NFLX - Netflix, Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 413.44 |
| Open | 417.46 |
| Bid | 419.00 x 800 |
| Ask | 420.03 x 1100 |
| Day's Range | 411.85 - 420.24 |
| 52 Week Range | 252.28 - 458.97 |
| Volume | 5,270,484 |
| Avg. Volume | 8,923,626 |
| Market Cap | 184.6B |
| Beta (5Y Monthly) | 0.97 |
| PE Ratio (TTM) | 84.95 |
| EPS (TTM) | 4.94 |
| Earnings Date | Jul 15, 2020 - Jul 20, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 449.21 |
- Benzinga
Benzinga's Bulls And Bears Of The Week: Amazon, Disney, Netflix And More
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week's bullish calls included e-commerce and pharmaceutical giants. * The house that Warren Buffett built is featured among the bearish calls.The Dow Jones industrials and the S&P 500 ended last week with 3% or so gains, while the Nasdaq was up nearly 2%. It was a week when China moved to end Hong Kong's autonomy and the U.S. president punished social media players for fact-checking him. Also, Disney and the New York Stock Exchange prepared for reopenings, 737 Max production resumed and Tesla lowered car prices.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.BullsThe Amazon.com, Inc. (NASDAQ: AMZN) empire is poised to expand further, according to Elizabeth Balboa's "Here's How Amazon Could Become A Threat To Tesla, Ford And More With Zoox Buy.""Bristol-Myers Analyst Says 'Big 7' Pipeline Assets Hold B In Peak Sales Potential" by Shanthi Rexaline shows the slew of products in the Bristol-Myers Squibb Co (NYSE: BMY) pipeline that have blockbuster potential.In "Analyst Upgrades Oil Services Stocks, Predicts 'Doubling Of US Rig Activity'," Wayne Duggan shares why it finally may be time for investors to start dipping their toes in on the likes of Baker Hughes Co (NYSE: BKR).Priya Nigam's "Snap Could Unveil More Developer Integration At Partner Summit, BofA Says" suggests that anticipated new software tools, platform policies and partners bode well for Snap Inc (NYSE: SNAP) stock.For additional bullish calls, also have a look at 'FAANG Stocks Are Strong Once Again,' Facebook, Amazon, Netflix Hit Record Highs Last Week and Plant-Based Food Sales Up 90% In March: Report.BearsTanzeel Akhtar's "Mouse Trap: Imperial Capital Downgrades Disney, Sees Theme Park Risk" looks at why Walt Disney Co (NYSE: DIS) investors may want to take profits."Why Bill Ackman Is No Longer A Berkshire Shareholder" by Jayson Derrick discusses why the billionaire hedge fund manager and activist investor has shed his $1 billion stake in Berkshire Hathaway Inc. (NYSE: BRK-A).Netflix Inc (NASDAQ: NFLX) shares recently have given back some of their year-to-date gains. So says "What's Behind Netflix's Recent Weakness?" by Shanthi Rexaline. Is the stock in the danger of a further pullback?In Randy Elias's "What 2 Experts Are Saying About Canopy Growth After The Q4 Print," see four downside risks for Canopy Growth Corporation (NYSE: CGC) stock.Be sure to check out Cramer Says Getting Over Coronavirus Crisis 'Not Enough' To Lift The Economy and NYSE To Delist Bankrupt Hertz: Report for additional bearish calls.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Dropbox, Slack, Starbucks And More * Barron's Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More * Benzinga's Bulls And Bears Of The Week: Boeing, SmileDirectClub, Tesla And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- MarketWatch
7 day-trading mistakes everyone makes but you can avoid
Many Americans, stuck at home because of the coronavirus pandemic, are putting federal stimulus checks and other money into online stock trading. Several leading brokerage firms have reported a surge in new accounts since much of the U.S. went into lockdown in March, and the stock market’s sharp recovery since the March lows, coupled with recent steps to reopen the U.S. economy, only fuels these newcomers’ euphoria. Indeed, with zero-commissions, day trading seems like an easy way to make a quick buck.
- Yahoo Finance
Data show why HBO Max's slow start may not tell the whole story
HBO Max made its official entrance into the streaming wars on Wednesday — and its day-one performance highlights how consumers are embracing the new platform.
- Motley Fool
Here's Why The Best Is Yet to Come for Roku
You might think that the streaming platform company's fortunes will sour once stay-at-home mandates ease. Think again.
