cord and [over-the-top] advertising is real and it is a megatrend that Citron not only does not want to be short, but at this valuation I want to be long," the research firm, headed by Andrew Left, said in a report Friday. Roku shares briefly climbed more than 4.5 percent before paring gains to trade around $37 a share. After the company went public in late November, the stock soared above $50 and Citron said it tweeted the stock would fall back to $28.
shares extended gains Friday, giving the online streaming service another crack at overtaking Walt Disney Co. The Los Gatos, Calif.-based Netflix, founded just 20 years ago by Marc Randolph and Reed Hastings, briefly surpassed its iconic 95-year-old rival in terms of market value in Thursday trading after the shares hit a record high of $354.00 each, bolstered in part by a new content agreement with former President Barack Obama and First Lady Michelle.