- Investor's Business Daily
IBD 50 Growth Stocks To Watch: Netflix Stock Hits A Buy Zone
Netflix stock, the IBD 50 Growth Stocks To Watch pick for Thursday, is in a buy range on a rebound from 10-week support.
- Reuters
US STOCKS-S&P 500, Dow dip on jitters over Trump's China response
The S&P 500 and Dow slipped on Friday as investors were nervous ahead of a U.S. response to China's national security law on Hong Kong that threatens to take the shine off another month of strong gains for the stock market. President Donald Trump, who has warned of a tough response to China's move, is expected to make an announcement later in the day.
ReutersUS STOCKS- Futures tick lower on jitters over Trump's China response
The S&P 500 and the Dow were set to open lower on Friday as investors braced for a U.S. response to China's national security law on Hong Kong, threatening to take the shine off another month of strong gains for Wall Street. President Donald Trump is due to make an announcement later in the day and has vowed a tough response to China's move, which many fear could erode some of the U.S. economic privileges that Hong Kong enjoys. "If Trump decides to proceed with mild action, like travel and/or financial sanctions on Chinese officials, we don't expect equities to tumble much," said Charalambos Pissouros, Cyprus-based senior market analyst at JFD Group.
- Financial Times
How TV has fed my love for books
It was the only part of a lockdown where we were lucky enough to be safe in a quiet, green neighbourhood that was truly disorienting — until an unlikely saviour popped up via online streaming television. Netflix, Hulu, HBO, Amazon Prime and other streaming channels have leaned heavily on book adaptations, but most of these are familiar — either old classics such as LM Montgomery’s Anne of Green Gables or Philip Pullman’s His Dark Materials, or newer bestsellers such as Sally Rooney’s Normal People. This time, straying into the wide and gloriously tempting world of adaptations in languages beyond English, TV serials led me to genres I might never have explored on my own.
- Bloomberg
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
(Bloomberg Opinion) -- Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shuttered business and sent U.S. unemployment to its highest rate since the Great Depression.Even a 62% recovery by the S&P 500 Index by the middle of May failed to comfort experts like billionaire money managers Stan Druckenmiller and David Tepper , who characterized stocks as the worst investments of their careers. They weren't alone; amid an estimated 47% collapse in gross domestic product, fewer than a quarter of respondents to an Evercore ISI survey said they expected the next 10% move in the market to be higher.So far, though, stocks have held their own as economic indicators sagged, regaining 37% of their value from the low point in mid-March. “The stock market looks increasingly divorced from economic reality,” a New York Times article on the phenomenon proclaimed.Or maybe not — not if you think of it as the Microsoft market. No company has defied the pessimism more than Microsoft Corp., and for a lot of sensible reasons. The Seattle-based maker of global business and consumer software led all publicly traded companies most of the year with a $1.4 trillion market valuation, exceeded only by Saudi Arabian Oil Co. which isn't yet freely traded.Unlike the largest fossil fuel company, which lost 13% since its December $1.9 trillion initial public offering, Microsoft is within 5% of its Feb. 11 record high and appreciated $947 billion since 2015, more than any of the 10 largest companies, including Apple Inc., Alphabet Inc. and Amazon.com Inc. The gap between Microsoft and Aramco narrowed to $229 billion from $840 billion, a trend likely to continue amid weak global growth in the months ahead.That's because Microsoft, unlike Aramco, is a mainstay of the global economy, developing and supplying 75% of the operating systems used by computers and servers worldwide, according to the market-analysis company IDC.Microsoft's vast infrastructure and productivity applications enable companies, governments and individuals to navigate increasing social and workforce disruption caused by the pandemic and other disasters stoked by global warming and climate change.As one of the anchors of the Nasdaq 100 Index (more than 80% are technology firms) Microsoft signifies the growing dependence of the economy on these companies, which this year outperformed the Dow Jones Industrial Average by the most since 2000 (Nasdaq 100 gained 8% as the DJIA lost 10%), according to data compiled by Bloomberg.“Microsoft could emerge stronger than most of its rivals once the Covid-19 crisis subsides, in our view, as enterprises spend more to upgrade their infrastructure and applications, translating into above-consensus, double-digit sales growth from fiscal 2022-2021,” said Anurag Rana, a senior analyst with Bloomberg Intelligence in a May 15 report. “Its deep portfolio of cloud products, client relationships and security spending are differentiators.”Such confidence is prompted by the past five quarters, when Microsoft earnings for the first time exceeded forecasts by at least 10% after beating the average of analyst estimates in all but one of the 23 quarters since 2015, according to data compiled by Bloomberg. Unlike its five more glamorous peers — Facebook Inc., Apple, Amazon, Netflix and Google (Alphabet) — Microsoft has an uninterrupted growth rate with the least volatility, according to data compiled by Bloomberg.To be sure, the Faang companies and similar technology marvels retained much of their value during the Coronavirus pandemic. Netflix has gained 28% since the end of 2019; Amazon is up 30%, Apple 9%, Facebook 10%. Tesla Inc., the maker of electric, battery-powered vehicles, rallied 93% since the end of 2019 and is worth just $59 billion less than No. 1 Toyota Motor Corp.Tesla anticipated the remotely engaged economy by selling its vehicles online and improving the customer experience with periodic, automatic software upgrades. The traditional auto companies haven't fared well. Bayerische Motoren Werke AG, is down 24% since the end of 2019 and General Motors Co., the largest U.S. auto maker, declined 28% and is worth only 26% of Tesla's current market capitalization of $149 billion, according to data compiled by Bloomberg.That's why the Dow, once the benchmark of corporate America, is a shadow of its former self as industrial companies represent just 9% of the average, down from 16% in 2000, according to data compiled by Bloomberg.“Microsoft already had a great relationship with Fortune 2000 tech departments because of its dominance in Windows and Office software products,” said Bloomberg's Rana in a recent interview. “As these legacy companies look to invest more digitally transforming their business post Covid-19, Microsoft should get its fair share of work” — lifting the stock market as it helps transform the economy.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew Winkler, Editor-in-Chief Emeritus of Bloomberg News, writes about markets.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Tech conferences are going virtual, and it feels like Netflix content on demand
Such is the new world of tech conferences in the age of COVID-19. They’ve gone all-digital, like Build and GTC Digital, and may never be the same. Absent a vaccine, the days of thousands of people herded into hotel ballrooms and convention centers like cattle, sharing cabs and eating in cramped quarters, are gone.
- TheStreet.com
[video]Don't Count on HBO Max to See a Reception Like Disney+'s
Though possessing a good content library, HBO Max's pricing and device support work against it, as do a couple other things.
- Yahoo Finance Video
Why cable providers will survive despite rise in cord-cutting: Wells Fargo
Yahoo Finance's Alexandra Canal breaks down the latest outlook for cable providers as more Americans cut the cord and opt for streaming platforms.
- Investopedia
Top Spiking Technical Analysis Articles This Week
Reader interest in technical analysis topics has spiked sharply recently. Here are some of the top technical analysis articles this week.
- Yahoo Finance Video
HBO Max hits 87K mobile downloads on day one, behind Disney+ and Quibi: Sensor Tower
Yahoo Finance's Alexandra Canal breaks down the latest numbers for HBO Max as the platform officially enters a crowded streaming fight.
- TechCrunch
HBO Max was downloaded by 87K new users yesterday (Sensor Tower)
How did yesterday's launch of HBO Max go? Sensor Tower estimated that HBO Now and Max have been downloaded by 33 million people since launching in April 2015, compared to 260 million for Netflix, 120 million for Hulu (both Netflix and Hulu were measured starting in January 2014) and 50 million for Disney+.
- Investor's Business Daily
Despite Coronavirus, These 22 Fastest-Growing Companies Expect 25%-150% Growth In 2020
While the coronavirus pandemic has disrupted the global economy, Netflix, Nvidia and ServiceNow are among 22 stocks expecting 25%-150% growth in 2020.
- Investor's Business Daily
How To Trade Options In Netflix; How A Synthetic Long Stock Trade Makes Money
Today I want to look at a strategy called a synthetic long stock. Let's use Netflix stock as our example.
- Yahoo Finance
How to possibly make easy money from Trump's battle with Twitter and Facebook
Try this trade on for size amidst the brewing battle between President Trump and social media companies.
- Variety
Hulu Launches ‘Watch Party’ Test to Let You Stream Videos With Friends
Click here to read the full article. With millions of Americans still under quarantine orders, Hulu is introducing a way for subscribers to sit together on the couch -- virtually -- to stream TV shows and movies at the same time.Starting May 28, Hulu is beginning to test Watch Party, its first social feature that will let viewers watch titles together and chat in groups of up to eight people. The feature is currently available only on hulu.com for a select number of titles.The Hulu Watch Party also seems to be designed to drive upgrades to the $11.99 monthly package with no ads: The feature is available only to those who have the pricier subscription VOD tier.Users who have access to the test can launch the experience through the “Watch Party” icon on the Details pages of shows and movies from the service's library. They will then be given a link to invite their family and friends, who must also subscribe to the Hulu no-ads plan. According to Hulu, participants in a Watch Party must be 18 or older to either start or join a co-viewing session.While watching, viewers can communicate with each other in a chat window on the right-hand side. Users also have the ability to control their own playback without affecting the rest of the Watch Party: If you hit pause (or fall behind because of a poor internet connection), you can rejoin the rest of the party by hitting the “click to catch up” button in the chat window.A Hulu rep said the Watch Party feature was built in-house by the company's product team and doesn't require a browser plug-in. To see which TV shows and movies are available, customers can look for a “Watch Party” icon on the details page in the Hulu guide.The "watch together" concept isn't new: Startup Scener offers a similar experience for Netflix and HBO, and there's also a browser plug-in called Netflix Party (which is unaffiliated with Netflix).Separately, Hulu this month began rolling out a new user interface, starting with Roku and Apple TV, designed to make finding new content easier.Hulu is now fully controlled by Disney, which offers the service in discounted bundle with Disney Plus and ESPN Plus. As of March 28, Hulu had 32.1 million total subscribers (3.3 million on its Live + SVOD tiers), up 27% year over year, according to Disney.Hulu released an animation showing what the Watch Party feature looks like:
- Motley Fool
3 Streaming Video Stocks That Have a Killer Advantage
Everybody's streaming, and every media company wants in on the fun. Let's look at three players whose secret weapons provide a leg up on the competition.
- Investopedia
Netflix Stock Could Fail Breakout
Netflix stock still hasn't cleared tough 2018 resistance, raising the odds for a failed breakout.
- TechCrunch
Netflix, Disney+ or HBO Max? The best streaming service for your watching habits
For the foreseeable future, at least, many of us have nowhere to go and nothing but time on our hands. With this week’s arrival of HBO Max, an overcrowded streaming market becomes even more competitive, particularly here in the United States. Gone are the days of Netflix’s streaming supremacy (at least from a content perspective).
- Motley Fool
How Retail Bankruptcies Affect Other Retailers
In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Emily Flippen and Ron Gross about the latest news from Wall Street. They talk about the work-from-home culture and the changes it brings.
- Benzinga
Martin Scorsese's Next Movie Will Be Financed By Apple: Report
Apple Inc. (NASDAQ: AAPL) has snagged Martin Scorsese's next movie "Killers of the Flower Moon" from rival Netflix Inc. (NASDAQ: NFLX), cementing its foray into movies.What Happened The Scorsese movie, starring Leonardo DiCaprio and Robert De Niro, will be branded as an Apple Original Film, according to the Wall Street Journal. The movie is based on a nonfiction bestseller by David Grann dealing with events in the 20th century Oklahoma, when members of the oil-rich Osage Nation Native Americans were serially murdered."Killers of the Flower Moon" suffered from budgetary overruns with costs in excess of $200 million.ViacomCBS Inc. (NYSE: VIAC) owned Paramount Studios also faced creative challenges as multiple script rewrites were required to cut costs but failed to do so.Apple will act as the creative studio and will finance the movie, while Paramount Pictures will handle its theatrical distribution.Why It Matters The latest from Scorsese will be the second high profile movie Apple has bagged. Earlier in May, it scored "Greyhound," a World War II film.In April, Scorsese's team had reached out to Apple, Netflix and MGM Holdings Inc. as Paramount balked at the big-budget production. Scorsese's last directorial effort, "The Irishman," starring Robert De Niro, also faced budgetary overruns and had to be rescued by Netflix. The movie received several Academy Award nominations last year, reported the WSJ.Price Action On Thursday, Apple shares closed 0.44% higher at $318.11.Image Credit: Courtesy of Apple TV.See more from Benzinga * Apple's Face ID Will Allow Mask Wearing Users To Unlock Their Phones Quickly * Apple Looking To Diversify Its Manufacturing Base, Will Make Headphones In Vietnam * Sony To Convert Its Financial Subsidiary Into Wholly Owned Unit Through .7B Tender Offer(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
